Stock Analysis on Net

Walmart Inc. (NYSE:WMT)

$24.99

Total Asset Turnover
since 2005

Microsoft Excel

Calculation

Walmart Inc., total asset turnover, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2025-01-31), 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31), 10-K (reporting date: 2018-01-31), 10-K (reporting date: 2017-01-31), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-01-31), 10-K (reporting date: 2013-01-31), 10-K (reporting date: 2012-01-31), 10-K (reporting date: 2011-01-31), 10-K (reporting date: 2010-01-31), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-01-31), 10-K (reporting date: 2007-01-31), 10-K (reporting date: 2006-01-31), 10-K (reporting date: 2005-01-31).

1 US$ in millions


The analysis of the financial data over the period from January 31, 2005, through January 31, 2025, reveals several notable trends regarding net sales, total assets, and total asset turnover.

Net Sales
Net sales have demonstrated a consistent upward trajectory throughout the observed period. Starting at US$285,222 million in 2005, sales increased steadily nearly every year, reaching US$674,538 million by 2025. This represents a more than twofold increase over the 20-year span, indicating sustained revenue growth and an expanding business scale.
Total Assets
Total assets also reflected growth, rising from US$120,223 million in 2005 to US$260,823 million in 2025. However, the increase in assets exhibits some fluctuations and periods of relative stability. For example, there was a slight decline in asset values around the 2012–2013 period and again in the early 2020s. Despite these small decreases, the overall trend remains upward, suggesting ongoing investment and expansion of the asset base to support higher sales volumes.
Total Asset Turnover
Total asset turnover, calculated as the ratio of net sales to total assets, has generally resided between 2.2 and 2.6. Starting at 2.37 in 2005, the ratio shows some mild variability but sustains a level above 2.0 throughout the entire timeframe. Notably, the turnover ratio dipped gradually from 2.37 in 2005 to about 2.2 in 2016–2017, which may indicate relatively slower sales growth compared to asset growth during that phase. Subsequently, turnover began to improve, climbing to 2.59 by 2025, a sign of more efficient use of assets in generating sales in recent years.

In summary, the data indicates strong growth in net sales accompanied by a steady increase in total assets, albeit with some fluctuations. The asset turnover ratio suggests an overall improvement in asset efficiency over the longer term after a period of relative stability and slight decline. This pattern highlights a balance between expanding the asset base and enhancing operational efficiency in revenue generation.


Comparison to Competitors


Comparison to Sector (Consumer Staples Distribution & Retail)

Walmart Inc., total asset turnover, long-term trends, comparison to sector (consumer staples distribution & retail)

Microsoft Excel

Based on: 10-K (reporting date: 2025-01-31), 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31), 10-K (reporting date: 2018-01-31), 10-K (reporting date: 2017-01-31), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-01-31), 10-K (reporting date: 2013-01-31), 10-K (reporting date: 2012-01-31), 10-K (reporting date: 2011-01-31), 10-K (reporting date: 2010-01-31), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-01-31), 10-K (reporting date: 2007-01-31), 10-K (reporting date: 2006-01-31), 10-K (reporting date: 2005-01-31).


Comparison to Industry (Consumer Staples)