Total Asset Turnover
since 2005
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Home Depot Inc. pages available for free this week:
- Income Statement
- Common-Size Balance Sheet: Assets
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Liquidity Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Analysis of Geographic Areas
- Enterprise Value to FCFF (EV/FCFF)
- Capital Asset Pricing Model (CAPM)
- Return on Assets (ROA) since 2005
- Debt to Equity since 2005
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Calculation
Home Depot Inc., total asset turnover, long-term trends, calculation
| Total asset turnover | = | Net sales1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|
| Feb 1, 2026 | = | ÷ | |||
| Feb 2, 2025 | = | ÷ | |||
| Jan 28, 2024 | = | ÷ | |||
| Jan 29, 2023 | = | ÷ | |||
| Jan 30, 2022 | = | ÷ | |||
| Jan 31, 2021 | = | ÷ | |||
| Feb 2, 2020 | = | ÷ | |||
| Feb 3, 2019 | = | ÷ | |||
| Jan 28, 2018 | = | ÷ | |||
| Jan 29, 2017 | = | ÷ | |||
| Jan 31, 2016 | = | ÷ | |||
| Feb 1, 2015 | = | ÷ | |||
| Feb 2, 2014 | = | ÷ | |||
| Feb 3, 2013 | = | ÷ | |||
| Jan 29, 2012 | = | ÷ | |||
| Jan 30, 2011 | = | ÷ | |||
| Jan 31, 2010 | = | ÷ | |||
| Feb 1, 2009 | = | ÷ | |||
| Feb 3, 2008 | = | ÷ | |||
| Jan 28, 2007 | = | ÷ | |||
| Jan 29, 2006 | = | ÷ | |||
| Jan 30, 2005 | = | ÷ |
Based on: 10-K (reporting date: 2026-02-01), 10-K (reporting date: 2025-02-02), 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02), 10-K (reporting date: 2019-02-03), 10-K (reporting date: 2018-01-28), 10-K (reporting date: 2017-01-29), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-02-01), 10-K (reporting date: 2014-02-02), 10-K (reporting date: 2013-02-03), 10-K (reporting date: 2012-01-29), 10-K (reporting date: 2011-01-30), 10-K (reporting date: 2010-01-31), 10-K (reporting date: 2009-02-01), 10-K (reporting date: 2008-02-03), 10-K (reporting date: 2007-01-28), 10-K (reporting date: 2006-01-29), 10-K (reporting date: 2005-01-30).
1 US$ in millions
The total asset turnover ratio for the period examined demonstrates considerable fluctuation, with an overall upward trend punctuated by periods of decline. Initially, the ratio exhibited a slight decrease from 1.88 in 2005 to 1.74 in 2007. A period of relative stability followed between 2007 and 2009, with the ratio remaining between 1.62 and 1.82. A notable increase began in 2010, culminating in a peak of 2.46 in 2019. Subsequently, the ratio experienced a decline, falling to 1.99 in 2023 before a further decrease to 1.57 in 2026.
- Initial Phase (2005-2009)
- The early years show a modest decline in asset turnover, suggesting a slight decrease in the efficiency with which assets were being used to generate sales. The dip in 2008, coinciding with the global financial crisis, may indicate a temporary reduction in sales relative to asset base.
- Growth and Peak (2010-2019)
- From 2010 onwards, the ratio consistently increased, indicating improved asset utilization. The substantial rise to 2.46 in 2019 suggests a significant enhancement in the company’s ability to generate sales from its assets. This period likely reflects strategic initiatives focused on operational efficiency and sales growth.
- Recent Decline (2020-2026)
- The period from 2020 onwards shows a downward trend in the total asset turnover ratio. The ratio decreased from 2.15 in 2020 to 1.57 in 2026. This decline could be attributed to several factors, including increased investment in assets without a corresponding increase in sales, a slowdown in sales growth, or a combination of both. The increase in total assets observed during this period, particularly in 2021 and beyond, appears to be outpacing the growth in net sales.
The fluctuations in the total asset turnover ratio warrant further investigation to determine the underlying causes and potential implications for future performance. The recent decline, in particular, should be closely monitored to assess whether it represents a temporary setback or a more persistent trend.
