Analysis of Long-term (Investment) Activity Ratios
Quarterly Data
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 (quarterly data)
Based on: 10-Q (reporting date: 2025-08-03), 10-Q (reporting date: 2025-05-04), 10-K (reporting date: 2025-02-02), 10-Q (reporting date: 2024-10-27), 10-Q (reporting date: 2024-07-28), 10-Q (reporting date: 2024-04-28), 10-K (reporting date: 2024-01-28), 10-Q (reporting date: 2023-10-29), 10-Q (reporting date: 2023-07-30), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-29), 10-Q (reporting date: 2022-10-30), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-05-01), 10-K (reporting date: 2022-01-30), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-08-01), 10-Q (reporting date: 2021-05-02), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-11-01), 10-Q (reporting date: 2020-08-02), 10-Q (reporting date: 2020-05-03).
- Net Fixed Asset Turnover
-
The net fixed asset turnover ratio exhibits an overall decreasing trend over the analyzed periods. Starting from a high point of 5.84, there are fluctuations that reach a peak of 6.85 before a gradual decline to 5.69 in the most recent quarter. This pattern suggests diminishing efficiency in generating sales from fixed assets over the long term, despite occasional interim improvements.
- Net Fixed Asset Turnover (including operating lease, right-of-use asset)
-
This ratio shows a generally upward movement during the initial periods, increasing from 2.77 to a peak near 3.73, before entering a downward trajectory to 3.10 in the latest quarter. The lesser magnitude of this ratio, compared to the net fixed asset turnover, reflects the impact of including leased assets. The recent decrease could indicate a relative decline in sales efficiency considering leased assets.
- Total Asset Turnover
-
The total asset turnover ratio displays moderate volatility with a modest upward trend overall. The figures start at 1.20, experience some drops, but then reach a high of around 1.53 in multiple quarters. The ratio remains fairly stable around this level toward the end of the period. This indicates a steady capability to generate revenue from total assets, with some improvements in efficiency in certain quarters.
- Equity Turnover
-
The equity turnover ratio trends upward over the timeframe analyzed. Beginning at 2.10, it declines slightly in the early periods but then increases steadily, reaching peaks exceeding 2.60 before stabilizing around the 2.45 to 2.55 range in recent quarters. This suggests an improving effectiveness in utilizing shareholders' equity to generate sales, reflecting potentially enhanced operational leverage or asset use relative to equity.
Net Fixed Asset Turnover
lululemon athletica inc., net fixed asset turnover calculation (quarterly data)
| Aug 3, 2025 | May 4, 2025 | Feb 2, 2025 | Oct 27, 2024 | Jul 28, 2024 | Apr 28, 2024 | Jan 28, 2024 | Oct 29, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 29, 2023 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | Jan 30, 2022 | Oct 31, 2021 | Aug 1, 2021 | May 2, 2021 | Jan 31, 2021 | Nov 1, 2020 | Aug 2, 2020 | May 3, 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||||||||||||||||||||||||
| Net revenue | 2,525,219) | 2,370,660) | 3,611,497) | 2,396,660) | 2,371,078) | 2,208,891) | 3,205,103) | 2,204,218) | 2,209,165) | 2,000,792) | 2,771,838) | 1,856,889) | 1,868,328) | 1,613,463) | 2,129,113) | 1,450,421) | 1,450,618) | 1,226,465) | 1,729,549) | 1,117,426) | 902,942) | 651,962) | |||||||
| Property and equipment, net | 1,917,361) | 1,846,609) | 1,780,617) | 1,697,759) | 1,614,893) | 1,561,185) | 1,545,811) | 1,413,918) | 1,367,172) | 1,312,793) | 1,269,614) | 1,122,490) | 1,059,859) | 974,784) | 927,710) | 876,489) | 806,387) | 774,685) | 745,687) | 719,880) | 698,514) | 659,265) | |||||||
| Long-term Activity Ratio | |||||||||||||||||||||||||||||
