Stock Analysis on Net

Dollar General Corp. (NYSE:DG)

$22.49

This company has been moved to the archive! The financial data has not been updated since August 29, 2024.

Total Asset Turnover
since 2010

Microsoft Excel

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Calculation

Dollar General Corp., total asset turnover, long-term trends, calculation

Microsoft Excel

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

1 US$ in thousands


Net Sales Trend
The net sales values exhibit a consistent upward trend from 2010 through 2024. Starting at approximately 11.8 billion USD in early 2010, net sales increased steadily year-over-year, reaching a value near 38.7 billion USD by early 2024. This demonstrates strong revenue growth over the 15-year period, with no apparent decline or plateau phases.
Total Assets Trend
Total assets also show a general increasing trend over the years, but with more variability compared to net sales. Beginning at around 8.9 billion USD in early 2010, total assets rose gradually to about 13.2 billion USD in early 2019. Subsequently, there is a significant jump in total assets, reaching roughly 22.8 billion USD in early 2020, followed by continued growth to nearly 30.8 billion USD in early 2024. This sharp increase starting in 2020 suggests possible asset acquisitions, expansions, or revaluations during that period.
Total Asset Turnover Analysis
The total asset turnover ratio reflects how efficiently the company uses its assets to generate sales. From 2010 to 2019, the ratio improved consistently from 1.33 to 1.94, indicating increasing operational efficiency in asset utilization. However, starting in 2020, the ratio declines markedly to 1.22 and then stabilizes around 1.3 in subsequent years up through 2024. This reversal corresponds with the aforementioned sharp increase in total assets, implying that asset growth outpaced the growth in sales during this later period, leading to reduced efficiency in asset utilization.
Overall Insights
The data suggests the company experienced steady revenue growth accompanied by improving asset efficiency up until 2019. The substantial rise in total assets beginning in 2020 appears to coincide with a decrease in asset turnover, indicating that while the asset base expanded significantly, the corresponding increase in sales volume was not proportional. This could imply recent investments or acquisitions that have yet to reach full operational productivity, or shifts in asset composition. Management may need to focus on optimizing the use of expanded assets to restore or enhance asset turnover efficiency in future periods.

Comparison to Competitors

Dollar General Corp., total asset turnover, long-term trends, comparison to competitors

Microsoft Excel

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


Comparison to Sector (Consumer Staples Distribution & Retail)

Dollar General Corp., total asset turnover, long-term trends, comparison to sector (consumer staples distribution & retail)

Microsoft Excel

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


Comparison to Industry (Consumer Staples)

Dollar General Corp., total asset turnover, long-term trends, comparison to industry (consumer staples)

Microsoft Excel

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