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Dick's Sporting Goods (Dick's Sporting Goods) Asset Turnover : 0.42 (As of Jan. 2024)


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What is Dick's Sporting Goods Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Dick's Sporting Goods's Revenue for the three months ended in Jan. 2024 was $3,876 Mil. Dick's Sporting Goods's Total Assets for the quarter that ended in Jan. 2024 was $9,297 Mil. Therefore, Dick's Sporting Goods's Asset Turnover for the quarter that ended in Jan. 2024 was 0.42.

Asset Turnover is linked to ROE % through Du Pont Formula. Dick's Sporting Goods's annualized ROE % for the quarter that ended in Jan. 2024 was 47.41%. It is also linked to ROA % through Du Pont Formula. Dick's Sporting Goods's annualized ROA % for the quarter that ended in Jan. 2024 was 12.75%.


Dick's Sporting Goods Asset Turnover Historical Data

The historical data trend for Dick's Sporting Goods'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.

Dick's Sporting Goods Asset Turnover Chart

Dick's Sporting Goods Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.62 1.33 1.46 1.37 1.42

Dick's Sporting Goods Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Asset Turnover Get a 7-Day Free Trial 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 Premium Member Only 0.40 0.31 0.35 0.33 0.42

Competitive Comparison of Dick's Sporting Goods's Asset Turnover

For the Specialty Retail subindustry, Dick's Sporting Goods'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.


Dick's Sporting Goods's Asset Turnover Distribution in the Retail - Cyclical Industry

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

* The bar in red indicates where Dick's Sporting Goods's Asset Turnover falls into.



Dick's Sporting Goods Asset Turnover Calculation

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

Dick's Sporting Goods'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 )
=12984.399/( (8992.196+9311.752)/ 2 )
=12984.399/9151.974
=1.42

Dick's Sporting Goods'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 )
=3876.171/( (9282.326+9311.752)/ 2 )
=3876.171/9297.039
=0.42

* 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.


Dick's Sporting Goods  (NYSE:DKS) Asset Turnover Explanation

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

Dick's Sporting Goods's annulized ROE % for the quarter that ended in Jan. 2024 is

ROE %**(Q: Jan. 2024 )
=Net Income/Total Stockholders Equity
=1185.732/2500.9925
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(1185.732 / 15504.684)*(15504.684 / 9297.039)*(9297.039/ 2500.9925)
=Net Margin %*Asset Turnover*Equity Multiplier
=7.65 %*1.6677*3.7173
=ROA %*Equity Multiplier
=12.75 %*3.7173
=47.41 %

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.

* 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:

Dick's Sporting Goods's annulized ROA % for the quarter that ended in Jan. 2024 is

ROA %(Q: Jan. 2024 )
=Net Income/Total Assets
=1185.732/9297.039
=(Net Income / Revenue)*(Revenue / Total Assets)
=(1185.732 / 15504.684)*(15504.684 / 9297.039)
=Net Margin %*Asset Turnover
=7.65 %*1.6677
=12.75 %

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.

* 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.


Dick's Sporting Goods Asset Turnover Related Terms

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Dick's Sporting Goods (Dick's Sporting Goods) Business Description

Traded in Other Exchanges
Address
345 Court Street, Coraopolis, PA, USA, 15108
Dick's Sporting Goods retails athletic apparel, footwear, and equipment for sports. Dick's operates digital platforms, about 725 stores under its namesake brand (including outlet stores), and about 135 specialty stores under the Golf Galaxy, Moosejaw, and Public Lands nameplates. Dick's carries private-label merchandise and national brands such as Nike, The North Face, Under Armour, Callaway Golf, and TaylorMade. Based in the Pittsburgh area, Dick's was founded in 1948 by the father of current executive chairman and controlling shareholder Edward Stack.
Executives
Lawrence J Schorr director 200 PLAZA DRIVE, VESTAL NY 13850
Vladimir Rak officer: EVP, Chief Technology Officer 345 COURT STREET, CORAOPOLIS PA 15108
Julie Lodge-jarrett officer: SVP, Chief People Officer 345 COURT STREET, CORAOPOLIS PA 15108
Larry Jr. Fitzgerald director 345 COURT STREET, CORAOPOLIS PA 15108
Robert W. Eddy director 350 CAMPUS DRIVE, MARLBOROUGH MA 01752
William Colombo Trustee U/a Dtd 10/05/2020 Edward W Stack Non-grantor Trust 10 percent owner 345 COURT STREET, CORAOPOLIS PA 15108
William J Colombo director
Sandeep Mathrani director
Navdeep Gupta officer: See Remarks 345 COURT STREET, CORAOPOLIS PA 15108
Hayes John Edward Iii officer: SVP, General Counsel 345 COURT STREET, CORAOPOLIS PA 15108
Mark J Barrenechea director C/O SILICON GRAPHICS INTERNATIONAL CORP, 46600 LANDING PARKWAY, FREMONT CA 94538
Anne Fink director 345 COURT STREET, CORAOPOLIS PA 15108
Lauren R Hobart officer: SVP & Chief Marketing Officer 345 COURT STREET, CORAOPOLIS PA 15275
Edward W Stack director, 10 percent owner, officer: Chairman & CEO 345 COURT STREET, CORAOPOLIS PA 15108
Sliva Raymond A. Jr. officer: EVP, Stores 345 COURT STREET, CORAOPOLIS PA 15108