Shoe Carnival Inc (SCVL)
Fixed asset turnover
| Feb 3, 2024 | 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 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,175,882 | 1,186,492 | 1,208,239 | 1,225,892 | 1,262,235 | 1,284,827 | 1,299,502 | 1,319,464 | 1,330,394 | 1,270,920 | 1,189,163 | 1,157,727 | 976,765 | 962,743 | 962,809 | 930,236 | 1,036,551 | 1,031,334 | 1,025,870 | 1,026,015 |
| Property, plant and equipment | US$ in thousands | 168,613 | 164,982 | 159,186 | 150,487 | 141,435 | 136,534 | 124,789 | 110,033 | 88,533 | 71,963 | 65,871 | 62,038 | 62,325 | 63,434 | 65,043 | 64,928 | 67,781 | 69,147 | 70,855 | 72,313 |
| Fixed asset turnover | 6.97 | 7.19 | 7.59 | 8.15 | 8.92 | 9.41 | 10.41 | 11.99 | 15.03 | 17.66 | 18.05 | 18.66 | 15.67 | 15.18 | 14.80 | 14.33 | 15.29 | 14.92 | 14.48 | 14.19 |
February 3, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,175,882K ÷ $168,613K
= 6.97
The fixed asset turnover ratio of Shoe Carnival Inc has shown a strong upward trend over the past few years, indicating an improvement in the efficiency with which the company is utilizing its fixed assets to generate revenue. The ratio has consistently increased from 6.97 in February 2024 to 14.19 in May 2019.
The significant increase in the fixed asset turnover ratio suggests that Shoe Carnival Inc has been able to generate higher sales revenue relative to its investment in fixed assets. This improvement may be attributed to better management of assets, operational efficiencies, and strategic investments in the business.
A fixed asset turnover ratio of 14.19 in May 2019 indicates that for every dollar invested in fixed assets, Shoe Carnival Inc generated $14.19 in sales revenue. This demonstrates the company's ability to effectively utilize its fixed assets to drive revenue growth and profitability.
Overall, the increasing trend in the fixed asset turnover ratio reflects positively on Shoe Carnival Inc's operational performance and asset utilization efficiency. It suggests that the company is effectively leveraging its fixed assets to support its business operations and drive financial success.
Peer comparison
Feb 3, 2024