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 financial performance from 2005 to 2022 is characterized by a prolonged period of expansion in scale and efficiency, followed by a significant contraction in revenue and asset utilization in the final years of the period.
- Revenue and Asset Growth Trends
- Between 2005 and 2018, net sales exhibited a consistent upward trajectory, rising from 5.15 billion to a peak of 12.35 billion. Total assets grew in a similar pattern, increasing from 3.20 billion in 2005 to a peak of 7.79 billion in 2020. This period suggests a strategic expansion of the operational base to support increasing sales volume.
- Asset Utilization Efficiency
- The total asset turnover ratio remained relatively stable and robust from 2005 through 2019, generally fluctuating between 1.52 and 1.86. The efficiency peak occurred in 2016 with a ratio of 1.86, indicating that the organization was maximizing its asset base to generate sales during this timeframe.
- Recent Operational Decline
- A sharp reversal in performance is observed starting in 2019. Net sales declined precipitously from 12.03 billion in 2018 to 7.87 billion by 2022. This contraction led to a significant drop in asset turnover, which fell to 1.43 in 2020 and 2021, marking the lowest efficiency levels in the analyzed period. While the ratio saw a slight recovery to 1.53 in 2022, it remains below the historical averages maintained between 2005 and 2019.
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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).