Total Asset Turnover
since 2005
Calculation
Williams-Sonoma Inc., total asset turnover, long-term trends, calculation
| Total asset turnover | = | Net revenues1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|
| Jan 28, 2024 | 1.47 | = | 7,750,652) | ÷ | 5,273,548) |
| Jan 29, 2023 | 1.86 | = | 8,674,417) | ÷ | 4,663,016) |
| Jan 30, 2022 | 1.78 | = | 8,245,936) | ÷ | 4,625,620) |
| Jan 31, 2021 | 1.46 | = | 6,783,189) | ÷ | 4,661,424) |
| Feb 2, 2020 | 1.45 | = | 5,898,008) | ÷ | 4,054,042) |
| Feb 3, 2019 | 2.02 | = | 5,671,593) | ÷ | 2,812,844) |
| Jan 28, 2018 | 1.90 | = | 5,292,359) | ÷ | 2,785,749) |
| Jan 29, 2017 | 2.05 | = | 5,083,812) | ÷ | 2,476,879) |
| Jan 31, 2016 | 2.06 | = | 4,976,090) | ÷ | 2,417,427) |
| Feb 1, 2015 | 2.02 | = | 4,698,719) | ÷ | 2,330,277) |
| Feb 2, 2014 | 1.88 | = | 4,387,889) | ÷ | 2,336,734) |
| Feb 3, 2013 | 1.85 | = | 4,042,870) | ÷ | 2,187,679) |
| Jan 29, 2012 | 1.81 | = | 3,720,895) | ÷ | 2,060,838) |
| Jan 30, 2011 | 1.64 | = | 3,504,158) | ÷ | 2,131,762) |
| Jan 31, 2010 | 1.49 | = | 3,102,704) | ÷ | 2,079,169) |
| Feb 1, 2009 | 1.74 | = | 3,361,472) | ÷ | 1,935,464) |
| Feb 3, 2008 | 1.88 | = | 3,944,934) | ÷ | 2,093,854) |
| Jan 28, 2007 | 1.82 | = | 3,727,513) | ÷ | 2,048,331) |
| Jan 29, 2006 | 1.79 | = | 3,538,947) | ÷ | 1,981,620) |
| Jan 30, 2005 | 1.80 | = | 3,136,931) | ÷ | 1,745,545) |
Based on: 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 thousands
The analysis of financial performance from 2005 to 2024 reveals a period of relative operational stability followed by a phase of significant asset expansion and subsequent volatility in efficiency. For the first fifteen years of the period, the total asset turnover ratio remained remarkably consistent, generally fluctuating between 1.50 and 2.06, which indicates a stable capacity to generate sales from the asset base.
- Revenue and Asset Growth Dynamics
- Net revenues exhibited a long-term upward trajectory, increasing from approximately $3.1 billion in 2005 to a peak of $8.7 billion in 2023, before declining to $7.8 billion in 2024. Total assets remained relatively flat until 2019, after which a substantial increase occurred. Assets rose from $2.8 billion in 2019 to $4.1 billion in 2020, continuing a climb to $5.3 billion by 2024.
- Asset Turnover Performance Patterns
- The asset turnover ratio reached its peak of 2.06 in 2016, reflecting maximum asset productivity during that era. A sharp contraction in the ratio is observed in 2020, dropping to 1.45. This decline corresponds directly with the rapid increase in total assets, which outpaced the growth in net revenues during that specific transition.
- Recent Efficiency Trends
- A recovery in efficiency is evident between 2021 and 2023, where the ratio climbed back to 1.86. This improvement was driven by record-high revenues reaching $8.7 billion. However, the 2024 results show a renewed decline to 1.47, resulting from a combination of decreasing net revenues and a continuing increase in the total asset base.
