Analysis of Long-term (Investment) Activity Ratios
Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.
Long-term Activity Ratios (Summary)
Bed Bath & Beyond Inc., long-term (investment) activity ratios
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).
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | Bed Bath & Beyond Inc. net fixed asset turnover ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022. |
| Net fixed asset turnover (including operating lease, right-of-use asset) | An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). | Bed Bath & Beyond Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022. |
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | Bed Bath & Beyond Inc. total asset turnover ratio deteriorated from 2020 to 2021 but then improved from 2021 to 2022 exceeding 2020 level. |
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | Bed Bath & Beyond Inc. equity turnover ratio improved from 2020 to 2021 and from 2021 to 2022. |
Net Fixed Asset Turnover
Bed Bath & Beyond Inc., net fixed asset turnover calculation, comparison to benchmarks
| Feb 26, 2022 | Feb 27, 2021 | Feb 29, 2020 | Mar 2, 2019 | Mar 3, 2018 | Feb 25, 2017 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Net sales | 7,867,778) | 9,233,028) | 11,158,580) | 12,028,797) | 12,349,301) | 12,215,757) | |
| Property and equipment, net | 1,027,387) | 918,418) | 1,430,604) | 1,853,091) | 1,909,289) | 1,837,129) | |
| Long-term Activity Ratio | |||||||
| Net fixed asset turnover1 | 7.66 | 10.05 | 7.80 | 6.49 | 6.47 | 6.65 | |
| Benchmarks | |||||||
| Net Fixed Asset Turnover, Competitors2 | |||||||
| Amazon.com Inc. | 2.75 | 2.93 | 3.41 | 3.86 | — | — | |
| Home Depot Inc. | 6.00 | 5.35 | 4.84 | 4.84 | — | — | |
| Lowe’s Cos. Inc. | 5.05 | 4.68 | 3.86 | 3.87 | — | — | |
| TJX Cos. Inc. | 9.21 | 6.38 | 7.83 | 7.42 | — | — | |
| Net Fixed Asset Turnover, Sector | |||||||
| Consumer Discretionary Distribution & Retail | 3.43 | 3.46 | 3.82 | 4.20 | — | — | |
| Net Fixed Asset Turnover, Industry | |||||||
| Consumer Discretionary | 3.18 | 2.98 | 2.99 | 3.28 | — | — | |
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).
1 2022 Calculation
Net fixed asset turnover = Net sales ÷ Property and equipment, net
= 7,867,778 ÷ 1,027,387 = 7.66
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | Bed Bath & Beyond Inc. net fixed asset turnover ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022. |
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)
Bed Bath & Beyond Inc., net fixed asset turnover (including operating lease, right-of-use asset) calculation, comparison to benchmarks
| Feb 26, 2022 | Feb 27, 2021 | Feb 29, 2020 | Mar 2, 2019 | Mar 3, 2018 | Feb 25, 2017 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Net sales | 7,867,778) | 9,233,028) | 11,158,580) | 12,028,797) | 12,349,301) | 12,215,757) | |
| Property and equipment, net | 1,027,387) | 918,418) | 1,430,604) | 1,853,091) | 1,909,289) | 1,837,129) | |
| Operating lease assets | 1,562,857) | 1,587,101) | 2,006,966) | —) | —) | —) | |
| Property and equipment, net (including operating lease, right-of-use asset) | 2,590,244) | 2,505,519) | 3,437,570) | 1,853,091) | 1,909,289) | 1,837,129) | |
| Long-term Activity Ratio | |||||||
| Net fixed asset turnover (including operating lease, right-of-use asset)1 | 3.04 | 3.69 | 3.25 | 6.49 | 6.47 | 6.65 | |
| Benchmarks | |||||||
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2 | |||||||
| Amazon.com Inc. | 2.03 | 2.17 | 2.56 | 2.87 | — | — | |
| Home Depot Inc. | 4.85 | 4.31 | 3.89 | 4.84 | — | — | |
| Lowe’s Cos. Inc. | 4.15 | 3.90 | 3.20 | 3.87 | — | — | |
| TJX Cos. Inc. | 3.44 | 2.29 | 2.90 | 7.42 | — | — | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector | |||||||
| Consumer Discretionary Distribution & Retail | 2.52 | 2.55 | 2.83 | 3.47 | — | — | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry | |||||||
| Consumer Discretionary | 2.48 | 2.32 | 2.34 | 2.83 | — | — | |
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).