| Net fixed asset turnover1 | 5.69 | 5.82 | 5.95 | 6.00 | 6.19 | 6.29 | 6.22 | 6.50 | 6.46 | 6.47 | 6.39 | 6.65 | 6.66 | 6.82 | 6.74 | 6.68 | 6.85 | 6.42 | 5.90 | 5.65 | 5.54 | 5.84 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Net Fixed Asset Turnover, Competitors2 | |||||||||||||||||||||||||||||
| Nike Inc. | — | 9.55 | 9.59 | 10.14 | 10.08 | 10.11 | 10.27 | 10.15 | 10.00 | 10.07 | 10.08 | 10.25 | 10.12 | 9.87 | 9.75 | 9.74 | 9.62 | 9.49 | 9.08 | 7.77 | 7.71 | 7.51 | |||||||
Based on: 10-Q (reporting date: 2025-08-03), 10-Q (reporting date: 2025-05-04), 10-K (reporting date: 2025-02-02), 10-Q (reporting date: 2024-10-27), 10-Q (reporting date: 2024-07-28), 10-Q (reporting date: 2024-04-28), 10-K (reporting date: 2024-01-28), 10-Q (reporting date: 2023-10-29), 10-Q (reporting date: 2023-07-30), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-29), 10-Q (reporting date: 2022-10-30), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-05-01), 10-K (reporting date: 2022-01-30), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-08-01), 10-Q (reporting date: 2021-05-02), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-11-01), 10-Q (reporting date: 2020-08-02), 10-Q (reporting date: 2020-05-03).
1 Q2 2026 Calculation
Net fixed asset turnover
= (Net revenueQ2 2026
+ Net revenueQ1 2026
+ Net revenueQ4 2025
+ Net revenueQ3 2025)
÷ Property and equipment, net
= (2,525,219 + 2,370,660 + 3,611,497 + 2,396,660)
÷ 1,917,361 = 5.69
2 Click competitor name to see calculations.
- Net Revenue Trends
- The net revenue exhibited a general upward trajectory over the entire period with some fluctuations. Beginning at approximately $652 million in May 2020, revenue increased notably, peaking multiple times above $3 billion in early 2024 and early 2025. There is evidence of cyclical variability, with quarters such as January 2021 and January 2024 showing significant spikes, reaching over $3.2 billion. Interspersed between these peaks, certain quarters reflected a relative decline or plateauing, for example around May 2021 and mid-2023 when revenues hovered between $2 and $2.2 billion. Overall, the data reveals sustained growth in net revenue, punctuated by seasonal or periodic surges.
- Property and Equipment, Net
- The net value of property and equipment demonstrated a consistent upward trend throughout the analyzed timeframe. Starting near $659 million in May 2020, the asset base grew steadily each quarter, reaching nearly $1.92 billion by August 2025. This represents nearly a threefold increase, indicating substantial capital investment or asset accumulation over time. The growth appears relatively smooth without pronounced volatility, suggesting ongoing, planned asset expansion.
- Net Fixed Asset Turnover Ratio
- The net fixed asset turnover ratio, representing efficiency in using fixed assets to generate revenue, showed a generally declining pattern over the observed periods. Initially high at 5.84 in May 2020, the ratio peaked briefly around August 2021 at 6.85, indicating an efficient utilization of assets at that time. However, after that peak, the ratio trended downward to approximately 5.69 by August 2025. This decline suggests that while revenue and assets both increased, fixed assets grew at a faster rate relative to revenue, potentially pointing to diminishing returns on new fixed asset investments or changes in asset use efficiency.
- Integrated Insights
- The combination of steadily increasing net fixed assets alongside generally rising but more volatile net revenue implies a strategy focused on growth and capacity expansion. However, the declining asset turnover ratio may warrant attention as it could reflect a need for improved asset utilization or a lag in revenue generation relative to asset growth. The periodic revenue spikes, especially in early calendar quarters, might indicate seasonal demand patterns or successful strategic initiatives that yield short-term revenue boosts. Management may benefit from monitoring fixed asset efficiency closely to optimize returns on the expanding asset base.
