Total Asset Turnover
since 2005
Calculation
Lowe’s Cos. Inc., total asset turnover, long-term trends, calculation
| Total asset turnover | = | Net sales1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|
| Jan 31, 2025 | 1.94 | = | 83,674) | ÷ | 43,102) |
| Feb 2, 2024 | 2.07 | = | 86,377) | ÷ | 41,795) |
| Feb 3, 2023 | 2.22 | = | 97,059) | ÷ | 43,708) |
| Jan 28, 2022 | 2.16 | = | 96,250) | ÷ | 44,640) |
| Jan 29, 2021 | 1.92 | = | 89,597) | ÷ | 46,735) |
| Jan 31, 2020 | 1.83 | = | 72,148) | ÷ | 39,471) |
| Feb 1, 2019 | 2.07 | = | 71,309) | ÷ | 34,508) |
| Feb 2, 2018 | 1.94 | = | 68,619) | ÷ | 35,291) |
| Feb 3, 2017 | 1.89 | = | 65,017) | ÷ | 34,408) |
| Jan 29, 2016 | 1.89 | = | 59,074) | ÷ | 31,266) |
| Jan 30, 2015 | 1.77 | = | 56,223) | ÷ | 31,827) |
| Jan 31, 2014 | 1.63 | = | 53,417) | ÷ | 32,732) |
| Feb 1, 2013 | 1.55 | = | 50,521) | ÷ | 32,666) |
| Feb 3, 2012 | 1.50 | = | 50,208) | ÷ | 33,559) |
| Jan 28, 2011 | 1.45 | = | 48,815) | ÷ | 33,699) |
| Jan 29, 2010 | 1.43 | = | 47,220) | ÷ | 33,005) |
| Jan 30, 2009 | 1.48 | = | 48,230) | ÷ | 32,686) |
| Feb 1, 2008 | 1.56 | = | 48,283) | ÷ | 30,869) |
| Feb 2, 2007 | 1.69 | = | 46,927) | ÷ | 27,767) |
| Feb 3, 2006 | 1.75 | = | 43,243) | ÷ | 24,682) |
| Jan 28, 2005 | 1.72 | = | 36,464) | ÷ | 21,209) |
Based on: 10-K (reporting date: 2025-01-31), 10-K (reporting date: 2024-02-02), 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), 10-K (reporting date: 2017-02-03), 10-K (reporting date: 2016-01-29), 10-K (reporting date: 2015-01-30), 10-K (reporting date: 2014-01-31), 10-K (reporting date: 2013-02-01), 10-K (reporting date: 2012-02-03), 10-K (reporting date: 2011-01-28), 10-K (reporting date: 2010-01-29), 10-K (reporting date: 2009-01-30), 10-K (reporting date: 2008-02-01), 10-K (reporting date: 2007-02-02), 10-K (reporting date: 2006-02-03), 10-K (reporting date: 2005-01-28).
1 US$ in millions
- Net Sales
- Over the period examined, net sales exhibited a general upward trajectory, increasing from 36,464 million US dollars in early 2005 to a peak of 97,059 million US dollars by early 2024. Despite this overall growth, there was a notable decline in net sales after the peak, with values falling to 86,377 million US dollars in early 2024 and further down to 83,674 million US dollars in early 2025. This suggests a recent downturn following a period of sustained sales growth.
- Total Assets
- Total assets demonstrated a steady increase from 21,209 million US dollars in 2005 to a maximum of 46,735 million US dollars in early 2021. After this peak, the asset base experienced a reduction, declining to 41,795 million US dollars by early 2025. This pattern indicates an initial phase of asset accumulation followed by a contraction in the asset base in more recent years.
- Total Asset Turnover Ratio
- The total asset turnover ratio showed variation throughout the period, initially declining from 1.72 in 2005 to a low of 1.43 in 2010, indicating a reduction in efficiency with which assets were utilized to generate sales. Subsequent years witnessed an improvement, with the ratio rising to a high of 2.22 in early 2023, before declining slightly to 1.94 by early 2025. The improvement from 2010 onwards suggests enhanced asset utilization efficiency, although the recent decrease may reflect beginning efficiency challenges or impacts from the reduced asset base or sales decline.
