Total Asset Turnover
since 2005
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Home Depot Inc. pages available for free this week:
- Income Statement
- Cash Flow Statement
- Common-Size Income Statement
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Geographic Areas
- Enterprise Value to FCFF (EV/FCFF)
- Price to Earnings (P/E) since 2005
- Price to Operating Profit (P/OP) since 2005
- Analysis of Revenues
- Analysis of Debt
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Calculation
Home Depot Inc., total asset turnover, long-term trends, calculation
| Total asset turnover | = | Net sales1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|
| 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: 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
- Net Sales
- Net sales exhibit an overall upward trend over the period analyzed, increasing from $73,094 million in 2005 to $159,514 million projected in 2025. Notable growth phases include the steady rise from 2005 through 2007, a decline during the 2008-2010 period coinciding with broader economic challenges, and a prominent recovery and expansion phase from 2011 onwards. The largest year-over-year increases are observed after 2016, with sales nearly doubling by 2024 compared to the earlier years. However, a slight dip appears in 2024 relative to 2023, followed by a forecasted rebound in 2025.
- Total Assets
- Total assets show a general upward movement over the reported years, albeit with periods of stagnation and decline. From 2005 to 2007, assets increased from $38,907 million to $52,263 million, followed by declines and fluctuations between 2008 and 2015. Beginning in 2016, total assets resumed growth, reaching a forecasted $96,119 million in 2025, more than doubling the initial value. The most substantial increases occur post-2016, particularly notable between 2019 and 2021. Some plateaus and minor decreases are discerned, for instance between 2012 and 2014, and a marginal decline in 2019 compared to 2018.
- Total Asset Turnover Ratio
- The total asset turnover ratio reflects the efficiency with which assets generate sales. The ratio starts at 1.88 in 2005, falls gradually to a low of 1.62 in 2010, suggesting a reduced efficiency in utilizing assets during that period. Thereafter, the turnover ratio improves steadily, peaking at 2.46 in 2019, indicating enhanced asset productivity. However, from 2019 onwards, a declining trend is observable, with the ratio dropping to 1.66 in the 2025 projection. This decline following the peak suggests challenges in maintaining asset efficiency despite growing asset bases and sales.
- Summary Insights
- Through the examined timeframe, net sales have generally escalated, reflecting growth and possibly market expansion or increased demand. Total assets have also increased substantially, particularly in the later years, indicating investments or asset acquisition to support operations. The asset turnover ratio indicates a phase of declining efficiency in the late 2000s followed by a significant improvement through the 2010s, peaking in 2019. The recent downward trend in asset turnover despite high sales and asset values may imply diminishing returns on asset investments or changes in business operations affecting asset utilization. Overall, the company's financial data shows strong sales growth supported by increased asset investment, with fluctuating efficiency in asset use over time.
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 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: 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 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: 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 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: 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).