Ross Stores Inc (ROST)

Fixed asset turnover

		Jan 31, 2025	Nov 2, 2024	Aug 3, 2024	May 4, 2024	Feb 3, 2024	Oct 31, 2023	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
Revenue (ttm)	US$ in thousands	21,129,220	21,239,440	21,092,940	20,773,590	20,887,640	19,391,220	19,703,320	19,303,440	18,903,660	18,710,680	18,476,550	18,464,060	18,696,690	18,879,670	18,107,370	17,306,080	15,185,820	12,512,410	12,695,330	12,789,940
Property, plant and equipment	US$ in thousands	—	—	—	—	—	—	3,397,520	3,310,600	3,224,730	3,181,530	3,008,740	2,929,770	5,945,570	2,898,530	2,784,290	5,720,120	—	2,710,500	—	—
Fixed asset turnover		—	—	—	—	—	—	5.80	5.83	5.86	5.88	6.14	6.30	3.14	6.51	6.50	3.03	—	4.62	—	—

January 31, 2025 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $21,129,220K ÷ $—K
= —

Fixed asset turnover is a financial ratio that measures a company's efficiency in generating sales revenue from its investments in fixed assets. The ratio is calculated by dividing net sales by average fixed assets. In the case of Ross Stores Inc, the fixed asset turnover has shown variability over the past few years.

From the available data, we observe that the fixed asset turnover was not available (marked as "—") for certain periods, indicating a lack of information or potentially significant fluctuations in the ratio during those times.

In January 2021, Ross Stores Inc had a fixed asset turnover of 4.62, which indicates that the company generated $4.62 in sales revenue for every dollar invested in fixed assets during that period. This suggests a relatively efficient utilization of fixed assets to generate sales.

The fixed asset turnover then increased significantly to 6.50 in October 2021, demonstrating an improvement in the company's ability to generate revenue from its fixed asset base. This uptrend continued into January 2022 and July 2022, with ratios of 6.51 and 6.30, respectively.

However, there was a decline in the fixed asset turnover to 3.14 in April 2022, followed by fluctuations around the range of 5.80 to 6.14 from January 2023 to October 2023. These figures suggest a moderate level of efficiency in utilizing fixed assets during these periods.

It is worth noting that the ratio was not available for the subsequent periods up to January 2025, indicating a lack of data or potential fluctuations that were not disclosed.

In conclusion, the analysis of Ross Stores Inc's fixed asset turnover reveals varying levels of efficiency in converting fixed assets into sales revenue over the examined time frame, with some periods showing improvements while others displaying fluctuations. Monitoring this ratio over time can provide insights into the company's operational efficiency and asset utilization strategies.