Comparison to Competitors
Home Depot Inc., total asset turnover, long-term trends, comparison to competitors
| Home Depot Inc. | Amazon.com Inc. | Lowe’s Cos. Inc. | TJX Cos. Inc. | |
|---|---|---|---|---|
| Feb 1, 2026 | ||||
| Feb 2, 2025 | ||||
| Jan 28, 2024 | ||||
| Jan 29, 2023 | ||||
| Jan 30, 2022 | ||||
| Jan 31, 2021 | ||||
| Feb 2, 2020 | ||||
| Feb 3, 2019 | ||||
| Jan 28, 2018 | ||||
| Jan 29, 2017 | ||||
| Jan 31, 2016 | ||||
| Feb 1, 2015 | ||||
| Feb 2, 2014 | ||||
| Feb 3, 2013 | ||||
| Jan 29, 2012 | ||||
| Jan 30, 2011 | ||||
| Jan 31, 2010 | ||||
| Feb 1, 2009 | ||||
| Feb 3, 2008 | ||||
| Jan 28, 2007 | ||||
| Jan 29, 2006 | ||||
| Jan 30, 2005 |
Based on: 10-K (reporting date: 2026-02-01), 10-K (reporting date: 2025-02-02), 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02), 10-K (reporting date: 2019-02-03), 10-K (reporting date: 2018-01-28), 10-K (reporting date: 2017-01-29), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-02-01), 10-K (reporting date: 2014-02-02), 10-K (reporting date: 2013-02-03), 10-K (reporting date: 2012-01-29), 10-K (reporting date: 2011-01-30), 10-K (reporting date: 2010-01-31), 10-K (reporting date: 2009-02-01), 10-K (reporting date: 2008-02-03), 10-K (reporting date: 2007-01-28), 10-K (reporting date: 2006-01-29), 10-K (reporting date: 2005-01-30).
Comparison to Sector (Consumer Discretionary Distribution & Retail)
Home Depot Inc., total asset turnover, long-term trends, comparison to sector (consumer discretionary distribution & retail)
| Home Depot Inc. | Consumer Discretionary Distribution & Retail | |
|---|---|---|
| Feb 1, 2026 | ||
| Feb 2, 2025 | ||
| Jan 28, 2024 | ||
| Jan 29, 2023 | ||
| Jan 30, 2022 | ||
| Jan 31, 2021 | ||
| Feb 2, 2020 | ||
| Feb 3, 2019 | ||
| Jan 28, 2018 | ||
| Jan 29, 2017 | ||
| Jan 31, 2016 | ||
| Feb 1, 2015 | ||
| Feb 2, 2014 | ||
| Feb 3, 2013 | ||
| Jan 29, 2012 | ||
| Jan 30, 2011 | ||
| Jan 31, 2010 | ||
| Feb 1, 2009 | ||
| Feb 3, 2008 | ||
| Jan 28, 2007 | ||
| Jan 29, 2006 | ||
| Jan 30, 2005 |
Based on: 10-K (reporting date: 2026-02-01), 10-K (reporting date: 2025-02-02), 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02), 10-K (reporting date: 2019-02-03), 10-K (reporting date: 2018-01-28), 10-K (reporting date: 2017-01-29), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-02-01), 10-K (reporting date: 2014-02-02), 10-K (reporting date: 2013-02-03), 10-K (reporting date: 2012-01-29), 10-K (reporting date: 2011-01-30), 10-K (reporting date: 2010-01-31), 10-K (reporting date: 2009-02-01), 10-K (reporting date: 2008-02-03), 10-K (reporting date: 2007-01-28), 10-K (reporting date: 2006-01-29), 10-K (reporting date: 2005-01-30).
Comparison to Industry (Consumer Discretionary)
Home Depot Inc., total asset turnover, long-term trends, comparison to industry (consumer discretionary)
| Home Depot Inc. | Consumer Discretionary | |
|---|---|---|
| Feb 1, 2026 | ||
| Feb 2, 2025 | ||
| Jan 28, 2024 | ||
| Jan 29, 2023 | ||
| Jan 30, 2022 | ||
| Jan 31, 2021 | ||
| Feb 2, 2020 | ||
| Feb 3, 2019 | ||
| Jan 28, 2018 | ||
| Jan 29, 2017 | ||
| Jan 31, 2016 | ||
| Feb 1, 2015 | ||
| Feb 2, 2014 | ||
| Feb 3, 2013 | ||
| Jan 29, 2012 | ||
| Jan 30, 2011 | ||
| Jan 31, 2010 | ||
| Feb 1, 2009 | ||
| Feb 3, 2008 | ||
| Jan 28, 2007 | ||
| Jan 29, 2006 | ||
| Jan 30, 2005 |
Based on: 10-K (reporting date: 2026-02-01), 10-K (reporting date: 2025-02-02), 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02), 10-K (reporting date: 2019-02-03), 10-K (reporting date: 2018-01-28), 10-K (reporting date: 2017-01-29), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-02-01), 10-K (reporting date: 2014-02-02), 10-K (reporting date: 2013-02-03), 10-K (reporting date: 2012-01-29), 10-K (reporting date: 2011-01-30), 10-K (reporting date: 2010-01-31), 10-K (reporting date: 2009-02-01), 10-K (reporting date: 2008-02-03), 10-K (reporting date: 2007-01-28), 10-K (reporting date: 2006-01-29), 10-K (reporting date: 2005-01-30).