Victoria's Secret & Co (VSCO)
Total asset turnover
| Feb 3, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 6,083,000 | 6,029,000 | 6,093,000 | 6,198,000 | 6,285,000 | 6,459,000 | 6,585,000 | 6,688,000 |
| Total assets | US$ in thousands | 4,600,000 | 4,687,000 | 4,525,000 | 4,405,000 | 4,711,000 | 4,142,000 | 4,072,000 | 4,065,000 |
| Total asset turnover | 1.32 | 1.29 | 1.35 | 1.41 | 1.33 | 1.56 | 1.62 | 1.65 |
February 3, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $6,083,000K ÷ $4,600,000K
= 1.32
Total asset turnover is a financial ratio that measures a company's ability to generate sales from its assets. It indicates how efficiently a company is utilizing its assets to generate revenue.
Analyzing Victoria's Secret & Co's total asset turnover ratio over the past 11 quarters, we observe fluctuations in the ratio. The ratio ranges from 1.29 to 1.65, with an average of approximately 1.44.
A total asset turnover ratio above 1 indicates that the company is generating more in sales than the value of its total assets. In the case of Victoria's Secret & Co, the consistently above 1 ratios suggest that the company is effectively utilizing its assets to generate revenue.
The increasing trend in total asset turnover from 1.29 in Oct 2023 to 1.65 in Apr 2022 indicates an improvement in the company's efficiency in generating sales from its assets.
Overall, Victoria's Secret & Co's total asset turnover ratio indicates efficient asset utilization and effective management in generating revenue.
Peer comparison
Feb 3, 2024