Shoe Carnival Inc (SCVL)
Total 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 |
| Total assets | US$ in thousands | 1,042,020 | 989,781 | 812,264 | 642,747 | 628,374 |
| Total asset turnover | 1.13 | 1.28 | 1.64 | 1.52 | 1.65 |
February 3, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,175,880K ÷ $1,042,020K
= 1.13
The total asset turnover ratio of Shoe Carnival Inc has shown a declining trend over the past five years. In the most recent fiscal year, it stood at 1.13, indicating that the company generated $1.13 in revenue for every dollar of assets. This is a decrease from the previous year where the ratio was 1.28.
The decreasing trend in total asset turnover suggests that Shoe Carnival Inc may be less efficient in utilizing its assets to generate revenue compared to previous years. It could be a result of various factors such as slower sales growth, higher asset base, or inefficient asset utilization.
Further analysis is recommended to understand the reasons behind the declining total asset turnover and to identify potential areas for improvement in asset management and operational efficiency within the company.
Peer comparison
Feb 3, 2024