Total Asset Turnover
since 2005
Calculation
Bed Bath & Beyond Inc., total asset turnover, long-term trends, calculation
| Total asset turnover | = | Net sales1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|
| Feb 26, 2022 | 1.53 | = | 7,867,778) | ÷ | 5,130,572) |
| Feb 27, 2021 | 1.43 | = | 9,233,028) | ÷ | 6,456,930) |
| Feb 29, 2020 | 1.43 | = | 11,158,580) | ÷ | 7,790,515) |
| Mar 2, 2019 | 1.83 | = | 12,028,797) | ÷ | 6,570,541) |
| Mar 3, 2018 | 1.75 | = | 12,349,301) | ÷ | 7,040,806) |
| Feb 25, 2017 | 1.78 | = | 12,215,757) | ÷ | 6,846,029) |
| Feb 27, 2016 | 1.86 | = | 12,103,887) | ÷ | 6,498,940) |
| Feb 28, 2015 | 1.76 | = | 11,881,176) | ÷ | 6,758,993) |
| Mar 1, 2014 | 1.81 | = | 11,503,963) | ÷ | 6,356,033) |
| Mar 2, 2013 | 1.74 | = | 10,914,585) | ÷ | 6,279,952) |
| Feb 25, 2012 | 1.66 | = | 9,499,890) | ÷ | 5,724,546) |
| Feb 26, 2011 | 1.55 | = | 8,758,503) | ÷ | 5,646,193) |
| Feb 27, 2010 | 1.52 | = | 7,828,793) | ÷ | 5,152,130) |
| Feb 28, 2009 | 1.69 | = | 7,208,340) | ÷ | 4,268,843) |
| Mar 1, 2008 | 1.83 | = | 7,048,942) | ÷ | 3,844,093) |
| Mar 3, 2007 | 1.67 | = | 6,617,429) | ÷ | 3,959,304) |
| Feb 25, 2006 | 1.72 | = | 5,809,562) | ÷ | 3,382,140) |
| Feb 26, 2005 | 1.61 | = | 5,147,678) | ÷ | 3,199,979) |
Based on: 10-K (reporting date: 2022-02-26), 10-K (reporting date: 2021-02-27), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-03-02), 10-K (reporting date: 2018-03-03), 10-K (reporting date: 2017-02-25), 10-K (reporting date: 2016-02-27), 10-K (reporting date: 2015-02-28), 10-K (reporting date: 2014-03-01), 10-K (reporting date: 2013-03-02), 10-K (reporting date: 2012-02-25), 10-K (reporting date: 2011-02-26), 10-K (reporting date: 2010-02-27), 10-K (reporting date: 2009-02-28), 10-K (reporting date: 2008-03-01), 10-K (reporting date: 2007-03-03), 10-K (reporting date: 2006-02-25), 10-K (reporting date: 2005-02-26).
1 US$ in thousands
The data reveals several noteworthy trends in the financial performance and asset utilization over the observed periods.
- Net Sales
- Net sales demonstrated a general upward trajectory from 2005 through 2018, increasing from approximately 5.15 billion USD to a peak of roughly 12.35 billion USD. This represents a more than doubling of sales within this timeframe. However, after 2018, sales declined annually, falling to about 7.87 billion USD by 2022, suggesting a significant decrease in revenue during the recent years.
- Total Assets
- Total assets showed a steady increase during the early years, rising from approximately 3.2 billion USD in 2005 to a high of around 7.79 billion USD in 2020. Post-2020, a marked decline occurred, with assets dropping to roughly 5.13 billion USD by 2022. This decline indicates a reduction in asset base or divestitures during the latter periods.
- Total Asset Turnover
- The total asset turnover ratio fluctuated moderately over the years. It started at 1.61 in 2005, rising and peaking at 1.86 in 2016. Despite some fluctuations, the ratio generally sustained values around 1.7 to 1.8 for much of the period until 2019. Post-2019, the ratio decreased to 1.43 in 2020 and remained at this lower level in 2021, before a slight recovery to 1.53 in 2022. This indicates that the efficiency in using assets to generate sales weakened significantly in the recent periods but showed some improvement in the last year examined.
