Ulta Beauty Inc (ULTA)
Total 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 |
| Total assets | US$ in thousands | 6,001,690 | 5,707,010 | 5,707,010 | 5,370,410 | 5,370,410 |
| Total asset turnover | 1.88 | 1.96 | 1.96 | 1.90 | 1.90 |
January 31, 2025 calculation
Total asset turnover = Revenue ÷ Total assets
= $11,295,700K ÷ $6,001,690K
= 1.88
Ulta Beauty Inc's total asset turnover ratio has shown stability and a slight increase over the years, ranging from 1.88 to 1.96. This indicates that the company is effectively utilizing its total assets to generate sales revenue. A higher total asset turnover ratio suggests that Ulta Beauty Inc is efficient in generating sales relative to its total assets, which is a positive sign for investors and stakeholders. However, it's important to note that deviations in the ratio could occur due to changes in the company's operating efficiency or changes in the composition of its assets. Overall, the consistent performance of Ulta Beauty Inc in terms of total asset turnover reflects a solid operational efficiency in utilizing its total assets for revenue generation.
Peer comparison
Jan 31, 2025