Shoe Carnival Inc (SCVL)
Total 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 |
| Total assets | US$ in thousands | 1,042,020 | 1,023,470 | 1,043,200 | 976,629 | 989,781 | 966,336 | 914,515 | 861,734 | 812,264 | 786,509 | 784,056 | 750,089 | 642,747 | 623,343 | 689,518 | 629,550 | 628,374 | 647,712 | 693,373 | 628,618 |
| Total asset turnover | 1.13 | 1.16 | 1.16 | 1.26 | 1.28 | 1.33 | 1.42 | 1.53 | 1.64 | 1.62 | 1.52 | 1.54 | 1.52 | 1.54 | 1.40 | 1.48 | 1.65 | 1.59 | 1.48 | 1.63 |
February 3, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,175,882K ÷ $1,042,020K
= 1.13
Total asset turnover is a financial ratio that measures a company's efficiency in generating sales using its total assets. A higher total asset turnover ratio indicates that a company is effectively using its assets to generate revenue.
In the case of Shoe Carnival Inc, the total asset turnover ratio has shown some fluctuations over the past few periods but has generally remained above 1. This suggests that the company is able to generate sales revenue relative to its total assets, indicating efficient asset utilization.
The trend in Shoe Carnival Inc's total asset turnover ratio over the periods shows some variability, with the ratio peaking at 1.65 in Jan 29, 2022, and reaching its lowest point at 1.13 in Feb 3, 2024. However, overall, the company's total asset turnover has remained relatively healthy, hovering around the 1.5 range in recent periods.
Investors and analysts typically look for consistency or improvement in total asset turnover ratios, as it indicates that the company is effectively managing its assets to generate sales. Shoe Carnival Inc's total asset turnover ratios suggest that the company is performing reasonably well in this aspect, although further analysis in conjunction with other financial metrics is recommended for a comprehensive assessment of the company's financial performance.
Peer comparison
Feb 3, 2024