Total Asset Turnover
since 2005
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Walgreens Boots Alliance Inc. pages available for free this week:
- Income Statement
- Statement of Comprehensive Income
- Common-Size Balance Sheet: Assets
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Liquidity Ratios
- Analysis of Reportable Segments
- Analysis of Geographic Areas
- Enterprise Value to EBITDA (EV/EBITDA)
- Operating Profit Margin since 2005
- Return on Assets (ROA) since 2005
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Calculation
Walgreens Boots Alliance Inc., total asset turnover, long-term trends, calculation
| Total asset turnover | = | Sales1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|
| Aug 31, 2019 | = | ÷ | |||
| Aug 31, 2018 | = | ÷ | |||
| Aug 31, 2017 | = | ÷ | |||
| Aug 31, 2016 | = | ÷ | |||
| Aug 31, 2015 | = | ÷ | |||
| Aug 31, 2014 | = | ÷ | |||
| Aug 31, 2013 | = | ÷ | |||
| Aug 31, 2012 | = | ÷ | |||
| Aug 31, 2011 | = | ÷ | |||
| Aug 31, 2010 | = | ÷ | |||
| Aug 31, 2009 | = | ÷ | |||
| Aug 31, 2008 | = | ÷ | |||
| Aug 31, 2007 | = | ÷ | |||
| Aug 31, 2006 | = | ÷ | |||
| Aug 31, 2005 | = | ÷ |
Based on: 10-K (reporting date: 2019-08-31), 10-K (reporting date: 2018-08-31), 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-08-31), 10-K (reporting date: 2015-08-31), 10-K (reporting date: 2014-08-31), 10-K (reporting date: 2013-08-31), 10-K (reporting date: 2012-08-31), 10-K (reporting date: 2011-08-31), 10-K (reporting date: 2010-08-31), 10-K (reporting date: 2009-08-31), 10-K (reporting date: 2008-08-31), 10-K (reporting date: 2007-08-31), 10-K (reporting date: 2006-08-31), 10-K (reporting date: 2005-08-31).
1 US$ in millions
- Sales Trend
- Sales exhibited a consistent upward trajectory over the analyzed period, increasing from $42,202 million in 2005 to $136,866 million in 2019. The growth was relatively steady, with occasional periods of more rapid expansion, notably between 2013 and 2016, where sales jumped from $72,217 million to $117,351 million. This indicates a strong and sustained growth in revenue generation capabilities.
- Total Assets Trend
- Total assets also showed an overall increasing pattern, growing from $14,609 million in 2005 to $67,598 million in 2019. Noteworthy is the significant asset base expansion occurring between 2013 and 2015, where assets nearly doubled from $37,182 million to $68,782 million. Following this peak, total assets experienced a modest decline and some fluctuations but remained substantially higher than in the initial years.
- Total Asset Turnover Trend
- The total asset turnover ratio, reflecting the efficiency of asset utilization to generate sales, demonstrated a declining trend from 2.89 in 2005 to a low of 1.50 in 2015, suggesting reduced efficiency in the earlier part of the period. However, from 2015 onwards, there is a noticeable recovery in this ratio, increasing to 2.02 by 2019, signaling an improvement in how effectively assets are being used to produce revenue.
- Summary of Observations
- The data reveals strong sales growth alongside a substantial increase in total assets, particularly around 2013-2015, which significantly impacted asset turnover negatively during that period. The initial decline in asset turnover indicates that asset growth outpaced sales increases, reducing efficiency. The subsequent improvement in turnover suggests better asset management or enhanced sales generation relative to asset size in later years. This pattern may imply strategic investment phases followed by operational optimization.