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 (quarterly data)
| Aug 3, 2025 | May 4, 2025 | Feb 2, 2025 | Oct 27, 2024 | Jul 28, 2024 | Apr 28, 2024 | Jan 28, 2024 | Oct 29, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 29, 2023 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | Jan 30, 2022 | Oct 31, 2021 | Aug 1, 2021 | May 2, 2021 | Jan 31, 2021 | Nov 1, 2020 | Aug 2, 2020 | May 3, 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||||||||||||||||||||||||
| Net revenue | 2,525,219) | 2,370,660) | 3,611,497) | 2,396,660) | 2,371,078) | 2,208,891) | 3,205,103) | 2,204,218) | 2,209,165) | 2,000,792) | 2,771,838) | 1,856,889) | 1,868,328) | 1,613,463) | 2,129,113) | 1,450,421) | 1,450,618) | 1,226,465) | 1,729,549) | 1,117,426) | 902,942) | 651,962) | |||||||
| Property and equipment, net | 1,917,361) | 1,846,609) | 1,780,617) | 1,697,759) | 1,614,893) | 1,561,185) | 1,545,811) | 1,413,918) | 1,367,172) | 1,312,793) | 1,269,614) | 1,122,490) | 1,059,859) | 974,784) | 927,710) | 876,489) | 806,387) | 774,685) | 745,687) | 719,880) | 698,514) | 659,265) | |||||||
| Right-of-use operating lease assets | 1,605,009) | 1,549,401) | 1,416,256) | 1,360,589) | 1,302,947) | 1,263,749) | 1,265,610) | 1,048,607) | 1,079,198) | 993,471) | 969,419) | 946,687) | 867,901) | 819,998) | 803,543) | 789,381) | 729,621) | 719,139) | 734,835) | 714,086) | 725,805) | 731,883) | |||||||
| Property and equipment, net (including operating lease, right-of-use asset) | 3,522,370) | 3,396,010) | 3,196,873) | 3,058,348) | 2,917,840) | 2,824,934) | 2,811,421) | 2,462,525) | 2,446,370) | 2,306,264) | 2,239,033) | 2,069,177) | 1,927,760) | 1,794,782) | 1,731,253) | 1,665,870) | 1,536,008) | 1,493,824) | 1,480,522) | 1,433,966) | 1,424,319) | 1,391,148) | |||||||
| Long-term Activity Ratio | |||||||||||||||||||||||||||||
| Net fixed asset turnover (including operating lease, right-of-use asset)1 | 3.10 | 3.17 | 3.31 | 3.33 | 3.42 | 3.48 | 3.42 | 3.73 | 3.61 | 3.68 | 3.62 | 3.61 | 3.66 | 3.70 | 3.61 | 3.52 | 3.60 | 3.33 | 2.97 | 2.84 | 2.72 | 2.77 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2 | |||||||||||||||||||||||||||||
| Nike Inc. | — | 6.12 | 6.14 | 6.52 | 6.45 | 6.46 | 6.65 | 6.50 | 6.37 | 6.40 | 6.40 | 6.51 | 6.41 | 6.16 | 6.05 | 5.34 | 5.91 | 5.81 | 5.56 | 4.75 | 4.76 | 4.59 | |||||||
Based on: 10-Q (reporting date: 2025-08-03), 10-Q (reporting date: 2025-05-04), 10-K (reporting date: 2025-02-02), 10-Q (reporting date: 2024-10-27), 10-Q (reporting date: 2024-07-28), 10-Q (reporting date: 2024-04-28), 10-K (reporting date: 2024-01-28), 10-Q (reporting date: 2023-10-29), 10-Q (reporting date: 2023-07-30), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-29), 10-Q (reporting date: 2022-10-30), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-05-01), 10-K (reporting date: 2022-01-30), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-08-01), 10-Q (reporting date: 2021-05-02), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-11-01), 10-Q (reporting date: 2020-08-02), 10-Q (reporting date: 2020-05-03).
1 Q2 2026 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset)
= (Net revenueQ2 2026
+ Net revenueQ1 2026
+ Net revenueQ4 2025
+ Net revenueQ3 2025)
÷ Property and equipment, net (including operating lease, right-of-use asset)
= (2,525,219 + 2,370,660 + 3,611,497 + 2,396,660)
÷ 3,522,370 = 3.10
2 Click competitor name to see calculations.
- Net Revenue Trends
- The net revenue demonstrates a generally upward trajectory over the analyzed period, with some fluctuations. Initial quarters in 2020 show a steady increase from approximately $652 million to over $1.7 billion by early 2021. A notable peak is observed in the first quarter of 2022 with revenue exceeding $2.1 billion. Revenue levels then oscillate, with significant increases notably in the first quarter of 2023 (about $2.77 billion) and a strong surge into early 2024 reaching above $3.2 billion. Despite some quarterly declines, the overall pattern reflects substantial growth in revenue over these years.
