Stock Analysis on Net

GameStop Corp. (NYSE:GME)

$22.49

This company has been moved to the archive! The financial data has not been updated since June 11, 2024.

Total Asset Turnover
since 2006

Microsoft Excel

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Calculation

GameStop Corp., total asset turnover, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-K (reporting date: 2013-02-02), 10-K (reporting date: 2012-01-28), 10-K (reporting date: 2011-01-29), 10-K (reporting date: 2010-01-30), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-02-02), 10-K (reporting date: 2007-02-03), 10-K (reporting date: 2006-01-28).

1 US$ in thousands

Net Sales
The net sales exhibited an overall growth trend from 2006 through 2012, starting at approximately 3.1 billion US dollars and peaking near 9.55 billion US dollars in 2012. After 2012, net sales generally declined with some minor fluctuations, dropping to approximately 5.27 billion US dollars by 2024. The period between 2014 to 2021 showed a significant decline, with net sales falling from a high of around 9.3 billion US dollars in 2015 to just over 5 billion US dollars in 2021. From 2021 to 2024, sales figures remained relatively stable but on a lower scale than the previous peak years.
Total Assets
Total assets increased steadily from 2006 until 2012, rising from roughly 3 billion US dollars to about 4.8 billion US dollars. After 2012, assets saw a downward trajectory with some volatility. Notably, total assets dropped significantly to around 2.8 billion US dollars by 2020 and remained fluctuating around 2.7 to 3.5 billion US dollars during 2021 to 2024. This decline in total assets corresponds with the reduction in net sales over the same period, suggesting possible asset divestitures or reduced capital investments.
Total Asset Turnover
The total asset turnover ratio, which reflects efficiency in generating sales from assets, improved notably from 1.03 in 2006 peaking at around 2.29 in 2020. This indicates increasing efficiency in asset utilization over much of the time series. After reaching the peak in 2020, there was a decline to 1.72 in 2022 followed by a recovery to 1.95 in 2024. The higher turnover ratios during the years with declining total assets imply that the company managed to generate relatively higher sales volumes per unit of asset despite the overall contraction in total sales and assets. This may reflect improved operational management or a shift towards a less asset-intensive business model.
Overall Observations
The company experienced growth in both net sales and total assets up to the early 2010s, followed by downward trends in both dimensions. Despite the decline in absolute sales and asset values, efficiency—measured by asset turnover—improved substantially, indicating that the company managed assets more effectively over time. However, the reduced scale of sales and assets after 2012 raises concerns regarding market position or industry challenges that might have affected business volume. The recent stability in sales and asset figures coupled with a moderate asset turnover ratio may suggest a stabilization phase following the prior contraction.

Comparison to Competitors

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

Microsoft Excel

Based on: 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-K (reporting date: 2013-02-02), 10-K (reporting date: 2012-01-28), 10-K (reporting date: 2011-01-29), 10-K (reporting date: 2010-01-30), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-02-02), 10-K (reporting date: 2007-02-03), 10-K (reporting date: 2006-01-28).


Comparison to Sector (Consumer Discretionary Distribution & Retail)

GameStop Corp., total asset turnover, long-term trends, comparison to sector (consumer discretionary distribution & retail)

Microsoft Excel

Based on: 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-K (reporting date: 2013-02-02), 10-K (reporting date: 2012-01-28), 10-K (reporting date: 2011-01-29), 10-K (reporting date: 2010-01-30), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-02-02), 10-K (reporting date: 2007-02-03), 10-K (reporting date: 2006-01-28).


Comparison to Industry (Consumer Discretionary)

GameStop Corp., total asset turnover, long-term trends, comparison to industry (consumer discretionary)

Microsoft Excel

Based on: 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-K (reporting date: 2013-02-02), 10-K (reporting date: 2012-01-28), 10-K (reporting date: 2011-01-29), 10-K (reporting date: 2010-01-30), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-02-02), 10-K (reporting date: 2007-02-03), 10-K (reporting date: 2006-01-28).