Analysis of Long-term (Investment) Activity Ratios
Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.
Long-term Activity Ratios (Summary)
Ross Stores Inc., long-term (investment) activity ratios
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).
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | Ross Stores Inc. net fixed asset turnover ratio deteriorated from 2020 to 2021 but then improved from 2021 to 2022 exceeding 2020 level. |
| Net fixed asset turnover (including operating lease, right-of-use asset) | An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). | Ross Stores Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from 2020 to 2021 but then improved from 2021 to 2022 exceeding 2020 level. |
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | Ross Stores Inc. total asset turnover ratio deteriorated from 2020 to 2021 but then improved from 2021 to 2022 not reaching 2020 level. |
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | Ross Stores Inc. equity turnover ratio deteriorated from 2020 to 2021 but then improved from 2021 to 2022 not reaching 2020 level. |
Net Fixed Asset Turnover
Ross Stores Inc., net fixed asset turnover calculation, comparison to benchmarks
| Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | Feb 2, 2019 | Feb 3, 2018 | Jan 28, 2017 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Sales | 18,916,244) | 12,531,565) | 16,039,073) | 14,983,541) | 14,134,732) | 12,866,757) | |
| Property and equipment, net | 2,898,527) | 2,710,496) | 2,653,436) | 2,475,201) | 2,382,464) | 2,328,048) | |
| Long-term Activity Ratio | |||||||
| Net fixed asset turnover1 | 6.53 | 4.62 | 6.04 | 6.05 | 5.93 | 5.53 | |
| Benchmarks | |||||||
| Net Fixed Asset Turnover, Competitors2 | |||||||
| Amazon.com Inc. | 2.75 | 2.93 | 3.41 | 3.86 | — | — | |
| Home Depot Inc. | 6.00 | 5.35 | 4.84 | 4.84 | — | — | |
| Lowe’s Cos. Inc. | 5.05 | 4.68 | 3.86 | 3.87 | — | — | |
| TJX Cos. Inc. | 9.21 | 6.38 | 7.83 | 7.42 | — | — | |
| Net Fixed Asset Turnover, Sector | |||||||
| Consumer Discretionary Distribution & Retail | 3.43 | 3.46 | 3.82 | 4.20 | — | — | |
| Net Fixed Asset Turnover, Industry | |||||||
| Consumer Discretionary | 3.18 | 2.98 | 2.99 | 3.28 | — | — | |
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).
1 2022 Calculation
Net fixed asset turnover = Sales ÷ Property and equipment, net
= 18,916,244 ÷ 2,898,527 = 6.53
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | Ross Stores Inc. net fixed asset turnover ratio deteriorated from 2020 to 2021 but then improved from 2021 to 2022 exceeding 2020 level. |
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)
Ross Stores Inc., net fixed asset turnover (including operating lease, right-of-use asset) calculation, comparison to benchmarks
| Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | Feb 2, 2019 | Feb 3, 2018 | Jan 28, 2017 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Sales | 18,916,244) | 12,531,565) | 16,039,073) | 14,983,541) | 14,134,732) | 12,866,757) | |
| Property and equipment, net | 2,898,527) | 2,710,496) | 2,653,436) | 2,475,201) | 2,382,464) | 2,328,048) | |
| Operating lease assets | 3,027,272) | 3,084,819) | 3,053,782) | —) | —) | —) | |
| Property and equipment, net (including operating lease, right-of-use asset) | 5,925,799) | 5,795,315) | 5,707,218) | 2,475,201) | 2,382,464) | 2,328,048) | |
| Long-term Activity Ratio | |||||||
| Net fixed asset turnover (including operating lease, right-of-use asset)1 | 3.19 | 2.16 | 2.81 | 6.05 | 5.93 | 5.53 | |
| Benchmarks | |||||||
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2 | |||||||
| Amazon.com Inc. | 2.03 | 2.17 | 2.56 | 2.87 | — | — | |
| Home Depot Inc. | 4.85 | 4.31 | 3.89 | 4.84 | — | — | |
| Lowe’s Cos. Inc. | 4.15 | 3.90 | 3.20 | 3.87 | — | — | |
| TJX Cos. Inc. | 3.44 | 2.29 | 2.90 | 7.42 | — | — | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector | |||||||
| Consumer Discretionary Distribution & Retail | 2.52 | 2.55 | 2.83 | 3.47 | — | — | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry | |||||||
| Consumer Discretionary | 2.48 | 2.32 | 2.34 | 2.83 | — | — | |
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).
