Ulta Beauty Inc (ULTA)

Fixed asset turnover

		Jan 31, 2025	Feb 3, 2024	Jan 31, 2024	Jan 31, 2023	Jan 28, 2023
Revenue	US$ in thousands	11,295,700	11,207,300	11,207,300	10,208,600	10,208,600
Property, plant and equipment	US$ in thousands	—	1,182,340	—	1,009,270	1,009,270
Fixed asset turnover		—	9.48	—	10.11	10.11

January 31, 2025 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $11,295,700K ÷ $—K
= —

The fixed asset turnover for Ulta Beauty Inc has been relatively stable over the past few years, standing at approximately 10.11 for both January 28, 2023, and January 31, 2023. However, there is missing data for January 31, 2024, and January 31, 2025. The fixed asset turnover decreased slightly to 9.48 as of February 3, 2024. This ratio indicates that Ulta Beauty Inc generated $10.11 (for 2023) and $9.48 (for 2024) in revenue for every dollar invested in fixed assets. Overall, the company's ability to generate revenue from its fixed assets appears to be strong, but further analysis would be needed to understand the impact of the slight decline in 2024.