Victoria's Secret & Co (VSCO)
Total asset turnover
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | ||
|---|---|---|---|---|
| Revenue | US$ in thousands | 6,083,000 | 6,284,000 | 6,758,000 |
| Total assets | US$ in thousands | 4,600,000 | 4,711,000 | 4,344,000 |
| Total asset turnover | 1.32 | 1.33 | 1.56 |
February 3, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $6,083,000K ÷ $4,600,000K
= 1.32
Victoria's Secret & Co's total asset turnover has decreased from 1.56 in January 2022 to 1.32 in February 2024. This indicates that the company generated $1.32 in sales for every $1 of total assets in 2024. The decline in total asset turnover suggests a decrease in efficiency in utilizing its assets to generate sales revenue. It is essential for the company to assess its asset management strategies to improve efficiency and profitability in the future.
Peer comparison
Feb 3, 2024
Company name
Symbol
Total asset turnover
Victoria's Secret & Co
VSCO
1.32
Bath & Body Works Inc.
BBWI
1.30