Stock Analysis on Net

lululemon athletica inc. (NASDAQ:LULU)

$24.99

Total Asset Turnover
since 2008

Microsoft Excel

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Calculation

lululemon athletica inc., total asset turnover, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2026-02-01), 10-K (reporting date: 2025-02-02), 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02), 10-K (reporting date: 2019-02-03), 10-K (reporting date: 2018-01-28), 10-K (reporting date: 2017-01-29), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-02-01), 10-K (reporting date: 2014-02-02), 10-K (reporting date: 2013-02-03), 10-K (reporting date: 2012-01-29), 10-K (reporting date: 2011-01-30), 10-K (reporting date: 2010-01-31), 10-K (reporting date: 2009-02-01), 10-K (reporting date: 2008-02-03).

1 US$ in thousands


The total asset turnover ratio for the period examined demonstrates fluctuations over time, generally indicating a moderate level of efficiency in asset utilization. Initial values suggest a relatively efficient use of assets, which subsequently decreased before exhibiting periods of improvement and decline.

Initial Period (2008-2012)
From 2008 to 2012, the total asset turnover ratio experienced a consistent downward trend, decreasing from 1.77 to 1.36. This suggests a declining ability to generate net revenue per dollar of assets during this timeframe. The decrease could be attributed to a faster growth in total assets compared to net revenue, or potentially, a shift in asset composition towards less revenue-generating assets.
Fluctuation and Recovery (2013-2015)
Between 2013 and 2015, the ratio exhibited volatility. It decreased slightly from 1.30 in 2013 to 1.27 in 2014, then increased to 1.39 in 2015. This period indicates a potential stabilization, followed by a modest improvement in asset utilization. The increase in 2015 could be due to increased sales efficiency or a more optimized asset base.
Recent Trends (2016-2026)
From 2016 onwards, the ratio continued to fluctuate. A peak of 1.57 was observed in 2016, followed by a decrease to 1.41 in 2017 and 1.33 in 2018. A subsequent increase to 1.58 in 2019 was followed by a significant drop to 1.05 in 2020, likely influenced by external factors impacting revenue. The ratio recovered to 1.27 in 2021 and 1.45 in 2022, before decreasing to 1.36 in 2023, 1.39 in 2024, and 1.31 in 2025. This recent period demonstrates a degree of instability, with the ratio remaining within a relatively narrow range, but showing no clear sustained trend.
Overall Assessment
The total asset turnover ratio has generally remained above 1.0 throughout the examined period, indicating that the company generates more than one dollar of revenue for each dollar of assets. However, the fluctuations suggest that asset utilization efficiency is not consistently improving and is subject to external and internal influences. The decline in 2020 warrants further investigation to understand the underlying causes and their impact on long-term asset efficiency.

Comparison to Competitors


Comparison to Sector (Consumer Durables & Apparel)

lululemon athletica inc., total asset turnover, long-term trends, comparison to sector (consumer durables & apparel)

Microsoft Excel

Based on: 10-K (reporting date: 2026-02-01), 10-K (reporting date: 2025-02-02), 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02), 10-K (reporting date: 2019-02-03), 10-K (reporting date: 2018-01-28), 10-K (reporting date: 2017-01-29), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-02-01), 10-K (reporting date: 2014-02-02), 10-K (reporting date: 2013-02-03), 10-K (reporting date: 2012-01-29), 10-K (reporting date: 2011-01-30), 10-K (reporting date: 2010-01-31), 10-K (reporting date: 2009-02-01), 10-K (reporting date: 2008-02-03).


Comparison to Industry (Consumer Discretionary)

lululemon athletica inc., total asset turnover, long-term trends, comparison to industry (consumer discretionary)

Microsoft Excel

Based on: 10-K (reporting date: 2026-02-01), 10-K (reporting date: 2025-02-02), 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02), 10-K (reporting date: 2019-02-03), 10-K (reporting date: 2018-01-28), 10-K (reporting date: 2017-01-29), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-02-01), 10-K (reporting date: 2014-02-02), 10-K (reporting date: 2013-02-03), 10-K (reporting date: 2012-01-29), 10-K (reporting date: 2011-01-30), 10-K (reporting date: 2010-01-31), 10-K (reporting date: 2009-02-01), 10-K (reporting date: 2008-02-03).