Walmart Inc (WMT)
Total 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 |
| Total assets | US$ in thousands | 252,399,000 | 243,197,000 | 244,860,000 | 252,496,000 | 236,495,000 |
| Total asset turnover | 2.57 | 2.51 | 2.34 | 2.21 | 2.22 |
January 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $648,125,000K ÷ $252,399,000K
= 2.57
Based on the data provided, Walmart Inc's total asset turnover has shown a general increasing trend over the past five years. This ratio measures how efficiently the company is using its total assets to generate revenue.
In fiscal year 2020 (ending Jan 31, 2020), the total asset turnover was 2.22, indicating that for every dollar of total assets, Walmart generated $2.22 in revenue. This number increased to 2.34 in fiscal year 2022, showcasing an improvement in asset utilization efficiency.
The ratio further increased to 2.51 in fiscal year 2023 and continued its upward trajectory to reach 2.57 in fiscal year 2024. This indicates that Walmart has been more effective in generating revenue from its assets over the years.
Overall, the increasing trend in total asset turnover suggests that Walmart has been successful in efficiently utilizing its assets to drive revenue generation and improve its financial performance.
Peer comparison
Jan 31, 2024