Overall, the data reflects strong growth in sales and asset base for the majority of the periods analyzed, with asset utilization maintaining relatively stable levels. However, a notable downturn is observed in both sales and assets starting around 2019-2020, accompanied by a decline and partial recovery in asset turnover ratio. These patterns may suggest operational challenges or strategic shifts impacting financial performance and resource management in the most recent years.
Comparison to Competitors
Bed Bath & Beyond Inc., total asset turnover, long-term trends, comparison to competitors
| Bed Bath & Beyond Inc. | Amazon.com Inc. | Home Depot Inc. | Lowe’s Cos. Inc. | TJX Cos. Inc. | |
|---|---|---|---|---|---|
| Feb 26, 2022 | 1.53 | 1.11 | 2.10 | 2.16 | 1.71 |
| Feb 27, 2021 | 1.43 | 1.12 | 1.87 | 1.92 | 1.04 |
| Feb 29, 2020 | 1.43 | 1.20 | 2.15 | 1.83 | 1.73 |
| Mar 2, 2019 | 1.83 | 1.25 | 2.46 | 2.07 | 2.72 |
| Mar 3, 2018 | 1.75 | 1.43 | 2.27 | 1.94 | 2.55 |
| Feb 25, 2017 | 1.78 | 1.35 | 2.20 | 1.89 | 2.58 |
| Feb 27, 2016 | 1.86 | 1.63 | 2.08 | 1.89 | 2.69 |
| Feb 28, 2015 | 1.76 | 1.64 | 2.08 | 1.77 | 2.61 |
| Mar 1, 2014 | 1.81 | 1.63 | 1.95 | 1.63 | 2.69 |
| Mar 2, 2013 | 1.74 | 1.85 | 1.82 | 1.55 | 2.72 |
| Feb 25, 2012 | 1.66 | 1.88 | 1.74 | 1.50 | 2.80 |
| Feb 26, 2011 | 1.55 | 1.90 | 1.69 | 1.45 | 2.75 |
| Feb 27, 2010 | 1.52 | 1.82 | 1.62 | 1.43 | 2.72 |
| Feb 28, 2009 | 1.69 | 1.77 | 1.73 | 1.48 | 3.08 |
| Mar 1, 2008 | 1.83 | 2.31 | 1.75 | 1.56 | 2.83 |
| Mar 3, 2007 | 1.67 | 2.29 | 1.74 | 1.69 | 2.86 |
| Feb 25, 2006 | 1.72 | 2.45 | 1.83 | 1.75 | 2.92 |
| Feb 26, 2005 | 1.61 | 2.30 | 1.88 | 1.72 | 2.94 |
Based on: 10-K (reporting date: 2022-02-26), 10-K (reporting date: 2021-02-27), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-03-02), 10-K (reporting date: 2018-03-03), 10-K (reporting date: 2017-02-25), 10-K (reporting date: 2016-02-27), 10-K (reporting date: 2015-02-28), 10-K (reporting date: 2014-03-01), 10-K (reporting date: 2013-03-02), 10-K (reporting date: 2012-02-25), 10-K (reporting date: 2011-02-26), 10-K (reporting date: 2010-02-27), 10-K (reporting date: 2009-02-28), 10-K (reporting date: 2008-03-01), 10-K (reporting date: 2007-03-03), 10-K (reporting date: 2006-02-25), 10-K (reporting date: 2005-02-26).
