Total Asset Turnover
since 2006
Calculation
GameStop Corp., total asset turnover, long-term trends, calculation
| Total asset turnover | = | Net sales1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|
| Feb 3, 2024 | 1.95 | = | 5,272,800) | ÷ | 2,709,000) |
| Jan 28, 2023 | 1.90 | = | 5,927,200) | ÷ | 3,113,400) |
| Jan 29, 2022 | 1.72 | = | 6,010,700) | ÷ | 3,499,300) |
| Jan 30, 2021 | 2.06 | = | 5,089,800) | ÷ | 2,472,600) |
| Feb 1, 2020 | 2.29 | = | 6,466,000) | ÷ | 2,819,700) |
| Feb 2, 2019 | 2.05 | = | 8,285,300) | ÷ | 4,044,300) |
| Feb 3, 2018 | 1.83 | = | 9,224,600) | ÷ | 5,041,600) |
| Jan 28, 2017 | 1.73 | = | 8,607,900) | ÷ | 4,975,900) |
| Jan 30, 2016 | 2.16 | = | 9,363,800) | ÷ | 4,334,900) |
| Jan 31, 2015 | 2.19 | = | 9,296,000) | ÷ | 4,246,300) |
| Feb 1, 2014 | 2.21 | = | 9,039,500) | ÷ | 4,091,400) |
| Feb 2, 2013 | 2.15 | = | 8,886,700) | ÷ | 4,133,600) |
| Jan 28, 2012 | 1.97 | = | 9,550,500) | ÷ | 4,847,400) |
| Jan 29, 2011 | 1.87 | = | 9,473,700) | ÷ | 5,063,800) |
| Jan 30, 2010 | 1.83 | = | 9,077,997) | ÷ | 4,955,327) |
| Jan 31, 2009 | 1.95 | = | 8,805,897) | ÷ | 4,512,590) |
| Feb 2, 2008 | 1.88 | = | 7,093,962) | ÷ | 3,775,891) |
| Feb 3, 2007 | 1.59 | = | 5,318,900) | ÷ | 3,349,584) |
| Jan 28, 2006 | 1.03 | = | 3,091,783) | ÷ | 3,015,119) |
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
The analysis of total asset turnover from 2006 to 2024 reveals three distinct phases of operational efficiency: a period of rapid expansion, a phase of stability with high utilization, and a recent period of structural contraction.
- Expansion and Efficiency Gains (2006–2011)
- A significant increase in operational efficiency is observed during this period. Net sales grew from approximately 3.1 billion to a peak of 9.5 billion, while total assets increased from 3.0 billion to 5.1 billion. Because revenue growth outpaced asset accumulation, the total asset turnover ratio improved substantially, rising from 1.03 to 1.87.
- Operational Stability and Peak Utilization (2012–2019)
- The total asset turnover ratio remained consistently high, generally fluctuating between 1.73 and 2.21. A notable peak occurred in 2014 with a ratio of 2.21, driven by a reduction in total assets to approximately 4.1 billion while net sales remained above 9.0 billion. This indicates a phase where the organization maximized revenue generation relative to its asset base.
- Structural Contraction and Recent Trends (2020–2024)
- A period of volatility is evident as both net sales and total assets experienced sharp declines. Net sales fell from 8.3 billion in 2019 to 5.3 billion by 2024, and total assets decreased from 4.0 billion to 2.7 billion. Interestingly, the highest total asset turnover ratio of 2.29 was recorded in 2020, suggesting that the reduction in the asset base was more aggressive than the decline in sales during that timeframe. In the most recent three years, the ratio has stabilized between 1.72 and 1.95, reflecting a recalibrated relationship between a smaller asset base and lower sales volumes.
AI Ask an analyst for more
Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
How can I help you?