- Property and Equipment, Net
- The net value of property and equipment, including operating lease right-of-use assets, exhibits a consistent upward trend throughout the period. Starting at approximately $1.39 billion in early 2020, the asset base gradually increases each quarter, reaching over $3.5 billion by the middle of 2025. This steady accumulation indicates ongoing investment in fixed assets or property-related resources, reflecting expansion or enhancement of the company’s operational capacity or infrastructure.
- Net Fixed Asset Turnover Ratio
- The net fixed asset turnover ratio, which measures revenue generated per dollar of fixed assets, presents variability but an overall declining trend after peaking in 2021. Initially, ratios hover around 2.7 to 3.6 times, peaking near 3.73 in late 2023. Subsequently, a gradual decrease is evident, falling to approximately 3.1 by mid-2025. This diminishing ratio suggests that while asset investment increased considerably, revenue growth has not scaled proportionally, indicating potentially reduced asset efficiency or a shift in asset utilization dynamics over time.
- Key Insights
- The data reveals aggressive growth in both revenue and fixed asset base, highlighting expansion efforts. Nevertheless, the decreasing fixed asset turnover ratio in the later years signals that asset growth outpaces revenue gains, potentially pointing to future challenges in asset productivity. Monitoring this ratio alongside revenue trends will be crucial for understanding operational efficiency and capital allocation effectiveness in forthcoming periods.
Total Asset Turnover
lululemon athletica inc., total asset turnover calculation (quarterly data)
| Aug 3, 2025 | May 4, 2025 | Feb 2, 2025 | Oct 27, 2024 | Jul 28, 2024 | Apr 28, 2024 | Jan 28, 2024 | Oct 29, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 29, 2023 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | Jan 30, 2022 | Oct 31, 2021 | Aug 1, 2021 | May 2, 2021 | Jan 31, 2021 | Nov 1, 2020 | Aug 2, 2020 | May 3, 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||||||||||||||||||||||||
| Net revenue | 2,525,219) | 2,370,660) | 3,611,497) | 2,396,660) | 2,371,078) | 2,208,891) | 3,205,103) | 2,204,218) | 2,209,165) | 2,000,792) | 2,771,838) | 1,856,889) | 1,868,328) | 1,613,463) | 2,129,113) | 1,450,421) | 1,450,618) | 1,226,465) | 1,729,549) | 1,117,426) | 902,942) | 651,962) | |||||||
| Total assets | 7,523,439) | 7,430,543) | 7,603,292) | 7,083,669) | 6,744,135) | 6,828,495) | 7,091,941) | 6,022,264) | 5,992,458) | 5,571,544) | 5,607,038) | 5,309,436) | 4,920,711) | 4,697,212) | 4,942,478) | 4,572,007) | 4,405,098) | 4,329,831) | 4,185,215) | 3,627,920) | 3,494,027) | 3,201,786) | |||||||
| Long-term Activity Ratio | |||||||||||||||||||||||||||||
| Total asset turnover1 | 1.45 | 1.45 | 1.39 | 1.44 | 1.48 | 1.44 | 1.36 | 1.53 | 1.47 | 1.53 | 1.45 | 1.41 | 1.44 | 1.41 | 1.27 | 1.28 | 1.25 | 1.15 | 1.05 | 1.12 | 1.11 | 1.20 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Total Asset Turnover, Competitors2 | |||||||||||||||||||||||||||||
| Nike Inc. | — | 1.24 | 1.27 | 1.27 | 1.29 | 1.32 | 1.35 | 1.38 | 1.39 | 1.40 | 1.36 | 1.32 | 1.24 | 1.15 | 1.16 | 1.18 | 1.19 | 1.22 | 1.18 | 1.06 | 1.10 | 1.12 | |||||||
Based on: 10-Q (reporting date: 2025-08-03), 10-Q (reporting date: 2025-05-04), 10-K (reporting date: 2025-02-02), 10-Q (reporting date: 2024-10-27), 10-Q (reporting date: 2024-07-28), 10-Q (reporting date: 2024-04-28), 10-K (reporting date: 2024-01-28), 10-Q (reporting date: 2023-10-29), 10-Q (reporting date: 2023-07-30), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-29), 10-Q (reporting date: 2022-10-30), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-05-01), 10-K (reporting date: 2022-01-30), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-08-01), 10-Q (reporting date: 2021-05-02), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-11-01), 10-Q (reporting date: 2020-08-02), 10-Q (reporting date: 2020-05-03).
