Shoe Carnival Inc (SCVL)
Total asset turnover
| Jan 31, 2025 | Feb 3, 2024 | Jan 31, 2024 | Jan 31, 2023 | Jan 28, 2023 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,202,880 | 1,175,880 | 1,175,880 | 1,262,240 | 1,262,240 |
| Total assets | US$ in thousands | 1,124,130 | 1,042,020 | 1,042,020 | 989,781 | 989,781 |
| Total asset turnover | 1.07 | 1.13 | 1.13 | 1.28 | 1.28 |
January 31, 2025 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,202,880K ÷ $1,124,130K
= 1.07
Total asset turnover is a financial ratio that measures a company's efficiency in generating sales revenue from its total assets. In the case of Shoe Carnival Inc, the total asset turnover ratio has been relatively stable over the years.
As per the data provided:
- On January 28, 2023, and January 31, 2023, the ratio was 1.28, indicating that the company generated $1.28 in sales for every $1 of total assets.
- However, there was a slight decline in the ratio to 1.13 on January 31, 2024, and this trend continued on February 3, 2024.
- By January 31, 2025, the total asset turnover ratio further decreased to 1.07.
This decline in the total asset turnover ratio suggests that Shoe Carnival Inc may be experiencing challenges in efficiently utilizing its assets to generate sales revenue. Management should focus on improving asset management efficiency to enhance the company's overall performance in the future.
Peer comparison
Jan 31, 2025