Ulta Beauty Inc (ULTA)

Fixed asset turnover

		Jan 31, 2025	Oct 31, 2024	Jul 31, 2024	Apr 30, 2024	Feb 3, 2024	Jan 31, 2024	Oct 31, 2023	Oct 28, 2023	Jul 31, 2023	Jul 29, 2023	Apr 30, 2023	Apr 29, 2023	Jan 31, 2023	Jan 28, 2023	Oct 31, 2022	Oct 29, 2022	Jul 31, 2022	Jul 30, 2022	Apr 30, 2022	Jan 31, 2022
Revenue (ttm)	US$ in thousands	11,295,660	11,362,340	12,386,540	12,323,380	12,086,460	11,061,970	10,037,480	10,182,810	10,328,140	11,025,100	11,722,060	11,426,590	11,131,120	10,201,460	9,271,800	9,278,910	9,669,510	10,101,790	9,800,460	9,450,340
Property, plant and equipment	US$ in thousands	—	—	—	—	1,182,340	—	—	1,117,870	1,073,140	1,073,140	1,019,980	1,019,980	1,009,270	1,009,270	967,039	967,039	912,017	912,017	909,543	2,396,730
Fixed asset turnover		—	—	—	—	10.22	—	—	9.11	9.62	10.27	11.49	11.20	11.03	10.11	9.59	9.60	10.60	11.08	10.78	3.94

January 31, 2025 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $11,295,660K ÷ $—K
= —

The fixed asset turnover ratio is a measure of how efficiently a company is utilizing its fixed assets to generate revenue. It indicates the amount of sales generated for each dollar of fixed assets owned by the company.

Analyzing Ulta Beauty Inc's fixed asset turnover ratio based on the provided data reveals fluctuations over time. The ratio ranged from a low of 3.94 on January 31, 2022, to a high of 11.49 on April 30, 2023. This suggests that the company was able to generate increasing levels of revenue relative to its fixed asset base during this period.

The trend in the fixed asset turnover ratio shows an overall improvement in efficiency from January 31, 2022, to April 30, 2023, with the ratio peaking at 11.49. However, there were fluctuations in the subsequent periods, indicating potential changes in how effectively the company was utilizing its fixed assets to generate sales.

There were instances where the fixed asset turnover ratio decreased, such as the decline from July 31, 2023, to October 28, 2023, which could be indicative of challenges or changes in the company's operations impacting its asset efficiency.

The absence of data for certain periods, such as October 31, 2023, January 31, 2024, April 30, 2024, July 31, 2024, and October 31, 2024, makes it difficult to provide a complete picture of the trend in Ulta Beauty Inc's fixed asset turnover ratio during those periods.

Overall, the analysis of Ulta Beauty Inc's fixed asset turnover suggests fluctuations in asset efficiency over time, with periods of both improvement and potential challenges in utilizing fixed assets to drive revenue generation. Monitoring this ratio can provide insights into the company's operational performance and efficiency in utilizing its fixed asset base.