Walgreens Boots Alliance Inc (WBA)
Fixed asset turnover
| Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 144,409,000 | 142,217,000 | 139,712,000 | 136,739,000 | 133,981,000 | 132,914,000 | 132,484,000 | 134,297,000 | 135,290,000 | 134,271,000 | 136,618,000 | 137,102,000 | 138,097,000 | 141,108,000 | 139,109,000 | 138,317,000 | 138,220,000 | 136,893,000 | 136,337,000 | 135,825,000 |
| Property, plant and equipment | US$ in thousands | 22,617,000 | 23,613,000 | 10,909,000 | 23,875,000 | 23,682,000 | 23,709,000 | 23,884,000 | 24,125,000 | 24,995,000 | 24,882,000 | 12,247,000 | 24,709,000 | 24,538,000 | 25,218,000 | 12,796,000 | 24,401,000 | 13,482,000 | 13,620,000 | 13,478,000 | 13,717,000 |
| Fixed asset turnover | 6.38 | 6.02 | 12.81 | 5.73 | 5.66 | 5.61 | 5.55 | 5.57 | 5.41 | 5.40 | 11.16 | 5.55 | 5.63 | 5.60 | 10.87 | 5.67 | 10.25 | 10.05 | 10.12 | 9.90 |
February 29, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $144,409,000K ÷ $22,617,000K
= 6.38
Fixed asset turnover measures how efficiently a company is using its fixed assets to generate revenue. A higher fixed asset turnover ratio indicates that the company is effectively utilizing its fixed assets to generate sales.
Looking at the trend of Walgreens Boots Alliance Inc's fixed asset turnover ratio over the provided periods, we can observe fluctuations. The ratio ranged from a low of 5.40 to a high of 12.81. The substantial increase in August 2023, followed by a decrease in November 2023, is noteworthy.
Overall, Walgreens Boots Alliance Inc has generally maintained a relatively high fixed asset turnover ratio, indicating efficient utilization of its fixed assets to generate sales. However, fluctuations in the ratio over time may reflect changes in company operations, investment in fixed assets, or shifts in revenue generation strategies. Further analysis and comparison with industry benchmarks would provide deeper insights into the company's performance in this aspect.
Peer comparison
Feb 29, 2024
See also:
Walgreens Boots Alliance Inc Net Fixed Asset Turnover (Quarterly Data)