Total Asset Turnover
since 2005
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Costco Wholesale Corp. pages available for free this week:
- Cash Flow Statement
- Analysis of Solvency Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Price to FCFE (P/FCFE)
- Net Profit Margin since 2005
- Operating Profit Margin since 2005
- Return on Assets (ROA) since 2005
- Debt to Equity since 2005
- Price to Operating Profit (P/OP) since 2005
- Analysis of Debt
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Calculation
Costco Wholesale Corp., total asset turnover, long-term trends, calculation
| Total asset turnover | = | Net sales1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|
| Aug 31, 2025 | = | ÷ | |||
| Sep 1, 2024 | = | ÷ | |||
| Sep 3, 2023 | = | ÷ | |||
| Aug 28, 2022 | = | ÷ | |||
| Aug 29, 2021 | = | ÷ | |||
| Aug 30, 2020 | = | ÷ | |||
| Sep 1, 2019 | = | ÷ | |||
| Sep 2, 2018 | = | ÷ | |||
| Sep 3, 2017 | = | ÷ | |||
| Aug 28, 2016 | = | ÷ | |||
| Aug 30, 2015 | = | ÷ | |||
| Aug 31, 2014 | = | ÷ | |||
| Sep 1, 2013 | = | ÷ | |||
| Sep 2, 2012 | = | ÷ | |||
| Aug 28, 2011 | = | ÷ | |||
| Aug 29, 2010 | = | ÷ | |||
| Aug 30, 2009 | = | ÷ | |||
| Aug 31, 2008 | = | ÷ | |||
| Sep 2, 2007 | = | ÷ | |||
| Sep 3, 2006 | = | ÷ | |||
| Aug 28, 2005 | = | ÷ |
Based on: 10-K (reporting date: 2025-08-31), 10-K (reporting date: 2024-09-01), 10-K (reporting date: 2023-09-03), 10-K (reporting date: 2022-08-28), 10-K (reporting date: 2021-08-29), 10-K (reporting date: 2020-08-30), 10-K (reporting date: 2019-09-01), 10-K (reporting date: 2018-09-02), 10-K (reporting date: 2017-09-03), 10-K (reporting date: 2016-08-28), 10-K (reporting date: 2015-08-30), 10-K (reporting date: 2014-08-31), 10-K (reporting date: 2013-09-01), 10-K (reporting date: 2012-09-02), 10-K (reporting date: 2011-08-28), 10-K (reporting date: 2010-08-29), 10-K (reporting date: 2009-08-30), 10-K (reporting date: 2008-08-31), 10-K (reporting date: 2007-09-02), 10-K (reporting date: 2006-09-03), 10-K (reporting date: 2005-08-28).
1 US$ in millions
The financial analysis reveals consistent growth in net sales over the observed period, increasing from $51,862 million to $269,912 million. This steady upward trend indicates robust revenue expansion and successful market penetration or volume growth strategies. The growth in net sales is particularly notable from 2017 onward, where the figures show an accelerated increase, suggesting enhanced operational or market conditions supporting revenue enlargement.
Total assets have similarly experienced an upward trajectory, rising from $16,514 million to $77,099 million. The increase in total assets aligns with the growth in net sales, reflecting ongoing investment and asset accumulation to support expanding business operations. Notably, the asset base grew gradually in the early years and then surged more significantly starting around 2017, indicating possible capital expenditure, acquisitions, or infrastructure development initiatives corresponding with revenue growth.
The total asset turnover ratio has exhibited fluctuations throughout the period but generally remains within a moderately high range, varying between 2.94 and 3.58. Initially, the ratio showed some volatility but stabilized around an average of approximately 3.3. This ratio's persistence at relatively high levels suggests efficient utilization of assets to generate sales. Despite a dip around 2020, the ratio recovers in subsequent years, implying improved operational efficiency or increased asset productivity.
Overall, the trends imply a company experiencing substantial expansion in scale and sales, supported by increased asset investment while maintaining effective asset use. The combination of rising net sales and total assets with a stable total asset turnover ratio reflects balanced growth with consistent management of asset efficiency over time.
- Net Sales
- Steady and substantial growth over the entire period, with acceleration in recent years, indicating expanding revenue streams and market reach.
- Total Assets
- Progressive increase reflecting reinvestment in business infrastructure and expansion, particularly marked after 2017.
- Total Asset Turnover
- Consistently high with fluctuations; indicates effective use of assets to generate revenue, despite minor declines, with recovery showing operational efficiency.
