Dillard's (Dillard's) Asset Turnover

: 0.59 (As of Jan. 2024)

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Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Dillard's's Revenue for the three months ended in Jan. 2024 was $2,159 Mil. Dillard's's Total Assets for the quarter that ended in Jan. 2024 was $3,673 Mil. Therefore, Dillard's's Asset Turnover for the quarter that ended in Jan. 2024 was 0.59.

Asset Turnover is linked to ROE % through Du Pont Formula. Dillard's's annualized ROE % for the quarter that ended in Jan. 2024 was 57.08%. It is also linked to ROA % through Du Pont Formula. Dillard's's annualized ROA % for the quarter that ended in Jan. 2024 was 27.28%.

Dillard's Asset Turnover Historical Data

The historical data trend for Dillard's's Asset Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Dillard's Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Asset Turnover

1.85

1.36

2.09

2.13

2.03

Dillard's Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Asset Turnover																0.61	0.46	0.44	0.41	0.59

Competitive Comparison

For the Department Stores subindustry, Dillard's's Asset Turnover, along with its competitors' market caps and Asset Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Dillard's Asset Turnover Distribution

For the Retail - Cyclical industry and Consumer Cyclical sector, Dillard's's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Dillard's's Asset Turnover falls into.

Dillard's Asset Turnover Calculation

Asset Turnover measures how quickly a company turns over its asset through sales.

Dillard's's Asset Turnover for the fiscal year that ended in Jan. 2024 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (A: Jan. 2024 )	/	( (Total Assets (A: Jan. 2023 )	+	Total Assets (A: Jan. 2024 ))	/ count )
=	6874.42	/	( (3329.15	+	3448.906)	/ 2 )
=	6874.42	/	3389.028
=	2.03

Dillard's's Asset Turnover for the quarter that ended in Jan. 2024 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (Q: Jan. 2024 )	/	( (Total Assets (Q: Oct. 2023 )	+	Total Assets (Q: Jan. 2024 ))	/ count )
=	2158.861	/	( (3897.934	+	3448.906)	/ 2 )
=	2158.861	/	3673.42
=	0.59

Companies with low profit margins tend to have high Asset Turnover, while those with high profit margins have low Asset Turnover. Companies in the retail industry tend to have a very high turnover ratio.

Dillard's (NYSE:DDS) Asset Turnover Explanation

Asset Turnover is linked to ROE % through Du Pont Formula.

Dillard's's annulized ROE % for the quarter that ended in Jan. 2024 is

	ROE %^**		(Q: Jan. 2024 )
=	Net Income	/	Total Stockholders Equity
=	1002.008	/	1755.353
=	(Net Income / Revenue)	*	(Revenue / Total Assets)	*	(Total Assets / Total Stockholders Equity)
=	(1002.008 / 8635.444)	*	(8635.444 / 3673.42)	*	(3673.42/ 1755.353)
=	Net Margin %	*	Asset Turnover	*	Equity Multiplier
=	11.6 %	*	2.3508	*	2.0927
=	ROA %	*	Equity Multiplier
=	27.28 %	*	2.0927
=	57.08 %

Note: The Net Income data used here is four times the quarterly (Jan. 2024) net income data. The Revenue data used here is four times the quarterly (Jan. 2024) revenue data.

^** The ROE % used above is for Du Pont Analysis only. It is different from the defined ROE % page on our website, as here it uses Net Income instead of Net Income attributable to Common Stockholders in the calculation.

It is also linked to ROA % through Du Pont Formula:

Dillard's's annulized ROA % for the quarter that ended in Jan. 2024 is

	ROA %		(Q: Jan. 2024 )
=	Net Income	/	Total Assets
=	1002.008	/	3673.42
=	(Net Income / Revenue)	*	(Revenue / Total Assets)
=	(1002.008 / 8635.444)	*	(8635.444 / 3673.42)
=	Net Margin %	*	Asset Turnover
=	11.6 %	*	2.3508
=	27.28 %

Note: The Net Income data used here is four times the quarterly (Jan. 2024) net income data. The Revenue data used here is four times the quarterly (Jan. 2024) revenue data.

Be Aware

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Therefore, it is a good sign if a company's Asset Turnover is consistent or even increases. If a company's asset grows faster than sales, its Asset Turnover will decline, which can be a warning sign.

Dillard's Asset Turnover Related Terms

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Dillard's (Dillard's) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Dillard's Inc (NYSE:DDS) » Definitions » Asset Turnover

Comparable Companies

Traded in Other Exchanges

DL7A:Germany

Address

1600 Cantrell Road, Little Rock, AR, USA, 72201

Website

https://www.dillards.com

Dillard's Inc is an American fashion apparel, cosmetics, and home furnishings retailer. Its stores offer a large variety of merchandise and feature products from both national and exclusive brand sources. The company also operates a general contracting construction company, CDI Contractors. CDI Contractors' business includes constructing and remodelling stores for Dillards. The merchandise selections include exclusive brand merchandise such as Antonio Melani, Gianni Bini, Daniel Cremieux, Roundtree & Yorke, and private-label merchandise, among others. The company operates in two business segments; Retail Operations and Construction. The Retail Operations segment generates maximum revenue for the company.

Executives

Watts J C Jr	director
Tom W Bolin	officer: Vice President	1600 CANTRELL ROAD, LITTLE ROCK AR 72201
Chris B. Johnson	officer: Principal Vice President	1600 CANTRELL RD., LITTLE ROCK AR 72201
Tony J Bolte	officer: Vice President	1600 CANTRELL ROAD, LITTLE ROCK AR 72201
Mike Litchford	officer: Vice President	1600 CANTRELL ROAD, LITTLE ROCK AR 72201
Connor William E Ii	director	1600 CANTRELL ROAD, LITTLE ROCK AR 72201
Reynie Rutledge	director	1600 CANTRLL ROAD, LITTLE ROCK AR 72201
Warren A Stephens	director	111 CENTER STREET, LITTLE ROCK AR 72201
Dean L. Worley	officer: VP/General Counsel & Secretary	1600 CANTRELL RD., LITTLE ROCK AR 72201
Jame I Freeman	director, officer: Senior Vice President and CFO	1600 CANTRELL ROAD, LITTLE ROCK AR 72201
Rob C Holmes	director	2000 MCKINNEY AVE, STE 700, DALLAS TX 75201
Dillard William T. Iii	officer: Vice President	1600 CANTRELL RD., LITTLE ROCK AR 72201
Drue Corbusier	director, officer: Executive Vice President	1600 CANTRELL ROAD, LITTLE ROCK AR 72201
Hastings H. Lee Iii	director	1600 CANTRELL ROAD, LITTLE ROCK AR 72201
Robert C Connor	director