Ulta Beauty Inc (ULTA)
Total 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 |
| Total assets | US$ in thousands | 6,001,690 | 5,958,490 | 5,737,410 | 5,631,940 | 5,707,010 | 5,707,010 | 5,595,010 | 5,595,010 | 5,248,760 | 5,248,760 | 5,375,720 | 5,375,720 | 5,370,410 | 5,370,410 | 5,331,550 | 5,331,550 | 4,945,990 | 4,945,990 | 5,012,040 | 4,764,380 |
| Total asset turnover | 1.88 | 1.91 | 2.16 | 2.19 | 2.12 | 1.94 | 1.79 | 1.82 | 1.97 | 2.10 | 2.18 | 2.13 | 2.07 | 1.90 | 1.74 | 1.74 | 1.96 | 2.04 | 1.96 | 1.98 |
January 31, 2025 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $11,295,660K ÷ $6,001,690K
= 1.88
Ulta Beauty Inc's total asset turnover ratio has shown fluctuations over the period from January 31, 2022, to January 31, 2025. The ratio indicates how efficiently the company is utilizing its assets to generate sales revenue.
The total asset turnover ratio ranged between 1.74 and 2.19 during this period. A higher ratio suggests that the company is effectively using its assets to generate sales, while a lower ratio may indicate inefficiencies in asset utilization.
Overall, Ulta Beauty Inc's total asset turnover ratio demonstrated an increasing trend from January 31, 2022, to April 30, 2024, peaking at 2.19 on April 30, 2024. However, the ratio slightly declined to 1.88 on January 31, 2025. This indicates that the company was able to improve its asset utilization efficiency during this period but experienced a slight decrease in the most recent period.
Ulta Beauty Inc should continue monitoring its total asset turnover ratio to ensure optimal asset utilization and strive for consistent improvement in this metric to drive revenue growth and profitability.
Peer comparison
Jan 31, 2025