Urban Outfitters Inc (URBN)

Fixed asset turnover

		Jan 31, 2024	Oct 31, 2023	Jul 31, 2023	Apr 30, 2023	Jan 31, 2023	Oct 31, 2022	Jul 31, 2022	Apr 30, 2022	Jan 31, 2022	Oct 31, 2021	Jul 31, 2021	Apr 30, 2021	Jan 31, 2021	Oct 31, 2020	Jul 31, 2020	Apr 30, 2020	Jan 31, 2020	Oct 31, 2019	Jul 31, 2019	Apr 30, 2019
Revenue (ttm)	US$ in thousands	5,141,360	5,044,760	4,939,370	4,850,560	4,788,820	4,741,910	4,698,940	4,673,270	4,548,755	4,303,975	4,142,162	3,787,708	3,434,248	3,501,798	3,519,660	3,678,723	3,969,181	3,939,611	3,925,675	3,955,800
Property, plant and equipment	US$ in thousands	1,286,540	1,272,650	1,222,340	1,201,510	1,187,740	1,175,080	1,150,250	1,150,250	1,145,080	1,088,290	1,047,750	988,973	967,422	930,564	889,126	880,353	890,032	890,538	867,434	829,072
Fixed asset turnover		4.00	3.96	4.04	4.04	4.03	4.04	4.09	4.06	3.97	3.95	3.95	3.83	3.55	3.76	3.96	4.18	4.46	4.42	4.53	4.77

January 31, 2024 calculation

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

The fixed asset turnover ratio of Urban Outfitters Inc has been relatively stable over the past few quarters, ranging between 3.55 and 4.77. This ratio indicates that the company is generating between 3.55 and 4.77 of revenue for every dollar invested in fixed assets. Generally, a higher fixed asset turnover ratio is preferred as it signifies that the company is efficiently utilizing its fixed assets to generate sales.

In this case, despite some fluctuations, the company's fixed asset turnover ratio has been consistently above 3.5, indicating that Urban Outfitters Inc is effectively utilizing its fixed assets to generate revenue. This suggests that the company is managing its investments in property, plant, and equipment efficiently, which is a positive sign for stakeholders and potential investors.