Victoria's Secret & Co (VSCO)
Fixed 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 | 6,228,500 | 6,179,000 | 6,914,450 | 6,762,540 | 6,642,540 | 6,013,410 | 5,333,960 | 5,476,250 | 5,622,250 | 6,216,380 | 6,815,380 | 6,726,000 | 6,644,000 | 6,144,000 | 5,650,000 | 5,816,000 | 6,688,430 | 7,343,430 | 7,276,560 | 7,221,560 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | 843,000 | — | 2,182,000 | 871,000 | 855,000 | 855,000 | 834,000 | 834,000 | 846,000 | 846,000 | 855,000 | 855,000 | 864,000 | 864,000 | 901,000 | 957,000 |
| Fixed asset turnover | — | — | — | — | 7.88 | — | 2.44 | 6.29 | 6.58 | 7.27 | 8.17 | 8.06 | 7.85 | 7.26 | 6.61 | 6.80 | 7.74 | 8.50 | 8.08 | 7.55 |
January 31, 2025 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $6,228,500K ÷ $—K
= —
The fixed asset turnover ratio measures how efficiently a company is generating sales from its investments in fixed assets. For Victoria's Secret & Co, the fixed asset turnover ratio has varied over the past few years.
From January 31, 2022, to July 31, 2023, the fixed asset turnover ratio showed a generally increasing trend, indicating that the company was effectively utilizing its fixed assets to generate sales. The ratio ranged from 6.80 to 8.50 during this period, with the highest value recorded in July 30, 2022.
However, from October 28, 2023, to October 31, 2023, there was a significant drop in the fixed asset turnover ratio from 6.29 to 2.44. This steep decline may suggest a decrease in sales generated relative to the level of fixed assets in use, potentially indicating inefficiency or underutilization of assets during this period.
The subsequent data points from February 3, 2024, to January 31, 2025, show that the fixed asset turnover ratio was not reported, implying that information about the company's fixed asset turnover for those periods is not available.
In conclusion, while Victoria's Secret & Co demonstrated effective utilization of fixed assets in certain periods, a significant decline in the fixed asset turnover ratio in October 2023 raises concerns about asset efficiency during that specific period. Monitoring this ratio over time can provide valuable insights into the company's operational management and asset utilization strategies.
Peer comparison
Jan 31, 2025