Comparison to Sector (Consumer Discretionary Distribution & Retail)
Bed Bath & Beyond Inc., total asset turnover, long-term trends, comparison to sector (consumer discretionary distribution & retail)
| Bed Bath & Beyond Inc. | Consumer Discretionary Distribution & Retail | |
|---|---|---|
| Feb 26, 2022 | 1.53 | 1.33 |
| Feb 27, 2021 | 1.43 | 1.27 |
| Feb 29, 2020 | 1.43 | 1.40 |
| Mar 2, 2019 | 1.83 | 1.57 |
| Mar 3, 2018 | 1.75 | 1.71 |
| Feb 25, 2017 | 1.78 | 1.67 |
| Feb 27, 2016 | 1.86 | 1.86 |
| Feb 28, 2015 | 1.76 | 1.86 |
| Mar 1, 2014 | 1.81 | 1.80 |
| Mar 2, 2013 | 1.74 | 1.83 |
| Feb 25, 2012 | 1.66 | 1.78 |
| Feb 26, 2011 | 1.55 | 1.74 |
| Feb 27, 2010 | 1.52 | 1.68 |
| Feb 28, 2009 | 1.69 | 1.74 |
| Mar 1, 2008 | 1.83 | 1.81 |
| Mar 3, 2007 | 1.67 | 1.84 |
| Feb 25, 2006 | 1.72 | 1.92 |
| Feb 26, 2005 | 1.61 | 1.93 |
Based on: 10-K (reporting date: 2022-02-26), 10-K (reporting date: 2021-02-27), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-03-02), 10-K (reporting date: 2018-03-03), 10-K (reporting date: 2017-02-25), 10-K (reporting date: 2016-02-27), 10-K (reporting date: 2015-02-28), 10-K (reporting date: 2014-03-01), 10-K (reporting date: 2013-03-02), 10-K (reporting date: 2012-02-25), 10-K (reporting date: 2011-02-26), 10-K (reporting date: 2010-02-27), 10-K (reporting date: 2009-02-28), 10-K (reporting date: 2008-03-01), 10-K (reporting date: 2007-03-03), 10-K (reporting date: 2006-02-25), 10-K (reporting date: 2005-02-26).
Comparison to Industry (Consumer Discretionary)
Bed Bath & Beyond Inc., total asset turnover, long-term trends, comparison to industry (consumer discretionary)
| Bed Bath & Beyond Inc. | Consumer Discretionary | |
|---|---|---|
| Feb 26, 2022 | 1.53 | 0.96 |
| Feb 27, 2021 | 1.43 | 0.88 |
| Feb 29, 2020 | 1.43 | 0.84 |
| Mar 2, 2019 | 1.83 | 0.94 |
| Mar 3, 2018 | 1.75 | 0.96 |
| Feb 25, 2017 | 1.78 | 0.93 |
| Feb 27, 2016 | 1.86 | 0.96 |
| Feb 28, 2015 | 1.76 | 0.98 |
| Mar 1, 2014 | 1.81 | 1.02 |
| Mar 2, 2013 | 1.74 | 1.04 |
| Feb 25, 2012 | 1.66 | 1.06 |
| Feb 26, 2011 | 1.55 | 1.08 |
| Feb 27, 2010 | 1.52 | 1.04 |
| Feb 28, 2009 | 1.69 | 0.94 |
| Mar 1, 2008 | 1.83 | 0.96 |
| Mar 3, 2007 | 1.67 | 0.88 |
| Feb 25, 2006 | 1.72 | 0.82 |
| Feb 26, 2005 | 1.61 | 0.85 |
Based on: 10-K (reporting date: 2022-02-26), 10-K (reporting date: 2021-02-27), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-03-02), 10-K (reporting date: 2018-03-03), 10-K (reporting date: 2017-02-25), 10-K (reporting date: 2016-02-27), 10-K (reporting date: 2015-02-28), 10-K (reporting date: 2014-03-01), 10-K (reporting date: 2013-03-02), 10-K (reporting date: 2012-02-25), 10-K (reporting date: 2011-02-26), 10-K (reporting date: 2010-02-27), 10-K (reporting date: 2009-02-28), 10-K (reporting date: 2008-03-01), 10-K (reporting date: 2007-03-03), 10-K (reporting date: 2006-02-25), 10-K (reporting date: 2005-02-26).