- Overall Observations
- The data reflects a company that expanded both its sales and asset base substantially over two decades, improving its efficiency in asset usage during the middle part of the period. However, the last few years show signs of strain, with declining sales, a shrinking asset base, and a pullback in asset turnover efficiency. These trends could be indicative of market pressures, operational challenges, or strategic shifts impacting performance.
Comparison to Competitors
Lowe’s Cos. Inc., total asset turnover, long-term trends, comparison to competitors
| Lowe’s Cos. Inc. | Amazon.com Inc. | Home Depot Inc. | TJX Cos. Inc. | |
|---|---|---|---|---|
| Jan 31, 2025 | 1.94 | — | 1.66 | 1.78 |
| Feb 2, 2024 | 2.07 | 1.02 | 1.99 | 1.82 |
| Feb 3, 2023 | 2.22 | 1.09 | 2.06 | 1.76 |
| Jan 28, 2022 | 2.16 | 1.11 | 2.10 | 1.71 |
| Jan 29, 2021 | 1.92 | 1.12 | 1.87 | 1.04 |
| Jan 31, 2020 | 1.83 | 1.20 | 2.15 | 1.73 |
| Feb 1, 2019 | 2.07 | 1.25 | 2.46 | 2.72 |
| Feb 2, 2018 | 1.94 | 1.43 | 2.27 | 2.55 |
| Feb 3, 2017 | 1.89 | 1.35 | 2.20 | 2.58 |
| Jan 29, 2016 | 1.89 | 1.63 | 2.08 | 2.69 |
| Jan 30, 2015 | 1.77 | 1.64 | 2.08 | 2.61 |
| Jan 31, 2014 | 1.63 | 1.63 | 1.95 | 2.69 |
| Feb 1, 2013 | 1.55 | 1.85 | 1.82 | 2.72 |
| Feb 3, 2012 | 1.50 | 1.88 | 1.74 | 2.80 |
| Jan 28, 2011 | 1.45 | 1.90 | 1.69 | 2.75 |
| Jan 29, 2010 | 1.43 | 1.82 | 1.62 | 2.72 |
| Jan 30, 2009 | 1.48 | 1.77 | 1.73 | 3.08 |
| Feb 1, 2008 | 1.56 | 2.31 | 1.75 | 2.83 |
| Feb 2, 2007 | 1.69 | 2.29 | 1.74 | 2.86 |
| Feb 3, 2006 | 1.75 | 2.45 | 1.83 | 2.92 |
| Jan 28, 2005 | 1.72 | 2.30 | 1.88 | 2.94 |
Based on: 10-K (reporting date: 2025-01-31), 10-K (reporting date: 2024-02-02), 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), 10-K (reporting date: 2017-02-03), 10-K (reporting date: 2016-01-29), 10-K (reporting date: 2015-01-30), 10-K (reporting date: 2014-01-31), 10-K (reporting date: 2013-02-01), 10-K (reporting date: 2012-02-03), 10-K (reporting date: 2011-01-28), 10-K (reporting date: 2010-01-29), 10-K (reporting date: 2009-01-30), 10-K (reporting date: 2008-02-01), 10-K (reporting date: 2007-02-02), 10-K (reporting date: 2006-02-03), 10-K (reporting date: 2005-01-28).