1 2022 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset) = Net sales ÷ Property and equipment, net (including operating lease, right-of-use asset)
= 7,867,778 ÷ 2,590,244 = 3.04
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover (including operating lease, right-of-use asset) | An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). | Bed Bath & Beyond Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022. |
Total Asset Turnover
Bed Bath & Beyond Inc., total asset turnover calculation, comparison to benchmarks
| Feb 26, 2022 | Feb 27, 2021 | Feb 29, 2020 | Mar 2, 2019 | Mar 3, 2018 | Feb 25, 2017 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Net sales | 7,867,778) | 9,233,028) | 11,158,580) | 12,028,797) | 12,349,301) | 12,215,757) | |
| Total assets | 5,130,572) | 6,456,930) | 7,790,515) | 6,570,541) | 7,040,806) | 6,846,029) | |
| Long-term Activity Ratio | |||||||
| Total asset turnover1 | 1.53 | 1.43 | 1.43 | 1.83 | 1.75 | 1.78 | |
| Benchmarks | |||||||
| Total Asset Turnover, Competitors2 | |||||||
| Amazon.com Inc. | 1.11 | 1.12 | 1.20 | 1.25 | — | — | |
| Home Depot Inc. | 2.10 | 1.87 | 2.15 | 2.46 | — | — | |
| Lowe’s Cos. Inc. | 2.16 | 1.92 | 1.83 | 2.07 | — | — | |
| TJX Cos. Inc. | 1.71 | 1.04 | 1.73 | 2.72 | — | — | |
| Total Asset Turnover, Sector | |||||||
| Consumer Discretionary Distribution & Retail | 1.33 | 1.27 | 1.40 | 1.57 | — | — | |
| Total Asset Turnover, Industry | |||||||
| Consumer Discretionary | 0.93 | 0.84 | 0.81 | 0.92 | — | — | |
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).
1 2022 Calculation
Total asset turnover = Net sales ÷ Total assets
= 7,867,778 ÷ 5,130,572 = 1.53
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | Bed Bath & Beyond Inc. total asset turnover ratio deteriorated from 2020 to 2021 but then improved from 2021 to 2022 exceeding 2020 level. |
Equity Turnover
Bed Bath & Beyond Inc., equity turnover calculation, comparison to benchmarks
| Feb 26, 2022 | Feb 27, 2021 | Feb 29, 2020 | Mar 2, 2019 | Mar 3, 2018 | Feb 25, 2017 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Net sales | 7,867,778) | 9,233,028) | 11,158,580) | 12,028,797) | 12,349,301) | 12,215,757) | |
| Shareholders’ equity | 174,145) | 1,276,936) | 1,764,935) | 2,560,331) | 2,888,628) | 2,719,277) | |
| Long-term Activity Ratio | |||||||
| Equity turnover1 | 45.18 | 7.23 | 6.32 | 4.70 | 4.28 | 4.49 | |
| Benchmarks | |||||||
| Equity Turnover, Competitors2 | |||||||
| Amazon.com Inc. | 3.52 | 3.40 | 4.13 | 4.52 | — | — | |
| Home Depot Inc. | — | 40.05 | — | — | — | — | |
| Lowe’s Cos. Inc. | — | 62.35 | 36.59 | 19.57 | — | — | |
| TJX Cos. Inc. | 8.09 | 5.51 | 7.01 | 7.72 | — | — | |
| Equity Turnover, Sector | |||||||
| Consumer Discretionary Distribution & Retail | 5.57 | 4.86 | 6.21 | 7.25 | — | — | |
| Equity Turnover, Industry | |||||||
| Consumer Discretionary | 4.15 | 3.60 | 4.40 | 5.13 | — | — | |
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).
1 2022 Calculation
Equity turnover = Net sales ÷ Shareholders’ equity
= 7,867,778 ÷ 174,145 = 45.18
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | Bed Bath & Beyond Inc. equity turnover ratio improved from 2020 to 2021 and from 2021 to 2022. |