Walmart Inc (WMT)
Fixed asset turnover
| Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 648,125,000 | 638,785,000 | 630,794,000 | 622,021,000 | 611,289,000 | 600,112,000 | 587,824,000 | 576,013,000 | 572,754,000 | 571,962,000 | 566,145,000 | 562,839,000 | 559,151,000 | 548,743,000 | 542,026,000 | 534,661,000 | 523,964,000 | 521,086,000 | 517,989,000 | 515,640,000 |
| Property, plant and equipment | US$ in thousands | 110,810,000 | 107,471,000 | 104,733,000 | 102,335,000 | 100,760,000 | 97,553,000 | 96,006,000 | 94,741,000 | 94,515,000 | 92,242,000 | 91,621,000 | 90,996,000 | 92,201,000 | 102,232,000 | 101,182,000 | 101,872,000 | 105,208,000 | 104,326,000 | 104,674,000 | 104,604,000 |
| Fixed asset turnover | 5.85 | 5.94 | 6.02 | 6.08 | 6.07 | 6.15 | 6.12 | 6.08 | 6.06 | 6.20 | 6.18 | 6.19 | 6.06 | 5.37 | 5.36 | 5.25 | 4.98 | 4.99 | 4.95 | 4.93 |
January 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $648,125,000K ÷ $110,810,000K
= 5.85
Walmart Inc's fixed asset turnover ratio has shown a generally increasing trend over the past few quarters, from 4.93 in April 2019 to 6.02 in July 2023. This indicates that Walmart is generating more sales revenue from its fixed assets, such as property, plant, and equipment, over time.
The highest fixed asset turnover ratio was recorded in October 2021 at 6.20, suggesting that Walmart was efficiently utilizing its fixed assets to generate sales during that period. However, there was a slight decline in the ratio in subsequent quarters, with a dip to 5.25 in April 2020. This may indicate a potential decrease in sales generated from fixed assets during that period.
Overall, the increasing trend in fixed asset turnover ratio for Walmart indicates improved efficiency in utilizing fixed assets to generate revenue. However, fluctuations in the ratio over different quarters should be monitored closely to assess the company's effectiveness in managing its fixed asset base.
Peer comparison
Jan 31, 2024