Shoe Carnival Inc (SCVL)
Fixed asset turnover
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,175,880 | 1,262,240 | 1,330,390 | 976,765 | 1,036,550 |
| Property, plant and equipment | US$ in thousands | 168,613 | 141,435 | 88,533 | 62,325 | 67,781 |
| Fixed asset turnover | 6.97 | 8.92 | 15.03 | 15.67 | 15.29 |
February 3, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,175,880K ÷ $168,613K
= 6.97
The fixed asset turnover ratio for Shoe Carnival Inc has fluctuated over the past five years. In the most recent fiscal year ending on February 3, 2024, the company's fixed asset turnover was 6.97, indicating that the company generated $6.97 in sales for every dollar invested in fixed assets. This represents a decrease from the previous year, where the ratio was at 8.92.
Compared to two years ago, the fixed asset turnover has notably declined. In January 2022, the ratio stood at 15.03, reflecting a significant decrease to the current level. However, it's worth noting that in the fiscal year ending January 30, 2021, and February 1, 2020, the fixed asset turnover was relatively stable at around 15.67 and 15.29, respectively.
These fluctuations in the fixed asset turnover ratio may indicate changes in the efficiency of Shoe Carnival Inc in utilizing its fixed assets to generate sales. Further analysis would be required to understand the specific factors contributing to these variations and assess the overall asset management efficiency of the company.
Peer comparison
Feb 3, 2024