RH (RH)
Total asset turnover
| Feb 3, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,836,374 | 3,120,032 | 3,261,556 | 3,447,058 | 3,540,792 | 3,448,343 | 3,584,715 | 3,614,984 | 3,668,919 | 3,610,126 | 3,464,121 | 3,200,155 | 2,834,489 | 2,687,029 | 2,534,679 | 2,531,911 | 2,755,530 | 2,761,445 | 2,720,477 | 2,654,761 |
| Total assets | US$ in thousands | 4,143,900 | 4,240,620 | 4,212,830 | 5,319,830 | 5,309,290 | 5,883,720 | 5,831,450 | 5,887,940 | 5,540,470 | 5,420,020 | 3,467,150 | 3,237,320 | 2,898,310 | 2,679,250 | 2,506,410 | 2,429,890 | 2,445,690 | 2,362,010 | 2,387,810 | 2,545,830 |
| Total asset turnover | 0.68 | 0.74 | 0.77 | 0.65 | 0.67 | 0.59 | 0.61 | 0.61 | 0.66 | 0.67 | 1.00 | 0.99 | 0.98 | 1.00 | 1.01 | 1.04 | 1.13 | 1.17 | 1.14 | 1.04 |
February 3, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,836,374K ÷ $4,143,900K
= 0.68
The total asset turnover for RH has varied over the past few quarters, ranging from 0.59 to 1.17. A lower total asset turnover typically indicates that the company is not generating enough sales relative to its asset base, which may suggest inefficiency in asset utilization. Conversely, a higher total asset turnover indicates that the company is generating more revenue from its assets, reflecting operational efficiency.
In analyzing the trend, it is observed that the total asset turnover has generally been within the range of 0.59 to 1.17 since May 2019, with some fluctuations. The most recent figure of 0.68 suggests that for every dollar of assets held by the company, it generates $0.68 in sales.
It is important to monitor the total asset turnover over time to assess the company's efficiency in utilizing its assets to generate revenue. The increase in total asset turnover from 0.59 in October 2022 to 1.17 in November 2019 may indicate improved asset utilization efficiency during the period.
Peer comparison
Feb 3, 2024