Urban Outfitters Inc (URBN)

Total 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
Total assets	US$ in thousands	4,111,210	4,109,660	3,969,940	3,792,670	3,682,910	3,720,120	3,653,430	3,642,310	3,791,350	3,890,610	3,742,890	3,579,610	3,546,340	3,530,680	3,425,280	3,356,200	3,315,630	3,320,590	3,138,040	3,251,820
Total asset turnover		1.25	1.23	1.24	1.28	1.30	1.27	1.29	1.28	1.20	1.11	1.11	1.06	0.97	0.99	1.03	1.10	1.20	1.19	1.25	1.22

January 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $5,141,360K ÷ $4,111,210K
= 1.25

The total asset turnover ratio for Urban Outfitters Inc has been fluctuating over the past few quarters, ranging from 0.97 to 1.30. The ratio indicates how efficiently the company is utilizing its assets to generate revenue. A higher total asset turnover ratio implies that the company is effectively using its assets to generate sales.

In the most recent quarter, the total asset turnover ratio was 1.25, which suggests that for every dollar of assets, the company generated $1.25 in sales. This is a positive sign as it indicates strong asset utilization and efficiency in revenue generation. However, it is essential to monitor this ratio over time to ensure that the company maintains efficient asset management practices.

Overall, the trend in Urban Outfitters Inc's total asset turnover ratio indicates that the company has been relatively consistent in utilizing its assets to generate sales.