Comparison to Competitors
GameStop Corp., total asset turnover, long-term trends, comparison to competitors
| GameStop Corp. | Amazon.com Inc. | Home Depot Inc. | Lowe’s Cos. Inc. | TJX Cos. Inc. | |
|---|---|---|---|---|---|
| Feb 3, 2024 | 1.95 | 1.02 | 1.99 | 2.07 | 1.82 |
| Jan 28, 2023 | 1.90 | 1.09 | 2.06 | 2.22 | 1.76 |
| Jan 29, 2022 | 1.72 | 1.11 | 2.10 | 2.16 | 1.71 |
| Jan 30, 2021 | 2.06 | 1.12 | 1.87 | 1.92 | 1.04 |
| Feb 1, 2020 | 2.29 | 1.20 | 2.15 | 1.83 | 1.73 |
| Feb 2, 2019 | 2.05 | 1.25 | 2.46 | 2.07 | 2.72 |
| Feb 3, 2018 | 1.83 | 1.43 | 2.27 | 1.94 | 2.55 |
| Jan 28, 2017 | 1.73 | 1.35 | 2.20 | 1.89 | 2.58 |
| Jan 30, 2016 | 2.16 | 1.63 | 2.08 | 1.89 | 2.69 |
| Jan 31, 2015 | 2.19 | 1.64 | 2.08 | 1.77 | 2.61 |
| Feb 1, 2014 | 2.21 | 1.63 | 1.95 | 1.63 | 2.69 |
| Feb 2, 2013 | 2.15 | 1.85 | 1.82 | 1.55 | 2.72 |
| Jan 28, 2012 | 1.97 | 1.88 | 1.74 | 1.50 | 2.80 |
| Jan 29, 2011 | 1.87 | 1.90 | 1.69 | 1.45 | 2.75 |
| Jan 30, 2010 | 1.83 | 1.82 | 1.62 | 1.43 | 2.72 |
| Jan 31, 2009 | 1.95 | 1.77 | 1.73 | 1.48 | 3.08 |
| Feb 2, 2008 | 1.88 | 2.31 | 1.75 | 1.56 | 2.83 |
| Feb 3, 2007 | 1.59 | 2.29 | 1.74 | 1.69 | 2.86 |
| Jan 28, 2006 | 1.03 | 2.45 | 1.83 | 1.75 | 2.92 |
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)
| GameStop Corp. | Consumer Discretionary Distribution & Retail | |
|---|---|---|
| Feb 3, 2024 | 1.95 | 1.20 |
| Jan 28, 2023 | 1.90 | 1.30 |
| Jan 29, 2022 | 1.72 | 1.33 |
| Jan 30, 2021 | 2.06 | 1.27 |
| Feb 1, 2020 | 2.29 | 1.40 |
| Feb 2, 2019 | 2.05 | 1.57 |
| Feb 3, 2018 | 1.83 | 1.71 |
| Jan 28, 2017 | 1.73 | 1.67 |
| Jan 30, 2016 | 2.16 | 1.86 |
| Jan 31, 2015 | 2.19 | 1.86 |
| Feb 1, 2014 | 2.21 | 1.80 |
| Feb 2, 2013 | 2.15 | 1.83 |
| Jan 28, 2012 | 1.97 | 1.78 |
| Jan 29, 2011 | 1.87 | 1.74 |
| Jan 30, 2010 | 1.83 | 1.68 |
| Jan 31, 2009 | 1.95 | 1.74 |
| Feb 2, 2008 | 1.88 | 1.81 |
| Feb 3, 2007 | 1.59 | 1.84 |
| Jan 28, 2006 | 1.03 | 1.92 |
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)
| GameStop Corp. | Consumer Discretionary | |
|---|---|---|
| Feb 3, 2024 | 1.95 | 0.93 |
| Jan 28, 2023 | 1.90 | 0.97 |
| Jan 29, 2022 | 1.72 | 0.96 |
| Jan 30, 2021 | 2.06 | 0.88 |
| Feb 1, 2020 | 2.29 | 0.84 |
| Feb 2, 2019 | 2.05 | 0.94 |
| Feb 3, 2018 | 1.83 | 0.96 |
| Jan 28, 2017 | 1.73 | 0.93 |
| Jan 30, 2016 | 2.16 | 0.96 |
| Jan 31, 2015 | 2.19 | 0.98 |
| Feb 1, 2014 | 2.21 | 1.02 |
| Feb 2, 2013 | 2.15 | 1.04 |
| Jan 28, 2012 | 1.97 | 1.06 |
| Jan 29, 2011 | 1.87 | 1.08 |
| Jan 30, 2010 | 1.83 | 1.04 |
| Jan 31, 2009 | 1.95 | 0.94 |
| Feb 2, 2008 | 1.88 | 0.96 |
| Feb 3, 2007 | 1.59 | 0.88 |
| Jan 28, 2006 | 1.03 | 0.82 |
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).