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)
lululemon athletica inc., long-term (investment) activity ratios
Based on: 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).
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | lululemon athletica inc. net fixed asset turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
| 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). | lululemon athletica inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | lululemon athletica inc. total asset turnover ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024. |
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | lululemon athletica inc. equity turnover ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
Net Fixed Asset Turnover
lululemon athletica inc., net fixed asset turnover calculation, comparison to benchmarks
| Jan 28, 2024 | Jan 29, 2023 | Jan 30, 2022 | Jan 31, 2021 | Feb 2, 2020 | Feb 3, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Net revenue | 9,619,278) | 8,110,518) | 6,256,617) | 4,401,879) | 3,979,296) | 3,288,319) | |
| Property and equipment, net | 1,545,811) | 1,269,614) | 927,710) | 745,687) | 671,693) | 567,237) | |
| Long-term Activity Ratio | |||||||
| Net fixed asset turnover1 | 6.22 | 6.39 | 6.74 | 5.90 | 5.92 | 5.80 | |
| Benchmarks | |||||||
| Net Fixed Asset Turnover, Competitors2 | |||||||
| Nike Inc. | — | 10.08 | 9.75 | 9.08 | 7.69 | 8.25 | |
| Net Fixed Asset Turnover, Sector | |||||||
| Consumer Durables & Apparel | — | 9.34 | 9.26 | 8.66 | 7.47 | 7.98 | |
| Net Fixed Asset Turnover, Industry | |||||||
| Consumer Discretionary | — | 3.24 | 3.18 | 2.98 | 2.99 | 3.28 | |
Based on: 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).
1 2024 Calculation
Net fixed asset turnover = Net revenue ÷ Property and equipment, net
= 9,619,278 ÷ 1,545,811 = 6.22
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. | lululemon athletica inc. net fixed asset turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)
lululemon athletica inc., net fixed asset turnover (including operating lease, right-of-use asset) calculation, comparison to benchmarks
| Jan 28, 2024 | Jan 29, 2023 | Jan 30, 2022 | Jan 31, 2021 | Feb 2, 2020 | Feb 3, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Net revenue | 9,619,278) | 8,110,518) | 6,256,617) | 4,401,879) | 3,979,296) | 3,288,319) | |
| Property and equipment, net | 1,545,811) | 1,269,614) | 927,710) | 745,687) | 671,693) | 567,237) | |
| Right-of-use operating lease assets | 1,265,610) | 969,419) | 803,543) | 734,835) | 689,664) | —) | |
| Property and equipment, net (including operating lease, right-of-use asset) | 2,811,421) | 2,239,033) | 1,731,253) | 1,480,522) | 1,361,357) | 567,237) | |
| Long-term Activity Ratio | |||||||
| Net fixed asset turnover (including operating lease, right-of-use asset)1 | 3.42 | 3.62 | 3.61 | 2.97 | 2.92 | 5.80 | |
| Benchmarks | |||||||
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2 | |||||||
| Nike Inc. | — | 6.40 | 6.05 | 5.56 | 4.70 | 8.25 | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector | |||||||
| Consumer Durables & Apparel | — | 5.79 | 5.61 | 5.15 | 4.44 | 7.98 | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry | |||||||
| Consumer Discretionary | — | 2.53 | 2.48 | 2.32 | 2.34 | 2.83 | |
Based on: 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).
1 2024 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset) = Net revenue ÷ Property and equipment, net (including operating lease, right-of-use asset)
= 9,619,278 ÷ 2,811,421 = 3.42
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). | lululemon athletica inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
Total Asset Turnover
lululemon athletica inc., total asset turnover calculation, comparison to benchmarks
| Jan 28, 2024 | Jan 29, 2023 | Jan 30, 2022 | Jan 31, 2021 | Feb 2, 2020 | Feb 3, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Net revenue | 9,619,278) | 8,110,518) | 6,256,617) | 4,401,879) | 3,979,296) | 3,288,319) | |
| Total assets | 7,091,941) | 5,607,038) | 4,942,478) | 4,185,215) | 3,281,354) | 2,084,711) | |
| Long-term Activity Ratio | |||||||
| Total asset turnover1 | 1.36 | 1.45 | 1.27 | 1.05 | 1.21 | 1.58 | |
| Benchmarks | |||||||
| Total Asset Turnover, Competitors2 | |||||||
| Nike Inc. | — | 1.36 | 1.16 | 1.18 | 1.19 | 1.65 | |
| Total Asset Turnover, Sector | |||||||
| Consumer Durables & Apparel | — | 1.38 | 1.17 | 1.17 | 1.20 | 1.64 | |
| Total Asset Turnover, Industry | |||||||
| Consumer Discretionary | — | 0.95 | 0.93 | 0.84 | 0.81 | 0.92 | |
Based on: 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).
1 2024 Calculation
Total asset turnover = Net revenue ÷ Total assets
= 9,619,278 ÷ 7,091,941 = 1.36
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. | lululemon athletica inc. total asset turnover ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024. |
Equity Turnover
lululemon athletica inc., equity turnover calculation, comparison to benchmarks
| Jan 28, 2024 | Jan 29, 2023 | Jan 30, 2022 | Jan 31, 2021 | Feb 2, 2020 | Feb 3, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Net revenue | 9,619,278) | 8,110,518) | 6,256,617) | 4,401,879) | 3,979,296) | 3,288,319) | |
| Stockholders’ equity | 4,232,081) | 3,148,799) | 2,740,046) | 2,558,566) | 1,952,218) | 1,445,975) | |
| Long-term Activity Ratio | |||||||
| Equity turnover1 | 2.27 | 2.58 | 2.28 | 1.72 | 2.04 | 2.27 | |
| Benchmarks | |||||||
| Equity Turnover, Competitors2 | |||||||
| Nike Inc. | — | 3.66 | 3.06 | 3.49 | 4.64 | 4.33 | |
| Equity Turnover, Sector | |||||||
| Consumer Durables & Apparel | — | 3.46 | 2.94 | 3.19 | 4.14 | 4.04 | |
| Equity Turnover, Industry | |||||||
| Consumer Discretionary | — | 3.85 | 4.15 | 3.60 | 4.40 | 5.13 | |
Based on: 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).
1 2024 Calculation
Equity turnover = Net revenue ÷ Stockholders’ equity
= 9,619,278 ÷ 4,232,081 = 2.27
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. | lululemon athletica inc. equity turnover ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |