Ulta Beauty Inc (ULTA)

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	11,207,300	10,879,770	10,729,630	10,496,930	10,208,570	9,711,190	9,368,180	9,038,280	8,630,900	8,100,210	7,656,460	6,917,260	6,151,950	6,259,170	6,389,650	6,828,250	7,398,070	7,216,870	7,094,370	6,915,980
Total assets	US$ in thousands	5,707,010	5,595,010	5,248,760	5,375,720	5,370,410	5,331,550	4,945,990	5,012,040	4,764,380	5,287,770	4,954,580	5,087,540	5,089,970	4,870,990	5,497,120	5,530,550	4,863,870	4,928,850	4,710,380	4,766,350
Total asset turnover		1.96	1.94	2.04	1.95	1.90	1.82	1.89	1.80	1.81	1.53	1.55	1.36	1.21	1.28	1.16	1.23	1.52	1.46	1.51	1.45

February 3, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $11,207,300K ÷ $5,707,010K
= 1.96

Total asset turnover is a key financial ratio that indicates how efficiently a company is utilizing its assets to generate revenue. Ulta Beauty Inc's total asset turnover ratio has shown some fluctuations over the past couple of years, ranging between 1.16 and 2.04.

The trend suggests that Ulta Beauty Inc has been relatively consistent in generating sales revenue for each dollar of assets invested. A higher total asset turnover ratio indicates better asset utilization, which implies that the company is more efficient in generating sales with its existing asset base.

Overall, the trend of Ulta Beauty Inc's total asset turnover ratio indicates that the company has been managing its assets effectively to generate sales revenue, albeit with some minor fluctuations from time to time.