Ross Stores Inc (ROST)

Total 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
Total assets	US$ in thousands	14,905,300	14,905,200	14,678,000	14,491,800	14,300,100	14,270,600	14,270,600	13,987,300	13,618,900	13,416,500	13,100,100	13,179,900	13,233,700	13,640,300	13,915,700	13,641,400	13,395,900	12,717,900	12,570,700	11,322,200
Total asset turnover		1.42	1.42	1.44	1.43	1.46	1.36	1.38	1.38	1.39	1.39	1.41	1.40	1.41	1.38	1.30	1.27	1.13	0.98	1.01	1.13

January 31, 2025 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $21,129,220K ÷ $14,905,300K
= 1.42

Ross Stores Inc's total asset turnover has shown a general upward trend over the past few years, indicating an improvement in the company's efficiency in generating sales from its assets.

The ratio stood at 1.13 as of August 1, 2020, then decreased slightly to 1.01 by the end of October 31, 2020. It further declined to 0.98 by January 30, 2021, suggesting a potential decrease in sales relative to total assets during that period.

However, starting from May 1, 2021, the total asset turnover began to pick up, reaching 1.27 by July 31, 2021, and further increasing to 1.41 by April 30, 2022. The ratio has mostly remained above 1.30 since then, indicating that the company is efficiently utilizing its assets to generate revenue.

As of January 31, 2025, the total asset turnover ratio stood at 1.42, demonstrating that Ross Stores Inc continues to effectively leverage its assets to drive sales growth. Overall, the increasing trend in total asset turnover suggests improved operational efficiency and effectiveness in utilizing assets to generate revenue for the company.