Urban Outfitters Inc (URBN)

Fixed asset turnover

		Jan 31, 2024	Jan 31, 2023	Jan 31, 2022	Jan 31, 2021	Jan 31, 2020
Revenue	US$ in thousands	5,141,360	4,788,830	4,548,760	3,434,250	3,969,180
Property, plant and equipment	US$ in thousands	1,286,540	1,187,740	1,145,080	967,422	890,032
Fixed asset turnover		4.00	4.03	3.97	3.55	4.46

January 31, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $5,141,360K ÷ $1,286,540K
= 4.00

The fixed asset turnover ratio for Urban Outfitters Inc has shown variability over the past five years. The ratio ranged from 3.55 in January 2021 to 4.46 in January 2020. This ratio measures how efficiently the company generates sales revenue from its investment in fixed assets. A higher fixed asset turnover ratio indicates that the company is effectively utilizing its fixed assets to generate more sales. Generally, Urban Outfitters Inc has exhibited a strong performance in this regard over the years, with the ratio consistently above 4, indicating efficient utilization of its fixed assets to generate revenue. This trend suggests that the company is effectively managing and leveraging its fixed assets to drive sales growth.