Urban Outfitters Inc (URBN)
Total 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 |
| Total assets | US$ in thousands | 4,111,210 | 3,682,910 | 3,791,350 | 3,546,340 | 3,315,630 |
| Total asset turnover | 1.25 | 1.30 | 1.20 | 0.97 | 1.20 |
January 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $5,141,360K ÷ $4,111,210K
= 1.25
The total asset turnover of Urban Outfitters Inc has shown fluctuations over the past five years. The ratio indicates how efficiently the company is utilizing its total assets to generate sales revenue.
In 2024, the total asset turnover was 1.25, which means that for every dollar of total assets, the company generated $1.25 in sales revenue. This represents a slight decrease from the previous year's ratio of 1.30.
Compared to 2022 and 2020, where the total asset turnover was 1.20, there was a slight improvement in efficiency in 2024. However, in 2021, the ratio was 0.97, indicating a lower level of asset utilization efficiency.
Overall, the trend in total asset turnover for Urban Outfitters Inc shows some variability, but the company generally appears to be effectively leveraging its total assets to generate sales revenue, with some room for improvement in certain years.
Peer comparison
Jan 31, 2024