Total Asset Turnover
since 2005
Calculation
O’Reilly Automotive Inc., total asset turnover, long-term trends, calculation
| Total asset turnover | = | Sales1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|
| Dec 31, 2021 | 1.14 | = | 13,327,563) | ÷ | 11,718,707) |
| Dec 31, 2020 | 1.00 | = | 11,604,493) | ÷ | 11,596,642) |
| Dec 31, 2019 | 0.95 | = | 10,149,985) | ÷ | 10,717,160) |
| Dec 31, 2018 | 1.19 | = | 9,536,428) | ÷ | 7,980,789) |
| Dec 31, 2017 | 1.19 | = | 8,977,726) | ÷ | 7,571,885) |
| Dec 31, 2016 | 1.19 | = | 8,593,096) | ÷ | 7,204,189) |
| Dec 31, 2015 | 1.19 | = | 7,966,674) | ÷ | 6,676,684) |
| Dec 31, 2014 | 1.10 | = | 7,216,081) | ÷ | 6,540,301) |
| Dec 31, 2013 | 1.10 | = | 6,649,237) | ÷ | 6,067,208) |
| Dec 31, 2012 | 1.08 | = | 6,182,184) | ÷ | 5,749,187) |
| Dec 31, 2011 | 1.05 | = | 5,788,816) | ÷ | 5,500,501) |
| Dec 31, 2010 | 1.07 | = | 5,397,525) | ÷ | 5,047,827) |
| Dec 31, 2009 | 1.01 | = | 4,847,062) | ÷ | 4,781,471) |
| Dec 31, 2008 | 0.85 | = | 3,576,553) | ÷ | 4,193,317) |
| Dec 31, 2007 | 1.11 | = | 2,522,319) | ÷ | 2,279,737) |
| Dec 31, 2006 | 1.15 | = | 2,283,222) | ÷ | 1,977,496) |
| Dec 31, 2005 | 1.19 | = | 2,045,318) | ÷ | 1,713,899) |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in thousands
Between 2005 and 2021, sales grew consistently from approximately 2.05 billion USD to 13.33 billion USD. Total assets increased over the same period from 1.71 billion USD to 11.72 billion USD. While both metrics showed strong upward trajectories, the total asset turnover ratio experienced periods of volatility, reflecting shifts in the efficiency of asset utilization to generate revenue.
- Asset Turnover Volatility and Recovery
- The total asset turnover ratio began at 1.19 in 2005 and entered a period of decline, reaching a significant low of 0.85 in 2008. This decline was primarily driven by a sharp increase in total assets, which nearly doubled between 2007 and 2008. Following this trough, a recovery phase occurred between 2009 and 2014, with the ratio steadily climbing back toward 1.10.
- Efficiency Peak and Stabilization
- A period of maximum operational efficiency was observed from 2015 through 2018, during which the total asset turnover ratio remained constant at 1.19. This indicates a precise alignment between the expansion of the asset base and the growth of sales revenue during this four-year window.
- Recent Performance Trends
- A secondary contraction in efficiency occurred in 2019, where the ratio dropped to 0.95. This was followed by a recovery trend in 2020 and 2021, with the ratio rising to 1.00 and subsequently to 1.14. The data suggests a cyclical pattern where periods of asset expansion are followed by phases of improved utilization and sales growth.