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Comparison to Competitors
Williams-Sonoma Inc., total asset turnover, long-term trends, comparison to competitors
| Williams-Sonoma Inc. | Amazon.com Inc. | Home Depot Inc. | Lowe’s Cos. Inc. | TJX Cos. Inc. | |
|---|---|---|---|---|---|
| Jan 28, 2024 | 1.47 | 1.02 | 1.99 | 2.07 | 1.82 |
| Jan 29, 2023 | 1.86 | 1.09 | 2.06 | 2.22 | 1.76 |
| Jan 30, 2022 | 1.78 | 1.11 | 2.10 | 2.16 | 1.71 |
| Jan 31, 2021 | 1.46 | 1.12 | 1.87 | 1.92 | 1.04 |
| Feb 2, 2020 | 1.45 | 1.20 | 2.15 | 1.83 | 1.73 |
| Feb 3, 2019 | 2.02 | 1.25 | 2.46 | 2.07 | 2.72 |
| Jan 28, 2018 | 1.90 | 1.43 | 2.27 | 1.94 | 2.55 |
| Jan 29, 2017 | 2.05 | 1.35 | 2.20 | 1.89 | 2.58 |
| Jan 31, 2016 | 2.06 | 1.63 | 2.08 | 1.89 | 2.69 |
| Feb 1, 2015 | 2.02 | 1.64 | 2.08 | 1.77 | 2.61 |
| Feb 2, 2014 | 1.88 | 1.63 | 1.95 | 1.63 | 2.69 |
| Feb 3, 2013 | 1.85 | 1.85 | 1.82 | 1.55 | 2.72 |
| Jan 29, 2012 | 1.81 | 1.88 | 1.74 | 1.50 | 2.80 |
| Jan 30, 2011 | 1.64 | 1.90 | 1.69 | 1.45 | 2.75 |
| Jan 31, 2010 | 1.49 | 1.82 | 1.62 | 1.43 | 2.72 |
| Feb 1, 2009 | 1.74 | 1.77 | 1.73 | 1.48 | 3.08 |
| Feb 3, 2008 | 1.88 | 2.31 | 1.75 | 1.56 | 2.83 |
| Jan 28, 2007 | 1.82 | 2.29 | 1.74 | 1.69 | 2.86 |
| Jan 29, 2006 | 1.79 | 2.45 | 1.83 | 1.75 | 2.92 |
| Jan 30, 2005 | 1.80 | 2.30 | 1.88 | 1.72 | 2.94 |
Based on: 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)
Williams-Sonoma Inc., total asset turnover, long-term trends, comparison to sector (consumer discretionary distribution & retail)
| Williams-Sonoma Inc. | Consumer Discretionary Distribution & Retail | |
|---|---|---|
| Jan 28, 2024 | 1.47 | 1.20 |
| Jan 29, 2023 | 1.86 | 1.30 |
| Jan 30, 2022 | 1.78 | 1.33 |
| Jan 31, 2021 | 1.46 | 1.27 |
| Feb 2, 2020 | 1.45 | 1.40 |
| Feb 3, 2019 | 2.02 | 1.57 |
| Jan 28, 2018 | 1.90 | 1.71 |
| Jan 29, 2017 | 2.05 | 1.67 |
| Jan 31, 2016 | 2.06 | 1.86 |
| Feb 1, 2015 | 2.02 | 1.86 |
| Feb 2, 2014 | 1.88 | 1.80 |
| Feb 3, 2013 | 1.85 | 1.83 |
| Jan 29, 2012 | 1.81 | 1.78 |
| Jan 30, 2011 | 1.64 | 1.74 |
| Jan 31, 2010 | 1.49 | 1.68 |
| Feb 1, 2009 | 1.74 | 1.74 |
| Feb 3, 2008 | 1.88 | 1.81 |
| Jan 28, 2007 | 1.82 | 1.84 |
| Jan 29, 2006 | 1.79 | 1.92 |
| Jan 30, 2005 | 1.80 | 1.93 |
Based on: 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)
Williams-Sonoma Inc., total asset turnover, long-term trends, comparison to industry (consumer discretionary)
| Williams-Sonoma Inc. | Consumer Discretionary | |
|---|---|---|
| Jan 28, 2024 | 1.47 | 0.93 |
| Jan 29, 2023 | 1.86 | 0.97 |
| Jan 30, 2022 | 1.78 | 0.96 |
| Jan 31, 2021 | 1.46 | 0.88 |
| Feb 2, 2020 | 1.45 | 0.84 |
| Feb 3, 2019 | 2.02 | 0.94 |
| Jan 28, 2018 | 1.90 | 0.96 |
| Jan 29, 2017 | 2.05 | 0.93 |
| Jan 31, 2016 | 2.06 | 0.96 |
| Feb 1, 2015 | 2.02 | 0.98 |
| Feb 2, 2014 | 1.88 | 1.02 |
| Feb 3, 2013 | 1.85 | 1.04 |
| Jan 29, 2012 | 1.81 | 1.06 |
| Jan 30, 2011 | 1.64 | 1.08 |
| Jan 31, 2010 | 1.49 | 1.04 |
| Feb 1, 2009 | 1.74 | 0.94 |
| Feb 3, 2008 | 1.88 | 0.96 |
| Jan 28, 2007 | 1.82 | 0.88 |
| Jan 29, 2006 | 1.79 | 0.82 |
| Jan 30, 2005 | 1.80 | 0.85 |
Based on: 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).