Walgreens Boots Alliance Inc (WBA)
Fixed asset turnover
| Aug 31, 2024 | May 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 148,445,000 | 145,518,000 | 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 |
| Property, plant and equipment | US$ in thousands | 9,092,000 | 22,777,000 | 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 |
| Fixed asset turnover | 16.33 | 6.39 | 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 |
August 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $148,445,000K ÷ $9,092,000K
= 16.33
The fixed asset turnover ratio for Walgreens Boots Alliance Inc has shown variations over the past several quarters. The ratio indicates how efficiently the company is utilizing its fixed assets to generate sales revenue.
In the latest quarter ending August 31, 2024, the fixed asset turnover ratio was 16.33, which signifies a significant increase compared to the previous quarter. This could indicate improved efficiency in utilizing fixed assets to generate revenue. However, such a high ratio may also suggest aggressive sales growth or possibly an unusually low level of fixed assets.
Looking back further, we observe that the fixed asset turnover ratio experienced fluctuations, with some quarters showing higher ratios compared to others. In general, the company has maintained a relatively high fixed asset turnover ratio over the past few years, indicating a consistent ability to generate revenue from its fixed assets.
It is important for investors and analysts to further investigate the factors contributing to these fluctuations in the fixed asset turnover ratio to gain a deeper understanding of the company's operational efficiency and potential future performance.
Peer comparison
Aug 31, 2024
See also:
Walgreens Boots Alliance Inc Net Fixed Asset Turnover (Quarterly Data)