Comparison to Competitors
Costco Wholesale Corp., total asset turnover, long-term trends, comparison to competitors
| Costco Wholesale Corp. | Target Corp. | Walmart Inc. | |
|---|---|---|---|
| Aug 31, 2025 | |||
| Sep 1, 2024 | |||
| Sep 3, 2023 | |||
| Aug 28, 2022 | |||
| Aug 29, 2021 | |||
| Aug 30, 2020 | |||
| Sep 1, 2019 | |||
| Sep 2, 2018 | |||
| Sep 3, 2017 | |||
| Aug 28, 2016 | |||
| Aug 30, 2015 | |||
| Aug 31, 2014 | |||
| Sep 1, 2013 | |||
| Sep 2, 2012 | |||
| Aug 28, 2011 | |||
| Aug 29, 2010 | |||
| Aug 30, 2009 | |||
| Aug 31, 2008 | |||
| Sep 2, 2007 | |||
| Sep 3, 2006 | |||
| Aug 28, 2005 |
Based on: 10-K (reporting date: 2025-08-31), 10-K (reporting date: 2024-09-01), 10-K (reporting date: 2023-09-03), 10-K (reporting date: 2022-08-28), 10-K (reporting date: 2021-08-29), 10-K (reporting date: 2020-08-30), 10-K (reporting date: 2019-09-01), 10-K (reporting date: 2018-09-02), 10-K (reporting date: 2017-09-03), 10-K (reporting date: 2016-08-28), 10-K (reporting date: 2015-08-30), 10-K (reporting date: 2014-08-31), 10-K (reporting date: 2013-09-01), 10-K (reporting date: 2012-09-02), 10-K (reporting date: 2011-08-28), 10-K (reporting date: 2010-08-29), 10-K (reporting date: 2009-08-30), 10-K (reporting date: 2008-08-31), 10-K (reporting date: 2007-09-02), 10-K (reporting date: 2006-09-03), 10-K (reporting date: 2005-08-28).
Comparison to Sector (Consumer Staples Distribution & Retail)
Costco Wholesale Corp., total asset turnover, long-term trends, comparison to sector (consumer staples distribution & retail)
| Costco Wholesale Corp. | Consumer Staples Distribution & Retail | |
|---|---|---|
| Aug 31, 2025 | ||
| Sep 1, 2024 | ||
| Sep 3, 2023 | ||
| Aug 28, 2022 | ||
| Aug 29, 2021 | ||
| Aug 30, 2020 | ||
| Sep 1, 2019 | ||
| Sep 2, 2018 | ||
| Sep 3, 2017 | ||
| Aug 28, 2016 | ||
| Aug 30, 2015 | ||
| Aug 31, 2014 | ||
| Sep 1, 2013 | ||
| Sep 2, 2012 | ||
| Aug 28, 2011 | ||
| Aug 29, 2010 | ||
| Aug 30, 2009 | ||
| Aug 31, 2008 | ||
| Sep 2, 2007 | ||
| Sep 3, 2006 | ||
| Aug 28, 2005 |
Based on: 10-K (reporting date: 2025-08-31), 10-K (reporting date: 2024-09-01), 10-K (reporting date: 2023-09-03), 10-K (reporting date: 2022-08-28), 10-K (reporting date: 2021-08-29), 10-K (reporting date: 2020-08-30), 10-K (reporting date: 2019-09-01), 10-K (reporting date: 2018-09-02), 10-K (reporting date: 2017-09-03), 10-K (reporting date: 2016-08-28), 10-K (reporting date: 2015-08-30), 10-K (reporting date: 2014-08-31), 10-K (reporting date: 2013-09-01), 10-K (reporting date: 2012-09-02), 10-K (reporting date: 2011-08-28), 10-K (reporting date: 2010-08-29), 10-K (reporting date: 2009-08-30), 10-K (reporting date: 2008-08-31), 10-K (reporting date: 2007-09-02), 10-K (reporting date: 2006-09-03), 10-K (reporting date: 2005-08-28).
Comparison to Industry (Consumer Staples)
Costco Wholesale Corp., total asset turnover, long-term trends, comparison to industry (consumer staples)
| Costco Wholesale Corp. | Consumer Staples | |
|---|---|---|
| Aug 31, 2025 | ||
| Sep 1, 2024 | ||
| Sep 3, 2023 | ||
| Aug 28, 2022 | ||
| Aug 29, 2021 | ||
| Aug 30, 2020 | ||
| Sep 1, 2019 | ||
| Sep 2, 2018 | ||
| Sep 3, 2017 | ||
| Aug 28, 2016 | ||
| Aug 30, 2015 | ||
| Aug 31, 2014 | ||
| Sep 1, 2013 | ||
| Sep 2, 2012 | ||
| Aug 28, 2011 | ||
| Aug 29, 2010 | ||
| Aug 30, 2009 | ||
| Aug 31, 2008 | ||
| Sep 2, 2007 | ||
| Sep 3, 2006 | ||
| Aug 28, 2005 |
Based on: 10-K (reporting date: 2025-08-31), 10-K (reporting date: 2024-09-01), 10-K (reporting date: 2023-09-03), 10-K (reporting date: 2022-08-28), 10-K (reporting date: 2021-08-29), 10-K (reporting date: 2020-08-30), 10-K (reporting date: 2019-09-01), 10-K (reporting date: 2018-09-02), 10-K (reporting date: 2017-09-03), 10-K (reporting date: 2016-08-28), 10-K (reporting date: 2015-08-30), 10-K (reporting date: 2014-08-31), 10-K (reporting date: 2013-09-01), 10-K (reporting date: 2012-09-02), 10-K (reporting date: 2011-08-28), 10-K (reporting date: 2010-08-29), 10-K (reporting date: 2009-08-30), 10-K (reporting date: 2008-08-31), 10-K (reporting date: 2007-09-02), 10-K (reporting date: 2006-09-03), 10-K (reporting date: 2005-08-28).