Walmart Inc (WMT)
Fixed asset turnover
| Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 648,125,000 | 611,289,000 | 572,754,000 | 559,151,000 | 523,964,000 |
| Property, plant and equipment | US$ in thousands | 110,810,000 | 100,760,000 | 94,515,000 | 92,201,000 | 105,208,000 |
| Fixed asset turnover | 5.85 | 6.07 | 6.06 | 6.06 | 4.98 |
January 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $648,125,000K ÷ $110,810,000K
= 5.85
The fixed asset turnover ratio of Walmart Inc has shown a consistent trend over the past five years. The ratio indicates how efficiently the company is using its fixed assets to generate sales revenue.
Walmart's fixed asset turnover has ranged from 4.98 to 6.07 during the period from January 31, 2020, to January 31, 2023, showing a generally stable performance. In the latest fiscal year (ending January 31, 2024), the fixed asset turnover ratio decreased slightly to 5.85, indicating a small decline in the efficiency of using fixed assets to generate sales compared to the previous year.
Overall, Walmart Inc has maintained a relatively high fixed asset turnover ratio, which suggests a strong ability to generate sales revenue from its fixed assets. This indicates that Walmart is effectively utilizing its investment in long-term assets to drive sales growth.
Peer comparison
Jan 31, 2024