Comparison to Competitors
Walgreens Boots Alliance Inc., total asset turnover, long-term trends, comparison to competitors
| Walgreens Boots Alliance Inc. | Costco Wholesale Corp. | Target Corp. | Walmart Inc. | |
|---|---|---|---|---|
| Aug 31, 2019 | ||||
| Aug 31, 2018 | ||||
| Aug 31, 2017 | ||||
| Aug 31, 2016 | ||||
| Aug 31, 2015 | ||||
| Aug 31, 2014 | ||||
| Aug 31, 2013 | ||||
| Aug 31, 2012 | ||||
| Aug 31, 2011 | ||||
| Aug 31, 2010 | ||||
| Aug 31, 2009 | ||||
| Aug 31, 2008 | ||||
| Aug 31, 2007 | ||||
| Aug 31, 2006 | ||||
| Aug 31, 2005 |
Based on: 10-K (reporting date: 2019-08-31), 10-K (reporting date: 2018-08-31), 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-08-31), 10-K (reporting date: 2015-08-31), 10-K (reporting date: 2014-08-31), 10-K (reporting date: 2013-08-31), 10-K (reporting date: 2012-08-31), 10-K (reporting date: 2011-08-31), 10-K (reporting date: 2010-08-31), 10-K (reporting date: 2009-08-31), 10-K (reporting date: 2008-08-31), 10-K (reporting date: 2007-08-31), 10-K (reporting date: 2006-08-31), 10-K (reporting date: 2005-08-31).
Comparison to Sector (Consumer Staples Distribution & Retail)
Walgreens Boots Alliance Inc., total asset turnover, long-term trends, comparison to sector (consumer staples distribution & retail)
| Walgreens Boots Alliance Inc. | Consumer Staples Distribution & Retail | |
|---|---|---|
| Aug 31, 2019 | ||
| Aug 31, 2018 | ||
| Aug 31, 2017 | ||
| Aug 31, 2016 | ||
| Aug 31, 2015 | ||
| Aug 31, 2014 | ||
| Aug 31, 2013 | ||
| Aug 31, 2012 | ||
| Aug 31, 2011 | ||
| Aug 31, 2010 | ||
| Aug 31, 2009 | ||
| Aug 31, 2008 | ||
| Aug 31, 2007 | ||
| Aug 31, 2006 | ||
| Aug 31, 2005 |
Based on: 10-K (reporting date: 2019-08-31), 10-K (reporting date: 2018-08-31), 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-08-31), 10-K (reporting date: 2015-08-31), 10-K (reporting date: 2014-08-31), 10-K (reporting date: 2013-08-31), 10-K (reporting date: 2012-08-31), 10-K (reporting date: 2011-08-31), 10-K (reporting date: 2010-08-31), 10-K (reporting date: 2009-08-31), 10-K (reporting date: 2008-08-31), 10-K (reporting date: 2007-08-31), 10-K (reporting date: 2006-08-31), 10-K (reporting date: 2005-08-31).
Comparison to Industry (Consumer Staples)
Walgreens Boots Alliance Inc., total asset turnover, long-term trends, comparison to industry (consumer staples)
| Walgreens Boots Alliance Inc. | Consumer Staples | |
|---|---|---|
| Aug 31, 2019 | ||
| Aug 31, 2018 | ||
| Aug 31, 2017 | ||
| Aug 31, 2016 | ||
| Aug 31, 2015 | ||
| Aug 31, 2014 | ||
| Aug 31, 2013 | ||
| Aug 31, 2012 | ||
| Aug 31, 2011 | ||
| Aug 31, 2010 | ||
| Aug 31, 2009 | ||
| Aug 31, 2008 | ||
| Aug 31, 2007 | ||
| Aug 31, 2006 | ||
| Aug 31, 2005 |
Based on: 10-K (reporting date: 2019-08-31), 10-K (reporting date: 2018-08-31), 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-08-31), 10-K (reporting date: 2015-08-31), 10-K (reporting date: 2014-08-31), 10-K (reporting date: 2013-08-31), 10-K (reporting date: 2012-08-31), 10-K (reporting date: 2011-08-31), 10-K (reporting date: 2010-08-31), 10-K (reporting date: 2009-08-31), 10-K (reporting date: 2008-08-31), 10-K (reporting date: 2007-08-31), 10-K (reporting date: 2006-08-31), 10-K (reporting date: 2005-08-31).