RH (RH)
Total asset turnover
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Feb 3, 2024 | Jan 31, 2024 | Oct 31, 2023 | Oct 28, 2023 | Jul 31, 2023 | Jul 29, 2023 | Apr 30, 2023 | Apr 29, 2023 | Jan 31, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 31, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 31, 2022 | Jan 29, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,180,753 | 3,048,367 | 2,974,895 | 2,896,465 | 2,867,490 | 2,987,949 | 3,007,166 | 2,995,103 | 2,998,010 | 2,970,030 | 3,176,231 | 3,276,578 | 3,567,306 | 3,737,786 | 3,731,400 | 3,794,632 | 3,674,241 | 3,737,692 | 3,756,281 | 3,842,399 |
| Total assets | US$ in thousands | 4,554,690 | 4,464,220 | 4,376,400 | 4,186,540 | 4,143,900 | 4,143,900 | 4,240,620 | 4,240,620 | 4,212,830 | 4,212,830 | 5,319,830 | 5,319,830 | 5,309,290 | 5,309,290 | 5,883,720 | 5,831,450 | 5,831,450 | 5,887,940 | 5,540,470 | 5,540,470 |
| Total asset turnover | 0.70 | 0.68 | 0.68 | 0.69 | 0.69 | 0.72 | 0.71 | 0.71 | 0.71 | 0.70 | 0.60 | 0.62 | 0.67 | 0.70 | 0.63 | 0.65 | 0.63 | 0.63 | 0.68 | 0.69 |
January 31, 2025 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,180,753K ÷ $4,554,690K
= 0.70
The total asset turnover for RH has fluctuated over the analyzed periods, ranging from 0.60 to 0.72. The ratio indicates how efficiently the company is generating sales from its total assets. A higher total asset turnover suggests that the company is effectively utilizing its assets to generate revenue.
RH's total asset turnover improved from 0.60 in April 30, 2023, to a peak of 0.72 in January 31, 2024, before stabilizing around 0.68 to 0.71 in the subsequent periods. This indicates that the company may have optimized its asset utilization during the peak period, leading to higher revenue generation per dollar of assets.
Overall, the fluctuating total asset turnover indicates varying levels of efficiency in generating sales from total assets, which may be influenced by factors such as operational performance, inventory management, and sales growth strategies. RH should continue monitoring and analyzing this ratio to optimize its asset efficiency and overall financial performance.