Total Asset Turnover
since 2005
Calculation
Costco Wholesale Corp., total asset turnover, long-term trends, calculation
| Total asset turnover | = | Net sales1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|
| Aug 30, 2026 | 3.34 | = | 297,247) | ÷ | 89,045) |
| Aug 31, 2025 | 3.50 | = | 269,912) | ÷ | 77,099) |
| Sep 1, 2024 | 3.57 | = | 249,625) | ÷ | 69,831) |
| Sep 3, 2023 | 3.45 | = | 237,710) | ÷ | 68,994) |
| Aug 28, 2022 | 3.47 | = | 222,730) | ÷ | 64,166) |
| Aug 29, 2021 | 3.24 | = | 192,052) | ÷ | 59,268) |
| Aug 30, 2020 | 2.94 | = | 163,220) | ÷ | 55,556) |
| Sep 1, 2019 | 3.29 | = | 149,351) | ÷ | 45,400) |
| Sep 2, 2018 | 3.39 | = | 138,434) | ÷ | 40,830) |
| Sep 3, 2017 | 3.47 | = | 126,172) | ÷ | 36,347) |
| Aug 28, 2016 | 3.50 | = | 116,073) | ÷ | 33,163) |
| Aug 30, 2015 | 3.40 | = | 113,666) | ÷ | 33,440) |
| Aug 31, 2014 | 3.34 | = | 110,212) | ÷ | 33,024) |
| Sep 1, 2013 | 3.40 | = | 102,870) | ÷ | 30,283) |
| Sep 2, 2012 | 3.58 | = | 97,062) | ÷ | 27,140) |
| Aug 28, 2011 | 3.25 | = | 87,048) | ÷ | 26,761) |
| Aug 29, 2010 | 3.20 | = | 76,255) | ÷ | 23,815) |
| Aug 30, 2009 | 3.18 | = | 69,889) | ÷ | 21,979) |
| Aug 31, 2008 | 3.43 | = | 70,977) | ÷ | 20,682) |
| Sep 2, 2007 | 3.22 | = | 63,088) | ÷ | 19,607) |
| Sep 3, 2006 | 3.37 | = | 58,963) | ÷ | 17,495) |
| Aug 28, 2005 | 3.14 | = | 51,862) | ÷ | 16,514) |
Based on: 10-K (reporting date: 2026-08-30), 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 analysis of financial performance from 2005 through 2026 indicates a consistent ability to scale operations while maintaining high asset efficiency. Net sales have exhibited a sustained upward trajectory, growing from 51,862 million USD to a projected 297,247 million USD. Total assets increased concurrently from 16,514 million USD to 89,045 million USD, ensuring that the expansion of the asset base effectively supported the growth in revenue.
- Asset Turnover Stability
- The total asset turnover ratio has remained remarkably stable over the two-decade period, generally fluctuating between 3.14 and 3.58. This consistency suggests a disciplined approach to asset management and a scalable operational model where revenue generation is closely aligned with capital investment.
- Performance Volatility and Recovery
- A notable decline in asset turnover occurred in 2020, where the ratio dropped to a period low of 2.94. This represents a temporary deviation from the long-term average. However, a swift recovery followed, with the ratio returning to 3.24 in 2021 and climbing to 3.57 by 2023, demonstrating resilience in operational efficiency.
- Long-term Efficiency Trends
- Between 2012 and 2024, the ratio frequently maintained levels above 3.30, with peaks observed in 2012 (3.58) and 2023 (3.57). The projected figures for 2025 and 2026 suggest a continued stabilization of the turnover ratio between 3.34 and 3.50, indicating an expectation that historical efficiency levels will be preserved despite the continued increase in the total asset base.
