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Lululemon Athletica (NAS:LULU) Asset Turnover

: 0.37 (As of Oct. 2023)
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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. Lululemon Athletica's Revenue for the three months ended in Oct. 2023 was $2,204 Mil. Lululemon Athletica's Total Assets for the quarter that ended in Oct. 2023 was $6,007 Mil. Therefore, Lululemon Athletica's Asset Turnover for the quarter that ended in Oct. 2023 was 0.37.

Asset Turnover is linked to ROE % through Du Pont Formula. Lululemon Athletica's annualized ROE % for the quarter that ended in Oct. 2023 was 28.19%. It is also linked to ROA % through Du Pont Formula. Lululemon Athletica's annualized ROA % for the quarter that ended in Oct. 2023 was 16.56%.


Lululemon Athletica Asset Turnover Historical Data

The historical data trend for Lululemon Athletica'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.

Lululemon Athletica Annual Data
Trend Jan14 Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23
Asset Turnover
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.61 1.48 1.18 1.37 1.54

Lululemon Athletica Quarterly Data
Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.36 0.51 0.36 0.38 0.37

Competitive Comparison

For the Apparel Retail subindustry, Lululemon Athletica'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.


Lululemon Athletica Asset Turnover Distribution

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

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



Lululemon Athletica Asset Turnover Calculation

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

Lululemon Athletica's Asset Turnover for the fiscal year that ended in Jan. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Jan. 2023 )/( (Total Assets (A: Jan. 2022 )+Total Assets (A: Jan. 2023 ))/ count )
=8110.518/( (4942.478+5607.038)/ 2 )
=8110.518/5274.758
=1.54

Lululemon Athletica's Asset Turnover for the quarter that ended in Oct. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Oct. 2023 )/( (Total Assets (Q: Jul. 2023 )+Total Assets (Q: Oct. 2023 ))/ count )
=2204.218/( (5992.458+6022.264)/ 2 )
=2204.218/6007.361
=0.37

* 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.


Lululemon Athletica  (NAS:LULU) Asset Turnover Explanation

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

Lululemon Athletica's annulized ROE % for the quarter that ended in Oct. 2023 is

ROE %**(Q: Oct. 2023 )
=Net Income/Total Stockholders Equity
=994.856/3529.6655
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(994.856 / 8816.872)*(8816.872 / 6007.361)*(6007.361/ 3529.6655)
=Net Margin %*Asset Turnover*Equity Multiplier
=11.28 %*1.4677*1.702
=ROA %*Equity Multiplier
=16.56 %*1.702
=28.19 %

Note: The Net Income data used here is four times the quarterly (Oct. 2023) net income data. The Revenue data used here is four times the quarterly (Oct. 2023) 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:

Lululemon Athletica's annulized ROA % for the quarter that ended in Oct. 2023 is

ROA %(Q: Oct. 2023 )
=Net Income/Total Assets
=994.856/6007.361
=(Net Income / Revenue)*(Revenue / Total Assets)
=(994.856 / 8816.872)*(8816.872 / 6007.361)
=Net Margin %*Asset Turnover
=11.28 %*1.4677
=16.56 %

Note: The Net Income data used here is four times the quarterly (Oct. 2023) net income data. The Revenue data used here is four times the quarterly (Oct. 2023) 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.


Lululemon Athletica Asset Turnover Related Terms

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


Lululemon Athletica (NAS:LULU) Business Description

Address
1818 Cornwall Avenue, Vancouver, BC, CAN, V6J 1C7
Lululemon Athletica designs, distributes, and markets athletic apparel, footwear, and accessories for women, men, and girls. Lululemon offers pants, shorts, tops, and jackets for both leisure and athletic activities such as yoga and running. The company also sells fitness accessories, such as bags, yoga mats, and equipment. Lululemon sells its products through more than 680 company-owned stores in 19 countries, e-commerce, outlets, and wholesale accounts. The company was founded in 1998 and is based in Vancouver, Canada.
Executives
Meghan Frank officer: Chief Financial Officer C/O LULULEMON ATHLETICA INC., 1818 CORNWALL AVENUE, VANCOUVER A1 V6J 1C7
Nicole Neuburger officer: Chief Brand Officer C/O LULULEMON ATHLETICA INC., 1818 CORNWALL AVENUE, VANCOUVER A1 V6J 1C7
Calvin Mcdonald director, officer: Chief Executive Officer C/O LULULEMON ATHLETICA INC., 1818 CORNWALL AVENUE, VANCOUVER A1 V6J 1C7
Celeste Burgoyne officer: Pres Americas&Global Guest C/O LULULEMON ATHLETICA INC., 1818 CORNWALL AVE, VANCOUVER A1 V6J 1C7
Shane Grant director C/O LULULEMON ATHLETICA INC., 1818 CORNWALL AVENUE, VANCOUVER A1 V6J 1C7
Michelle Sun Choe officer: Chief Product Officer C/O LULULEMON ATHLETICA INC., 1818 CORNWALL AVE, VANCOUVER A1 V6J 1C7
David M Mussafer director C/O ADVENT INTERNATIONAL CORP, 75 STATE ST 29TH FLOOR, BOSTON MA 02104
Isabel Mahe director ONE APPLE PARK WAY, MS169:2CL, CUPERTINO CA 95014
Kathryn Henry director C/O LULULEMON ATHLETICA, INC., 1818 CORNWALL AVENUE, VANCOUVER A1 V6J 1C7
Kourtney Gibson director C/O MARKETAXESS HOLDINGS INC., 55 HUDSON YARDS, 15TH FLOOR, NEW YORK NY 10001
Alison Loehnis director C/O LULULEMON ATHLETICA INC., 1818 CORNWALL AVENUE, VANCOUVER A1 V6J1C7
Andre Maestrini officer: EVP, International C/O LULULEMON ATHLETICA INC., 1818 CORNWALL AVENUE, VANCOUVER A1 V6J 1C7
Glenn Murphy director C/O LULULEMON ATHLETICA INC., 1818 CORNWALL AVENUE, VANCOUVER A1 V6J1C7
Martin Michael Casey director
Jon Mcneill director 45500 FREMONT BLVD, FREMONT CA 94538