Total Asset Turnover
since 2005
Calculation
Dollar Tree Inc., total asset turnover, long-term trends, calculation
| Total asset turnover | = | Net sales1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|
| Jan 29, 2022 | 1.21 | = | 26,309,800) | ÷ | 21,721,800) |
| Jan 30, 2021 | 1.23 | = | 25,508,400) | ÷ | 20,696,000) |
| Feb 1, 2020 | 1.21 | = | 23,610,800) | ÷ | 19,574,600) |
| Feb 2, 2019 | 1.69 | = | 22,823,300) | ÷ | 13,501,200) |
| Feb 3, 2018 | 1.36 | = | 22,245,500) | ÷ | 16,332,800) |
| Jan 28, 2017 | 1.32 | = | 20,719,200) | ÷ | 15,701,600) |
| Jan 30, 2016 | 0.97 | = | 15,498,400) | ÷ | 15,901,200) |
| Jan 31, 2015 | 2.41 | = | 8,602,200) | ÷ | 3,567,000) |
| Feb 1, 2014 | 2.83 | = | 7,840,300) | ÷ | 2,771,900) |
| Feb 2, 2013 | 2.69 | = | 7,394,500) | ÷ | 2,752,000) |
| Jan 28, 2012 | 2.85 | = | 6,630,500) | ÷ | 2,328,600) |
| Jan 29, 2011 | 2.47 | = | 5,882,400) | ÷ | 2,380,500) |
| Jan 30, 2010 | 2.28 | = | 5,231,200) | ÷ | 2,289,700) |
| Jan 31, 2009 | 2.28 | = | 4,644,900) | ÷ | 2,035,700) |
| Feb 2, 2008 | 2.37 | = | 4,242,600) | ÷ | 1,787,700) |
| Feb 3, 2007 | 2.12 | = | 3,969,400) | ÷ | 1,873,300) |
| Jan 28, 2006 | 1.89 | = | 3,393,924) | ÷ | 1,798,400) |
| Jan 29, 2005 | 1.74 | = | 3,126,009) | ÷ | 1,792,672) |
Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-K (reporting date: 2013-02-02), 10-K (reporting date: 2012-01-28), 10-K (reporting date: 2011-01-29), 10-K (reporting date: 2010-01-30), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-02-02), 10-K (reporting date: 2007-02-03), 10-K (reporting date: 2006-01-28), 10-K (reporting date: 2005-01-29).
1 US$ in thousands
The total asset turnover ratio exhibits three distinct phases between 2005 and 2022, reflecting a significant shift in the company's asset base and operational efficiency. An initial period of efficiency growth was followed by a sharp decline coinciding with a massive increase in total assets, ending in a period of relative stabilization at a lower baseline.
- Efficiency Expansion (2005–2014)
- During this period, a consistent upward trend in asset utilization is observed. The total asset turnover ratio rose from 1.74 in 2005 to a peak of 2.85 in 2012. This growth was driven by net sales increasing from approximately 3.1 billion to 7.8 billion, while total assets remained relatively lean, staying below 3.6 billion. This indicates a high capacity to generate incremental revenue without a proportional increase in the asset base.
- Structural Asset Shift (2015–2016)
- A dramatic pivot occurred between 2014 and 2016. Total assets surged from 2.77 billion in 2014 to 15.9 billion in 2015, representing a nearly six-fold increase. Although net sales also grew substantially, reaching 20.7 billion by 2016, the growth in the asset base far outpaced sales growth. Consequently, the total asset turnover ratio collapsed from 2.83 in 2014 to a low of 0.97 in 2016, signaling a significant decrease in the efficiency of asset employment.
- Stabilization and New Baseline (2017–2022)
- Following the structural shift, the ratio experienced moderate volatility but failed to return to pre-2015 levels. A temporary recovery peaked at 1.69 in 2019, coinciding with a dip in total assets to 13.5 billion. However, as total assets climbed back to 21.7 billion by 2022, the asset turnover ratio stabilized between 1.21 and 1.23. This suggests that the company transitioned to a new operating model with a significantly larger asset footprint and a lower corresponding turnover rate.