1 Q2 2026 Calculation
Total asset turnover
= (Net revenueQ2 2026
+ Net revenueQ1 2026
+ Net revenueQ4 2025
+ Net revenueQ3 2025)
÷ Total assets
= (2,525,219 + 2,370,660 + 3,611,497 + 2,396,660)
÷ 7,523,439 = 1.45
2 Click competitor name to see calculations.
- Net Revenue Trends
- The net revenue figures exhibit significant growth over the analyzed periods, starting from approximately $652 million and rising to over $3.6 billion at the highest point. There is a pattern of large increases especially notable in the quarters ending in January and April of 2021 and subsequent years, suggesting strong seasonal or business cycle effects. Periods such as early 2021, early 2023, and early 2024 show particularly sharp upticks, indicating possible expansion in sales or market share. However, some quarters show more moderate growth or slight declines relative to the immediately preceding periods, indicating fluctuations that might relate to market conditions or company strategy adjustments.
- Total Assets Development
- Total assets steadily increase throughout the period, moving from around $3.2 billion to over $7.6 billion. The growth in assets is consistent and reflects potentially ongoing investments, acquisitions, or retained earnings contributing to balance sheet expansion. Certain periods, such as early 2024 and early 2025, show notable surges in assets, which may correlate with strategic capital deployment or asset revaluation. Despite some minor fluctuations, the overall trend is a robust upward trajectory in the company's asset base.
- Total Asset Turnover Ratio Patterns
- The total asset turnover ratio maintains a range generally between 1.05 and 1.53. Early in the timeline, the ratio slightly declines from 1.2 to around 1.05 before recovering and trending upwards. Peak values of the turnover ratio occur around mid-2023 and late 2023, indicating efficient utilization of assets to generate revenue during these periods. The ratio's stability around the 1.4 to 1.5 mark in recent quarters suggests sustained operational efficiency despite asset growth. Some dips occur after peak periods, implying temporary decreases in how effectively assets are used to produce sales, possibly due to the lag between asset acquisition and revenue generation.
- Overall Insights
- The company demonstrates strong revenue growth accompanied by consistent asset base expansion. The increasing asset turnover ratio in the latter periods suggests improving efficiency in asset use, contributing positively to financial performance. Seasonal or cyclical peaks in revenue might indicate promotional or product launch timing influencing results. The stability in asset growth alongside maintained or increasing asset turnover highlights a balance between investment and operational effectiveness. Future observations might focus on maintaining turnover rates as assets continue to grow, ensuring that revenue growth keeps pace with increasing asset investment.