Comparison to Sector (Consumer Discretionary Distribution & Retail)
Lowe’s Cos. Inc., total asset turnover, long-term trends, comparison to sector (consumer discretionary distribution & retail)
| Lowe’s Cos. Inc. | Consumer Discretionary Distribution & Retail | |
|---|---|---|
| Jan 31, 2025 | 1.94 | — |
| Feb 2, 2024 | 2.07 | 1.20 |
| Feb 3, 2023 | 2.22 | 1.30 |
| Jan 28, 2022 | 2.16 | 1.33 |
| Jan 29, 2021 | 1.92 | 1.27 |
| Jan 31, 2020 | 1.83 | 1.40 |
| Feb 1, 2019 | 2.07 | 1.57 |
| Feb 2, 2018 | 1.94 | 1.71 |
| Feb 3, 2017 | 1.89 | 1.67 |
| Jan 29, 2016 | 1.89 | 1.86 |
| Jan 30, 2015 | 1.77 | 1.86 |
| Jan 31, 2014 | 1.63 | 1.80 |
| Feb 1, 2013 | 1.55 | 1.83 |
| Feb 3, 2012 | 1.50 | 1.78 |
| Jan 28, 2011 | 1.45 | 1.74 |
| Jan 29, 2010 | 1.43 | 1.68 |
| Jan 30, 2009 | 1.48 | 1.74 |
| Feb 1, 2008 | 1.56 | 1.81 |
| Feb 2, 2007 | 1.69 | 1.84 |
| Feb 3, 2006 | 1.75 | 1.92 |
| Jan 28, 2005 | 1.72 | 1.93 |
Based on: 10-K (reporting date: 2025-01-31), 10-K (reporting date: 2024-02-02), 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), 10-K (reporting date: 2017-02-03), 10-K (reporting date: 2016-01-29), 10-K (reporting date: 2015-01-30), 10-K (reporting date: 2014-01-31), 10-K (reporting date: 2013-02-01), 10-K (reporting date: 2012-02-03), 10-K (reporting date: 2011-01-28), 10-K (reporting date: 2010-01-29), 10-K (reporting date: 2009-01-30), 10-K (reporting date: 2008-02-01), 10-K (reporting date: 2007-02-02), 10-K (reporting date: 2006-02-03), 10-K (reporting date: 2005-01-28).
Comparison to Industry (Consumer Discretionary)
Lowe’s Cos. Inc., total asset turnover, long-term trends, comparison to industry (consumer discretionary)
| Lowe’s Cos. Inc. | Consumer Discretionary | |
|---|---|---|
| Jan 31, 2025 | 1.94 | — |
| Feb 2, 2024 | 2.07 | 0.94 |
| Feb 3, 2023 | 2.22 | 0.97 |
| Jan 28, 2022 | 2.16 | 0.96 |
| Jan 29, 2021 | 1.92 | 0.88 |
| Jan 31, 2020 | 1.83 | 0.84 |
| Feb 1, 2019 | 2.07 | 0.94 |
| Feb 2, 2018 | 1.94 | 0.96 |
| Feb 3, 2017 | 1.89 | 0.93 |
| Jan 29, 2016 | 1.89 | 0.96 |
| Jan 30, 2015 | 1.77 | 0.98 |
| Jan 31, 2014 | 1.63 | 1.02 |
| Feb 1, 2013 | 1.55 | 1.04 |
| Feb 3, 2012 | 1.50 | 1.06 |
| Jan 28, 2011 | 1.45 | 1.08 |
| Jan 29, 2010 | 1.43 | 1.04 |
| Jan 30, 2009 | 1.48 | 0.94 |
| Feb 1, 2008 | 1.56 | 0.96 |
| Feb 2, 2007 | 1.69 | 0.88 |
| Feb 3, 2006 | 1.75 | 0.82 |
| Jan 28, 2005 | 1.72 | 0.85 |
Based on: 10-K (reporting date: 2025-01-31), 10-K (reporting date: 2024-02-02), 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), 10-K (reporting date: 2017-02-03), 10-K (reporting date: 2016-01-29), 10-K (reporting date: 2015-01-30), 10-K (reporting date: 2014-01-31), 10-K (reporting date: 2013-02-01), 10-K (reporting date: 2012-02-03), 10-K (reporting date: 2011-01-28), 10-K (reporting date: 2010-01-29), 10-K (reporting date: 2009-01-30), 10-K (reporting date: 2008-02-01), 10-K (reporting date: 2007-02-02), 10-K (reporting date: 2006-02-03), 10-K (reporting date: 2005-01-28).