Total Asset Turnover
since 2005
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Calculation
Dollar Tree Inc., total asset turnover, long-term trends, calculation
| Total asset turnover | = | Net sales1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|
| Jan 29, 2022 | = | ÷ | |||
| Jan 30, 2021 | = | ÷ | |||
| Feb 1, 2020 | = | ÷ | |||
| Feb 2, 2019 | = | ÷ | |||
| Feb 3, 2018 | = | ÷ | |||
| Jan 28, 2017 | = | ÷ | |||
| Jan 30, 2016 | = | ÷ | |||
| Jan 31, 2015 | = | ÷ | |||
| Feb 1, 2014 | = | ÷ | |||
| Feb 2, 2013 | = | ÷ | |||
| Jan 28, 2012 | = | ÷ | |||
| Jan 29, 2011 | = | ÷ | |||
| Jan 30, 2010 | = | ÷ | |||
| Jan 31, 2009 | = | ÷ | |||
| Feb 2, 2008 | = | ÷ | |||
| Feb 3, 2007 | = | ÷ | |||
| Jan 28, 2006 | = | ÷ | |||
| Jan 29, 2005 | = | ÷ |
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 analysis of the financial data over an 18-year period reveals significant developments in key financial indicators.
- Net Sales
- Net sales exhibited a consistent upward trajectory, increasing from approximately $3.13 billion in 2005 to about $26.31 billion in 2022. This reflects strong and sustained revenue growth, with particularly notable jumps observed in the years 2016 and thereafter.
- Total Assets
- Total assets showed a more varied pattern. From 2005 to 2015, assets grew moderately from $1.79 billion to around $3.57 billion. However, there was a substantial increase starting in 2016 when total assets soared to approximately $15.90 billion. Following this jump, assets continued to increase steadily, reaching $21.72 billion by 2022. This significant asset growth in the later years suggests major investments or acquisitions contributing to the company's asset base.
- Total Asset Turnover
- The total asset turnover ratio, which measures how efficiently assets generate sales, generally declined over the period. Initially, turnover improved from 1.74 in 2005 to a peak of 2.85 in 2012, indicating increasing efficiency. After 2012, the ratio declined sharply to 0.97 in 2016, coinciding with the sharp increase in total assets. Although there was some recovery to levels around 1.2 to 1.7 in subsequent years, the turnover ratio remained significantly below earlier peaks. This suggests that while the company expanded its asset base substantially, the efficiency in utilizing these assets to generate sales decreased, or the expansion could have included lower-turnover assets.
Overall, the data indicate robust sales growth and a marked expansion of the asset base, especially after 2015. However, the decline in asset turnover ratio after 2012 points to a reduction in asset utilization efficiency during the period of rapid growth. This pattern may warrant further investigation into the cost-effectiveness of the company's recent investments and asset management strategies.
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 | ||||
| Jan 30, 2021 | ||||
| Feb 1, 2020 | ||||
| Feb 2, 2019 | ||||
| Feb 3, 2018 | ||||
| Jan 28, 2017 | ||||
| Jan 30, 2016 | ||||
| Jan 31, 2015 | ||||
| Feb 1, 2014 | ||||
| Feb 2, 2013 | ||||
| Jan 28, 2012 | ||||
| Jan 29, 2011 | ||||
| Jan 30, 2010 | ||||
| Jan 31, 2009 | ||||
| Feb 2, 2008 | ||||
| Feb 3, 2007 | ||||
| Jan 28, 2006 | ||||
| Jan 29, 2005 |
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 | ||
| Jan 30, 2021 | ||
| Feb 1, 2020 | ||
| Feb 2, 2019 | ||
| Feb 3, 2018 | ||
| Jan 28, 2017 | ||
| Jan 30, 2016 | ||
| Jan 31, 2015 | ||
| Feb 1, 2014 | ||
| Feb 2, 2013 | ||
| Jan 28, 2012 | ||
| Jan 29, 2011 | ||
| Jan 30, 2010 | ||
| Jan 31, 2009 | ||
| Feb 2, 2008 | ||
| Feb 3, 2007 | ||
| Jan 28, 2006 | ||
| Jan 29, 2005 |
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 | ||
| Jan 30, 2021 | ||
| Feb 1, 2020 | ||
| Feb 2, 2019 | ||
| Feb 3, 2018 | ||
| Jan 28, 2017 | ||
| Jan 30, 2016 | ||
| Jan 31, 2015 | ||
| Feb 1, 2014 | ||
| Feb 2, 2013 | ||
| Jan 28, 2012 | ||
| Jan 29, 2011 | ||
| Jan 30, 2010 | ||
| Jan 31, 2009 | ||
| Feb 2, 2008 | ||
| Feb 3, 2007 | ||
| Jan 28, 2006 | ||
| Jan 29, 2005 |
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).