Stock Analysis on Net

Dollar General Corp. (NYSE:DG)

This company has been moved to the archive! The financial data has not been updated since August 31, 2023.

Analysis of Long-term (Investment) Activity Ratios 

Microsoft Excel

Long-term Activity Ratios (Summary)

Dollar General Corp., long-term (investment) activity ratios

Microsoft Excel
Feb 3, 2023 Jan 28, 2022 Jan 29, 2021 Jan 31, 2020 Feb 1, 2019 Feb 2, 2018
Net fixed asset turnover 7.23 7.87 8.65 8.47 8.63 8.69
Net fixed asset turnover (including operating lease, right-of-use asset) 2.38 2.37 2.52 2.30 8.63 8.69
Total asset turnover 1.30 1.30 1.30 1.22 1.94 1.88
Equity turnover 6.83 5.46 5.07 4.14 3.99 3.83

Based on: 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).

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. Dollar General Corp. net fixed asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023.
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). Dollar General Corp. net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023.
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Dollar General Corp. total asset turnover ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023.
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. Dollar General Corp. equity turnover ratio improved from 2021 to 2022 and from 2022 to 2023.

Net Fixed Asset Turnover

Dollar General Corp., net fixed asset turnover calculation, comparison to benchmarks

Microsoft Excel
Feb 3, 2023 Jan 28, 2022 Jan 29, 2021 Jan 31, 2020 Feb 1, 2019 Feb 2, 2018
Selected Financial Data (US$ in thousands)
Net sales 37,844,863 34,220,449 33,746,839 27,753,973 25,625,043 23,470,967
Net property and equipment 5,236,309 4,346,127 3,899,997 3,278,359 2,970,806 2,701,282
Long-term Activity Ratio
Net fixed asset turnover1 7.23 7.87 8.65 8.47 8.63 8.69
Benchmarks
Net Fixed Asset Turnover, Competitors2
Costco Wholesale Corp. 8.49 8.48 7.84 7.29 7.03 6.92
Target Corp. 3.41 3.71 3.44 2.93 2.92
Walmart Inc. 5.73 5.74 5.77 4.74 4.58
Net Fixed Asset Turnover, Sector
Consumer Staples Distribution & Retail 5.76 5.84 5.69 4.80 4.64
Net Fixed Asset Turnover, Industry
Consumer Staples 5.24 5.30 5.14 4.44 4.34

Based on: 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).

1 2023 Calculation
Net fixed asset turnover = Net sales ÷ Net property and equipment
= 37,844,863 ÷ 5,236,309 = 7.23

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. Dollar General Corp. net fixed asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)

Dollar General Corp., net fixed asset turnover (including operating lease, right-of-use asset) calculation, comparison to benchmarks

Microsoft Excel
Feb 3, 2023 Jan 28, 2022 Jan 29, 2021 Jan 31, 2020 Feb 1, 2019 Feb 2, 2018
Selected Financial Data (US$ in thousands)
Net sales 37,844,863 34,220,449 33,746,839 27,753,973 25,625,043 23,470,967
 
Net property and equipment 5,236,309 4,346,127 3,899,997 3,278,359 2,970,806 2,701,282
Operating lease assets 10,670,014 10,092,930 9,473,330 8,796,183
Net property and equipment (including operating lease, right-of-use asset) 15,906,323 14,439,057 13,373,327 12,074,542 2,970,806 2,701,282
Long-term Activity Ratio
Net fixed asset turnover (including operating lease, right-of-use asset)1 2.38 2.37 2.52 2.30 8.63 8.69
Benchmarks
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2
Costco Wholesale Corp. 7.74 7.67 7.01 6.48 7.03 6.92
Target Corp. 3.15 3.40 3.17 2.70 2.71
Walmart Inc. 5.08 5.04 5.05 4.09 4.58
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector
Consumer Staples Distribution & Retail 5.17 5.19 5.05 4.21 4.58
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry
Consumer Staples 4.75 4.77 4.62 3.96 4.24

Based on: 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).

1 2023 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset) = Net sales ÷ Net property and equipment (including operating lease, right-of-use asset)
= 37,844,863 ÷ 15,906,323 = 2.38

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). Dollar General Corp. net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023.

Total Asset Turnover

Dollar General Corp., total asset turnover calculation, comparison to benchmarks

Microsoft Excel
Feb 3, 2023 Jan 28, 2022 Jan 29, 2021 Jan 31, 2020 Feb 1, 2019 Feb 2, 2018
Selected Financial Data (US$ in thousands)
Net sales 37,844,863 34,220,449 33,746,839 27,753,973 25,625,043 23,470,967
Total assets 29,083,367 26,327,371 25,862,624 22,825,084 13,204,038 12,516,911
Long-term Activity Ratio
Total asset turnover1 1.30 1.30 1.30 1.22 1.94 1.88
Benchmarks
Total Asset Turnover, Competitors2
Costco Wholesale Corp. 3.45 3.47 3.24 2.94 3.29 3.39
Target Corp. 2.02 1.94 1.80 1.80 1.80
Walmart Inc. 2.49 2.32 2.20 2.20 2.33
Total Asset Turnover, Sector
Consumer Staples Distribution & Retail 2.60 2.47 2.31 2.27 2.40
Total Asset Turnover, Industry
Consumer Staples 1.55 1.50 1.40 1.31 1.37

Based on: 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).

1 2023 Calculation
Total asset turnover = Net sales ÷ Total assets
= 37,844,863 ÷ 29,083,367 = 1.30

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. Dollar General Corp. total asset turnover ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023.

Equity Turnover

Dollar General Corp., equity turnover calculation, comparison to benchmarks

Microsoft Excel
Feb 3, 2023 Jan 28, 2022 Jan 29, 2021 Jan 31, 2020 Feb 1, 2019 Feb 2, 2018
Selected Financial Data (US$ in thousands)
Net sales 37,844,863 34,220,449 33,746,839 27,753,973 25,625,043 23,470,967
Shareholders’ equity 5,541,772 6,261,986 6,661,238 6,702,500 6,417,393 6,125,774
Long-term Activity Ratio
Equity turnover1 6.83 5.46 5.07 4.14 3.99 3.83
Benchmarks
Equity Turnover, Competitors2
Costco Wholesale Corp. 9.49 10.79 10.93 8.93 9.80 10.82
Target Corp. 9.58 8.16 6.40 6.52 6.59
Walmart Inc. 7.90 6.82 6.86 6.96 7.04
Equity Turnover, Sector
Consumer Staples Distribution & Retail 8.42 7.67 7.44 7.26 7.41
Equity Turnover, Industry
Consumer Staples 5.38 5.11 4.84 4.60 4.48

Based on: 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).

1 2023 Calculation
Equity turnover = Net sales ÷ Shareholders’ equity
= 37,844,863 ÷ 5,541,772 = 6.83

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. Dollar General Corp. equity turnover ratio improved from 2021 to 2022 and from 2022 to 2023.