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Comparison to Competitors
Dollar Tree Inc., total asset turnover, long-term trends, comparison to competitors
| Dollar Tree Inc. | Costco Wholesale Corp. | Target Corp. | Walmart Inc. | |
|---|---|---|---|---|
| Jan 29, 2022 | 1.21 | 3.47 | 1.97 | 2.32 |
| Jan 30, 2021 | 1.23 | 3.24 | 1.83 | 2.20 |
| Feb 1, 2020 | 1.21 | 2.94 | 1.83 | 2.20 |
| Feb 2, 2019 | 1.69 | 3.29 | 1.83 | 2.33 |
| Feb 3, 2018 | 1.36 | 3.39 | 1.84 | 2.42 |
| Jan 28, 2017 | 1.32 | 3.47 | 1.86 | 2.42 |
| Jan 30, 2016 | 0.97 | 3.50 | 1.83 | 2.40 |
| Jan 31, 2015 | 2.41 | 3.40 | 1.75 | 2.37 |
| Feb 1, 2014 | 2.83 | 3.34 | 1.63 | 2.31 |
| Feb 2, 2013 | 2.69 | 3.40 | 1.52 | 2.29 |
| Jan 28, 2012 | 2.85 | 3.58 | 1.50 | 2.29 |
| Jan 29, 2011 | 2.47 | 3.25 | 1.54 | 2.32 |
| Jan 30, 2010 | 2.28 | 3.20 | 1.47 | 2.37 |
| Jan 31, 2009 | 2.28 | 3.18 | 1.47 | 2.46 |
| Feb 2, 2008 | 2.37 | 3.43 | 1.42 | 2.29 |
| Feb 3, 2007 | 2.12 | 3.22 | 1.59 | 2.28 |
| Jan 28, 2006 | 1.89 | 3.37 | 1.50 | 2.26 |
| Jan 29, 2005 | 1.74 | 3.14 | 1.45 | 2.37 |
Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-K (reporting date: 2013-02-02), 10-K (reporting date: 2012-01-28), 10-K (reporting date: 2011-01-29), 10-K (reporting date: 2010-01-30), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-02-02), 10-K (reporting date: 2007-02-03), 10-K (reporting date: 2006-01-28), 10-K (reporting date: 2005-01-29).
Comparison to Sector (Consumer Staples Distribution & Retail)
Dollar Tree Inc., total asset turnover, long-term trends, comparison to sector (consumer staples distribution & retail)
| Dollar Tree Inc. | Consumer Staples Distribution & Retail | |
|---|---|---|
| Jan 29, 2022 | 1.21 | 2.47 |
| Jan 30, 2021 | 1.23 | 2.32 |
| Feb 1, 2020 | 1.21 | 2.27 |
| Feb 2, 2019 | 1.69 | 2.40 |
| Feb 3, 2018 | 1.36 | 2.48 |
| Jan 28, 2017 | 1.32 | 2.48 |
| Jan 30, 2016 | 0.97 | 2.45 |
| Jan 31, 2015 | 2.41 | 2.40 |
| Feb 1, 2014 | 2.83 | 2.32 |
| Feb 2, 2013 | 2.69 | 2.28 |
| Jan 28, 2012 | 2.85 | 2.29 |
| Jan 29, 2011 | 2.47 | 2.28 |
| Jan 30, 2010 | 2.28 | 2.29 |
| Jan 31, 2009 | 2.28 | 2.34 |
| Feb 2, 2008 | 2.37 | 2.22 |
| Feb 3, 2007 | 2.12 | 2.25 |
| Jan 28, 2006 | 1.89 | 2.22 |
| Jan 29, 2005 | 1.74 | 2.27 |
Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-K (reporting date: 2013-02-02), 10-K (reporting date: 2012-01-28), 10-K (reporting date: 2011-01-29), 10-K (reporting date: 2010-01-30), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-02-02), 10-K (reporting date: 2007-02-03), 10-K (reporting date: 2006-01-28), 10-K (reporting date: 2005-01-29).
Comparison to Industry (Consumer Staples)
Dollar Tree Inc., total asset turnover, long-term trends, comparison to industry (consumer staples)
| Dollar Tree Inc. | Consumer Staples | |
|---|---|---|
| Jan 29, 2022 | 1.21 | 1.47 |
| Jan 30, 2021 | 1.23 | 1.41 |
| Feb 1, 2020 | 1.21 | 1.32 |
| Feb 2, 2019 | 1.69 | 1.39 |
| Feb 3, 2018 | 1.36 | 1.39 |
| Jan 28, 2017 | 1.32 | 1.34 |
| Jan 30, 2016 | 0.97 | 1.35 |
| Jan 31, 2015 | 2.41 | 1.37 |
| Feb 1, 2014 | 2.83 | 1.32 |
| Feb 2, 2013 | 2.69 | 1.30 |
| Jan 28, 2012 | 2.85 | 1.30 |
| Jan 29, 2011 | 2.47 | 1.27 |
| Jan 30, 2010 | 2.28 | 1.24 |
| Jan 31, 2009 | 2.28 | 1.36 |
| Feb 2, 2008 | 2.37 | 1.35 |
| Feb 3, 2007 | 2.12 | 1.32 |
| Jan 28, 2006 | 1.89 | 1.33 |
| Jan 29, 2005 | 1.74 | 1.52 |
Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-K (reporting date: 2013-02-02), 10-K (reporting date: 2012-01-28), 10-K (reporting date: 2011-01-29), 10-K (reporting date: 2010-01-30), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-02-02), 10-K (reporting date: 2007-02-03), 10-K (reporting date: 2006-01-28), 10-K (reporting date: 2005-01-29).