Ulta Beauty Inc (ULTA)
Total asset turnover
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 11,207,300 | 10,208,600 | 8,630,890 | 6,151,950 | 7,398,070 |
| Total assets | US$ in thousands | 5,707,010 | 5,370,410 | 4,764,380 | 5,089,970 | 4,863,870 |
| Total asset turnover | 1.96 | 1.90 | 1.81 | 1.21 | 1.52 |
February 3, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $11,207,300K ÷ $5,707,010K
= 1.96
Ulta Beauty Inc's total asset turnover has shown a generally increasing trend over the past five years. The ratio increased from 1.52 in February 2020 to 1.96 in February 2024, indicating that the company is generating more revenue relative to its total assets. This suggests that Ulta Beauty Inc is utilizing its assets more efficiently to generate sales. The increasing trend in total asset turnover reflects the company's ability to effectively manage and utilize its assets to drive revenue growth. Overall, the improvement in total asset turnover signifies an enhancement in operational efficiency and effectiveness in utilizing assets to generate revenue for Ulta Beauty Inc.
Peer comparison
Feb 3, 2024