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Comparison to Competitors
O’Reilly Automotive Inc., total asset turnover, long-term trends, comparison to competitors
| O’Reilly Automotive Inc. | Amazon.com Inc. | Home Depot Inc. | Lowe’s Cos. Inc. | TJX Cos. Inc. | |
|---|---|---|---|---|---|
| Dec 31, 2021 | 1.14 | 1.12 | 1.87 | 1.92 | 1.04 |
| Dec 31, 2020 | 1.00 | 1.20 | 2.15 | 1.83 | 1.73 |
| Dec 31, 2019 | 0.95 | 1.25 | 2.46 | 2.07 | 2.72 |
| Dec 31, 2018 | 1.19 | 1.43 | 2.27 | 1.94 | 2.55 |
| Dec 31, 2017 | 1.19 | 1.35 | 2.20 | 1.89 | 2.58 |
| Dec 31, 2016 | 1.19 | 1.63 | 2.08 | 1.89 | 2.69 |
| Dec 31, 2015 | 1.19 | 1.64 | 2.08 | 1.77 | 2.61 |
| Dec 31, 2014 | 1.10 | 1.63 | 1.95 | 1.63 | 2.69 |
| Dec 31, 2013 | 1.10 | 1.85 | 1.82 | 1.55 | 2.72 |
| Dec 31, 2012 | 1.08 | 1.88 | 1.74 | 1.50 | 2.80 |
| Dec 31, 2011 | 1.05 | 1.90 | 1.69 | 1.45 | 2.75 |
| Dec 31, 2010 | 1.07 | 1.82 | 1.62 | 1.43 | 2.72 |
| Dec 31, 2009 | 1.01 | 1.77 | 1.73 | 1.48 | 3.08 |
| Dec 31, 2008 | 0.85 | 2.31 | 1.75 | 1.56 | 2.83 |
| Dec 31, 2007 | 1.11 | 2.29 | 1.74 | 1.69 | 2.86 |
| Dec 31, 2006 | 1.15 | 2.45 | 1.83 | 1.75 | 2.92 |
| Dec 31, 2005 | 1.19 | 2.30 | 1.88 | 1.72 | 2.94 |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Consumer Discretionary Distribution & Retail)
O’Reilly Automotive Inc., total asset turnover, long-term trends, comparison to sector (consumer discretionary distribution & retail)
| O’Reilly Automotive Inc. | Consumer Discretionary Distribution & Retail | |
|---|---|---|
| Dec 31, 2021 | 1.14 | 1.27 |
| Dec 31, 2020 | 1.00 | 1.40 |
| Dec 31, 2019 | 0.95 | 1.57 |
| Dec 31, 2018 | 1.19 | 1.71 |
| Dec 31, 2017 | 1.19 | 1.67 |
| Dec 31, 2016 | 1.19 | 1.86 |
| Dec 31, 2015 | 1.19 | 1.86 |
| Dec 31, 2014 | 1.10 | 1.80 |
| Dec 31, 2013 | 1.10 | 1.83 |
| Dec 31, 2012 | 1.08 | 1.78 |
| Dec 31, 2011 | 1.05 | 1.74 |
| Dec 31, 2010 | 1.07 | 1.68 |
| Dec 31, 2009 | 1.01 | 1.74 |
| Dec 31, 2008 | 0.85 | 1.81 |
| Dec 31, 2007 | 1.11 | 1.84 |
| Dec 31, 2006 | 1.15 | 1.92 |
| Dec 31, 2005 | 1.19 | 1.93 |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Consumer Discretionary)
O’Reilly Automotive Inc., total asset turnover, long-term trends, comparison to industry (consumer discretionary)
| O’Reilly Automotive Inc. | Consumer Discretionary | |
|---|---|---|
| Dec 31, 2021 | 1.14 | 0.88 |
| Dec 31, 2020 | 1.00 | 0.84 |
| Dec 31, 2019 | 0.95 | 0.94 |
| Dec 31, 2018 | 1.19 | 0.96 |
| Dec 31, 2017 | 1.19 | 0.93 |
| Dec 31, 2016 | 1.19 | 0.96 |
| Dec 31, 2015 | 1.19 | 0.98 |
| Dec 31, 2014 | 1.10 | 1.02 |
| Dec 31, 2013 | 1.10 | 1.04 |
| Dec 31, 2012 | 1.08 | 1.06 |
| Dec 31, 2011 | 1.05 | 1.08 |
| Dec 31, 2010 | 1.07 | 1.04 |
| Dec 31, 2009 | 1.01 | 0.94 |
| Dec 31, 2008 | 0.85 | 0.96 |
| Dec 31, 2007 | 1.11 | 0.88 |
| Dec 31, 2006 | 1.15 | 0.82 |
| Dec 31, 2005 | 1.19 | 0.85 |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).