1 2022 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset) = Sales ÷ Property and equipment, net (including operating lease, right-of-use asset)
= 18,916,244 ÷ 5,925,799 = 3.19
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover (including operating lease, right-of-use asset) | An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). | Ross Stores Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from 2020 to 2021 but then improved from 2021 to 2022 exceeding 2020 level. |
Total Asset Turnover
Ross Stores Inc., total asset turnover calculation, comparison to benchmarks
| Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | Feb 2, 2019 | Feb 3, 2018 | Jan 28, 2017 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Sales | 18,916,244) | 12,531,565) | 16,039,073) | 14,983,541) | 14,134,732) | 12,866,757) | |
| Total assets | 13,640,256) | 12,717,867) | 9,348,367) | 6,073,691) | 5,722,051) | 5,309,351) | |
| Long-term Activity Ratio | |||||||
| Total asset turnover1 | 1.39 | 0.99 | 1.72 | 2.47 | 2.47 | 2.42 | |
| Benchmarks | |||||||
| Total Asset Turnover, Competitors2 | |||||||
| Amazon.com Inc. | 1.11 | 1.12 | 1.20 | 1.25 | — | — | |
| Home Depot Inc. | 2.10 | 1.87 | 2.15 | 2.46 | — | — | |
| Lowe’s Cos. Inc. | 2.16 | 1.92 | 1.83 | 2.07 | — | — | |
| TJX Cos. Inc. | 1.71 | 1.04 | 1.73 | 2.72 | — | — | |
| Total Asset Turnover, Sector | |||||||
| Consumer Discretionary Distribution & Retail | 1.33 | 1.27 | 1.40 | 1.57 | — | — | |
| Total Asset Turnover, Industry | |||||||
| Consumer Discretionary | 0.93 | 0.84 | 0.81 | 0.92 | — | — | |
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).
1 2022 Calculation
Total asset turnover = Sales ÷ Total assets
= 18,916,244 ÷ 13,640,256 = 1.39
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | Ross Stores Inc. total asset turnover ratio deteriorated from 2020 to 2021 but then improved from 2021 to 2022 not reaching 2020 level. |
Equity Turnover
Ross Stores Inc., equity turnover calculation, comparison to benchmarks
| Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | Feb 2, 2019 | Feb 3, 2018 | Jan 28, 2017 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Sales | 18,916,244) | 12,531,565) | 16,039,073) | 14,983,541) | 14,134,732) | 12,866,757) | |
| Stockholders’ equity | 4,060,050) | 3,290,640) | 3,359,249) | 3,305,746) | 3,049,308) | 2,748,017) | |
| Long-term Activity Ratio | |||||||
| Equity turnover1 | 4.66 | 3.81 | 4.77 | 4.53 | 4.64 | 4.68 | |
| Benchmarks | |||||||
| Equity Turnover, Competitors2 | |||||||
| Amazon.com Inc. | 3.52 | 3.40 | 4.13 | 4.52 | — | — | |
| Home Depot Inc. | — | 40.05 | — | — | — | — | |
| Lowe’s Cos. Inc. | — | 62.35 | 36.59 | 19.57 | — | — | |
| TJX Cos. Inc. | 8.09 | 5.51 | 7.01 | 7.72 | — | — | |
| Equity Turnover, Sector | |||||||
| Consumer Discretionary Distribution & Retail | 5.57 | 4.86 | 6.21 | 7.25 | — | — | |
| Equity Turnover, Industry | |||||||
| Consumer Discretionary | 4.15 | 3.60 | 4.40 | 5.13 | — | — | |
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).
1 2022 Calculation
Equity turnover = Sales ÷ Stockholders’ equity
= 18,916,244 ÷ 4,060,050 = 4.66
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | Ross Stores Inc. equity turnover ratio deteriorated from 2020 to 2021 but then improved from 2021 to 2022 not reaching 2020 level. |