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Comparison to Competitors
Costco Wholesale Corp., total asset turnover, long-term trends, comparison to competitors
| Costco Wholesale Corp. | Target Corp. | Walmart Inc. | |
|---|---|---|---|
| Aug 30, 2026 | 3.34 | 1.76 | 2.48 |
| Aug 31, 2025 | 3.50 | 1.84 | 2.59 |
| Sep 1, 2024 | 3.57 | 1.94 | 2.55 |
| Sep 3, 2023 | 3.45 | 2.05 | 2.49 |
| Aug 28, 2022 | 3.47 | 1.97 | 2.32 |
| Aug 29, 2021 | 3.24 | 1.83 | 2.20 |
| Aug 30, 2020 | 2.94 | 1.83 | 2.20 |
| Sep 1, 2019 | 3.29 | 1.83 | 2.33 |
| Sep 2, 2018 | 3.39 | 1.84 | 2.42 |
| Sep 3, 2017 | 3.47 | 1.86 | 2.42 |
| Aug 28, 2016 | 3.50 | 1.83 | 2.40 |
| Aug 30, 2015 | 3.40 | 1.75 | 2.37 |
| Aug 31, 2014 | 3.34 | 1.63 | 2.31 |
| Sep 1, 2013 | 3.40 | 1.52 | 2.29 |
| Sep 2, 2012 | 3.58 | 1.50 | 2.29 |
| Aug 28, 2011 | 3.25 | 1.54 | 2.32 |
| Aug 29, 2010 | 3.20 | 1.47 | 2.37 |
| Aug 30, 2009 | 3.18 | 1.47 | 2.46 |
| Aug 31, 2008 | 3.43 | 1.42 | 2.29 |
| Sep 2, 2007 | 3.22 | 1.59 | 2.28 |
| Sep 3, 2006 | 3.37 | 1.50 | 2.26 |
| Aug 28, 2005 | 3.14 | 1.45 | 2.37 |
Based on: 10-K (reporting date: 2026-08-30), 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 30, 2026 | 3.34 | — |
| Aug 31, 2025 | 3.50 | 2.66 |
| Sep 1, 2024 | 3.57 | 2.65 |
| Sep 3, 2023 | 3.45 | 2.61 |
| Aug 28, 2022 | 3.47 | 2.47 |
| Aug 29, 2021 | 3.24 | 2.32 |
| Aug 30, 2020 | 2.94 | 2.27 |
| Sep 1, 2019 | 3.29 | 2.40 |
| Sep 2, 2018 | 3.39 | 2.48 |
| Sep 3, 2017 | 3.47 | 2.48 |
| Aug 28, 2016 | 3.50 | 2.45 |
| Aug 30, 2015 | 3.40 | 2.40 |
| Aug 31, 2014 | 3.34 | 2.32 |
| Sep 1, 2013 | 3.40 | 2.28 |
| Sep 2, 2012 | 3.58 | 2.29 |
| Aug 28, 2011 | 3.25 | 2.28 |
| Aug 29, 2010 | 3.20 | 2.29 |
| Aug 30, 2009 | 3.18 | 2.34 |
| Aug 31, 2008 | 3.43 | 2.22 |
| Sep 2, 2007 | 3.22 | 2.25 |
| Sep 3, 2006 | 3.37 | 2.22 |
| Aug 28, 2005 | 3.14 | 2.27 |
Based on: 10-K (reporting date: 2026-08-30), 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 30, 2026 | 3.34 | — |
| Aug 31, 2025 | 3.50 | 1.55 |
| Sep 1, 2024 | 3.57 | 1.56 |
| Sep 3, 2023 | 3.45 | 1.51 |
| Aug 28, 2022 | 3.47 | 1.47 |
| Aug 29, 2021 | 3.24 | 1.41 |
| Aug 30, 2020 | 2.94 | 1.32 |
| Sep 1, 2019 | 3.29 | 1.39 |
| Sep 2, 2018 | 3.39 | 1.39 |
| Sep 3, 2017 | 3.47 | 1.34 |
| Aug 28, 2016 | 3.50 | 1.35 |
| Aug 30, 2015 | 3.40 | 1.37 |
| Aug 31, 2014 | 3.34 | 1.32 |
| Sep 1, 2013 | 3.40 | 1.30 |
| Sep 2, 2012 | 3.58 | 1.30 |
| Aug 28, 2011 | 3.25 | 1.27 |
| Aug 29, 2010 | 3.20 | 1.24 |
| Aug 30, 2009 | 3.18 | 1.36 |
| Aug 31, 2008 | 3.43 | 1.35 |
| Sep 2, 2007 | 3.22 | 1.32 |
| Sep 3, 2006 | 3.37 | 1.33 |
| Aug 28, 2005 | 3.14 | 1.52 |
Based on: 10-K (reporting date: 2026-08-30), 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).