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Academy Sports and Outdoors (NAS:ASO) Asset Turnover

: 0.32 (As of Oct. 2022)
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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. Academy Sports and Outdoors's Revenue for the three months ended in Oct. 2022 was $1,494 Mil. Academy Sports and Outdoors's Total Assets for the quarter that ended in Oct. 2022 was $4,718 Mil. Therefore, Academy Sports and Outdoors's Asset Turnover for the quarter that ended in Oct. 2022 was 0.32.

Asset Turnover is linked to ROE % through Du Pont Formula. Academy Sports and Outdoors's annualized ROE % for the quarter that ended in Oct. 2022 was 34.22%. It is also linked to ROA % through Du Pont Formula. Academy Sports and Outdoors's annualized ROA % for the quarter that ended in Oct. 2022 was 11.17%.


Academy Sports and Outdoors Asset Turnover Historical Data

The historical data trend for Academy Sports and Outdoors'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.

Academy Sports and Outdoors Annual Data
Trend Jan18 Jan19 Jan20 Jan21 Jan22
Asset Turnover
- 1.48 1.28 1.31 1.51

Academy Sports and Outdoors Quarterly Data
Jan18 Jan19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22
Asset Turnover Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.34 0.39 0.32 0.36 0.32

Competitive Comparison

For the Specialty Retail subindustry, Academy Sports and Outdoors'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.

   

Academy Sports and Outdoors Asset Turnover Distribution

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

* The bar in red indicates where Academy Sports and Outdoors's Asset Turnover falls in comparison to its industry or sector. The grey bar indicates the Asset Turnover's extreme value range as defined by GuruFocus.



Academy Sports and Outdoors Asset Turnover Calculation

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

Academy Sports and Outdoors's Asset Turnover for the fiscal year that ended in Jan. 2022 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Jan. 2022 )/( (Total Assets (A: Jan. 2021 )+Total Assets (A: Jan. 2022 ))/ count )
=6773.128/( (4384.482+4584.94)/ 2 )
=6773.128/4484.711
=1.51

Academy Sports and Outdoors's Asset Turnover for the quarter that ended in Oct. 2022 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Oct. 2022 )/( (Total Assets (Q: Jul. 2022 )+Total Assets (Q: Oct. 2022 ))/ count )
=1493.925/( (4653.969+4782.464)/ 2 )
=1493.925/4718.2165
=0.32

* 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.

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.


Academy Sports and Outdoors  (NAS:ASO) Asset Turnover Explanation

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

Academy Sports and Outdoors's annulized ROE % for the quarter that ended in Oct. 2022 is

ROE %**(Q: Oct. 2022 )
=Net Income/Total Stockholders Equity
=526.964/1540.095
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(526.964 / 5975.7)*(5975.7 / 4718.2165)*(4718.2165/ 1540.095)
=Net Margin %*Asset Turnover*Equity Multiplier
=8.82 %*1.2665*3.0636
=ROA %*Equity Multiplier
=11.17 %*3.0636
=34.22 %

Note: The Net Income data used here is four times the quarterly (Oct. 2022) net income data. The Revenue data used here is four times the quarterly (Oct. 2022) revenue data.

* 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.

** 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:

Academy Sports and Outdoors's annulized ROA % for the quarter that ended in Oct. 2022 is

ROA %(Q: Oct. 2022 )
=Net Income/Total Assets
=526.964/4718.2165
=(Net Income / Revenue)*(Revenue / Total Assets)
=(526.964 / 5975.7)*(5975.7 / 4718.2165)
=Net Margin %*Asset Turnover
=8.82 %*1.2665
=11.17 %

Note: The Net Income data used here is four times the quarterly (Oct. 2022) net income data. The Revenue data used here is four times the quarterly (Oct. 2022) revenue data.

* 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.


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.


Academy Sports and Outdoors Asset Turnover Related Terms

Thank you for viewing the detailed overview of Academy Sports and Outdoors's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


Academy Sports and Outdoors (NAS:ASO) Business Description

Academy Sports and Outdoors logo
Traded in Other Exchanges
N/A
Address
1800 North Mason Road, Katy, TX, USA, 77449
Academy Sports and Outdoors Inc is engaged in the retail business of sporting goods and outdoor recreation products. The company offers outdoor clothing, backpacks, sunglasses, luggage items, shooting equipment, fishing equipment, boating and water sports equipment, backyard recreation products, outdoor cooking equipment, fitness equipment, electronic items, dog supplies, and other products.
Executives
Turner Christopher Lee director 1441 GARDINER LANE LOUISVILLE KY 40213
Turney Sharen J director THREE LIMITED PARKWAY COLUMBUS OH 43230
Raff Beryl director 5555 DARROW RD HUDSON OH 44236
Nealon Thomas M director 6501 LEGACY DRIVE PLANO TX 75024
Harriman Sherry L. officer: SVP, Logistics & Supply Chain C/O ACADEMY SPORTS AND OUTDOORS, INC. 1800 N MASON ROAD KATY TX 77449
Beck Wendy A. director C/O NORWEGIAN CRUISE LINE HOLDINGS LTD. 7665 CORPORATE CENTER DRIVE MIAMI FL 33126
Allstar Llc 10 percent owner C/O KOHLBERG KRAVIS ROBERTS & CO. L.P. 30 HUDSON YARDS NEW YORK NY 10001
Kkr 2006 Allstar Blocker L.p. 10 percent owner C/O KOHLBERG KRAVIS ROBERTS & CO. L.P. 30 HUDSON YARDS NEW YORK NY 10001
Kkr 2006 Fund (allstar) L.p. 10 percent owner C/O KOHLBERG KRAVIS ROBERTS & CO. L.P. 30 HUDSON YARDS NEW YORK NY 10001
Davis Heather A. officer: VP, Controller C/O ACADEMY SPORTS AND OUTDOORS, INC. 1800 NORTH MASON ROAD KATY TX 77449
Allstar Co-invest Gp Llc 10 percent owner C/O KOHLBERG KRAVIS ROBERTS & CO. L.P. 30 HUDSON YARDS NEW YORK NY 10001
Tweedy Jeffrey C. director C/O ACADEMY SPORTS AND OUTDOORS, INC. 1800 NORTH MASON ROAD KATY TX 77449
Allstar Co-invest Blocker L.p. 10 percent owner C/O KOHLBERG KRAVIS ROBERTS & CO. L.P. 30 HUDSON YARDS NEW YORK NY 10001
Ennis William S. officer: See Remarks C/O ACADEMY SPORTS AND OUTDOORS, INC. 1800 NORTH MASON ROAD KATY TX 77449
Patel Vishal director C/O US FOODS HOLDING CORP. 9399 W. HIGGINS RD. ROSEMONT IL 60018

Academy Sports and Outdoors (NAS:ASO) Headlines

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