Equity Turnover
lululemon athletica inc., equity turnover calculation (quarterly data)
| Aug 3, 2025 | May 4, 2025 | Feb 2, 2025 | Oct 27, 2024 | Jul 28, 2024 | Apr 28, 2024 | Jan 28, 2024 | Oct 29, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 29, 2023 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | Jan 30, 2022 | Oct 31, 2021 | Aug 1, 2021 | May 2, 2021 | Jan 31, 2021 | Nov 1, 2020 | Aug 2, 2020 | May 3, 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||||||||||||||||||||||||
| Net revenue | 2,525,219) | 2,370,660) | 3,611,497) | 2,396,660) | 2,371,078) | 2,208,891) | 3,205,103) | 2,204,218) | 2,209,165) | 2,000,792) | 2,771,838) | 1,856,889) | 1,868,328) | 1,613,463) | 2,129,113) | 1,450,421) | 1,450,618) | 1,226,465) | 1,729,549) | 1,117,426) | 902,942) | 651,962) | |||||||
| Stockholders’ equity | 4,387,279) | 4,289,570) | 4,324,047) | 3,985,732) | 4,031,645) | 4,219,808) | 4,232,081) | 3,525,849) | 3,533,482) | 3,320,076) | 3,148,799) | 3,039,204) | 2,857,798) | 2,668,050) | 2,740,046) | 2,658,455) | 2,671,166) | 2,639,855) | 2,558,566) | 2,162,953) | 2,001,102) | 1,835,787) | |||||||
| Long-term Activity Ratio | |||||||||||||||||||||||||||||
| Equity turnover1 | 2.49 | 2.51 | 2.45 | 2.55 | 2.48 | 2.33 | 2.27 | 2.61 | 2.50 | 2.56 | 2.58 | 2.46 | 2.47 | 2.49 | 2.28 | 2.20 | 2.07 | 1.89 | 1.72 | 1.88 | 1.93 | 2.10 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Equity Turnover, Competitors2 | |||||||||||||||||||||||||||||
| Nike Inc. | — | 3.45 | 3.50 | 3.41 | 3.49 | 3.59 | 3.56 | 3.63 | 3.64 | 3.68 | 3.66 | 3.48 | 3.22 | 2.98 | 3.06 | 3.16 | 3.10 | 3.22 | 3.49 | 3.23 | 3.60 | 4.05 | |||||||
Based on: 10-Q (reporting date: 2025-08-03), 10-Q (reporting date: 2025-05-04), 10-K (reporting date: 2025-02-02), 10-Q (reporting date: 2024-10-27), 10-Q (reporting date: 2024-07-28), 10-Q (reporting date: 2024-04-28), 10-K (reporting date: 2024-01-28), 10-Q (reporting date: 2023-10-29), 10-Q (reporting date: 2023-07-30), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-29), 10-Q (reporting date: 2022-10-30), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-05-01), 10-K (reporting date: 2022-01-30), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-08-01), 10-Q (reporting date: 2021-05-02), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-11-01), 10-Q (reporting date: 2020-08-02), 10-Q (reporting date: 2020-05-03).
1 Q2 2026 Calculation
Equity turnover
= (Net revenueQ2 2026
+ Net revenueQ1 2026
+ Net revenueQ4 2025
+ Net revenueQ3 2025)
÷ Stockholders’ equity
= (2,525,219 + 2,370,660 + 3,611,497 + 2,396,660)
÷ 4,387,279 = 2.49
2 Click competitor name to see calculations.
- Net Revenue Trends
- Net revenue demonstrated a general upward trajectory over the observed periods, with some fluctuations reflective of seasonal or market factors. Initially, net revenue increased substantially from approximately 652 million to around 1.73 billion within the first four quarters, indicating strong growth. Temporary declines appear in subsequent quarters, such as drops in May 2021 and May 2022, before rebounding sharply. Notably, the highest revenues occur around January and February of 2024 and 2025, exceeding 3.6 billion, signaling peak sales periods, likely linked to seasonal demand or strategic business cycles.
- Stockholders’ Equity Movements
- Stockholders’ equity shows a consistent increase across all reported quarters, reflecting sustained profitability and possible retained earnings reinvestment. Starting at around 1.84 billion, equity rises steadily to surpass 4.38 billion by the final period. There is minor variability, such as a slight decline observed between early 2024 and mid-2024, but overall the trend confirms financial stability and growth in shareholder value over time.
- Equity Turnover Ratio Analysis
- The equity turnover ratio, which measures efficiency in utilizing equity to generate revenue, reveals moderate variability but maintains a general range between 1.7 and 2.6. Earlier periods register lower turnover ratios, around 1.7 to 2.1, with gradual improvement leading to peaks above 2.5 in multiple quarters from mid-2021 onward. This indicates enhanced operational efficiency and better revenue generation relative to shareholder investment during those times. Occasional dips below 2.3 suggest periods of relative underperformance or increased equity base without proportional revenue growth.
- Overall Insights
- The data collectively points to a robust growth pattern with escalating revenues and expanding equity. The equity turnover trends support conclusions of improved efficiency in capital usage despite some quarter-to-quarter volatility. Periodic dips in revenue and equity turnover could correspond to external market conditions or company-specific operational adjustments. Ultimately, the company exhibits increasing financial strength and effective equity utilization, positioning it well for future sustained performance.