Ross Stores Inc (ROST)

Total 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
Total assets	US$ in thousands	14,905,300	14,300,100	14,300,100	13,416,500	13,416,500
Total asset turnover		1.42	1.44	1.42	1.39	1.39

January 31, 2025 calculation

Total asset turnover = Revenue ÷ Total assets
= $21,129,200K ÷ $14,905,300K
= 1.42

Over the past few years, Ross Stores Inc has demonstrated a stable total asset turnover ratio, ranging from 1.39 to 1.44. This indicates that the company generates $1.39 to $1.44 in revenue for every dollar of total assets it holds. The slight increase in the ratio from 1.39 in January 2023 to 1.42 in January 2024, and further to 1.44 in February 2024, suggests that Ross Stores Inc has been effectively utilizing its assets to generate sales. However, the ratio slightly decreased to 1.42 by January 2025. Overall, the company's ability to efficiently generate revenue from its total assets remains relatively consistent over the period analyzed.