Ross Stores Inc (ROST)

Fixed asset turnover

		Jan 31, 2025	Feb 3, 2024	Jan 31, 2024	Jan 31, 2023	Jan 28, 2023
Revenue	US$ in thousands	21,129,200	20,541,100	20,376,900	18,695,800	18,693,000
Property, plant and equipment	US$ in thousands	—	3,531,900	—	3,181,530	3,181,530
Fixed asset turnover		—	5.82	—	5.88	5.88

January 31, 2025 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $21,129,200K ÷ $—K
= —

Ross Stores Inc's fixed asset turnover ratio seems to be relatively stable and efficient over the years, as indicated by the consistent values around 5.88. This ratio suggests that the company generates $5.88 in revenue for every dollar invested in fixed assets. However, there are a couple of missing data points, which might indicate that there was a change in the company's reporting practices or a significant event impacting fixed asset turnover during those periods.

The slight decrease to 5.82 on February 3, 2024, compared to the earlier value, could indicate either a decrease in sales generated by the fixed assets or an increase in the value of fixed assets themselves. Overall, a fixed asset turnover ratio of around 5.88 signifies that Ross Stores Inc efficiently utilizes its fixed assets to generate sales revenue. However, it would be beneficial to have more complete data to analyze the trend over a longer period effectively.