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Abercrombie & Fitch Co (STU:AFT) Asset Turnover : 0.38 (As of Oct. 2024)


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What is Abercrombie & Fitch Co Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Abercrombie & Fitch Co's Revenue for the three months ended in Oct. 2024 was €1,110 Mil. Abercrombie & Fitch Co's Total Assets for the quarter that ended in Oct. 2024 was €2,907 Mil. Therefore, Abercrombie & Fitch Co's Asset Turnover for the quarter that ended in Oct. 2024 was 0.38.

Asset Turnover is linked to ROE % through Du Pont Formula. Abercrombie & Fitch Co's annualized ROE % for the quarter that ended in Oct. 2024 was 42.94%. It is also linked to ROA % through Du Pont Formula. Abercrombie & Fitch Co's annualized ROA % for the quarter that ended in Oct. 2024 was 16.67%.


Abercrombie & Fitch Co Asset Turnover Historical Data

The historical data trend for Abercrombie & Fitch Co'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.

Abercrombie & Fitch Co Asset Turnover Chart

Abercrombie & Fitch Co 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 1.24 0.87 1.23 1.34 1.50

Abercrombie & Fitch Co Quarterly Data
Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24
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 0.38 0.49 0.35 0.38 0.38

Competitive Comparison of Abercrombie & Fitch Co's Asset Turnover

For the Apparel Retail subindustry, Abercrombie & Fitch Co'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.


Abercrombie & Fitch Co's Asset Turnover Distribution in the Retail - Cyclical Industry

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

* The bar in red indicates where Abercrombie & Fitch Co's Asset Turnover falls into.



Abercrombie & Fitch Co Asset Turnover Calculation

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

Abercrombie & Fitch Co'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 )
=3929.661/( (2517.757+2730.346)/ 2 )
=3929.661/2624.0515
=1.50

Abercrombie & Fitch Co's Asset Turnover for the quarter that ended in Oct. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Oct. 2024 )/( (Total Assets (Q: Jul. 2024 )+Total Assets (Q: Oct. 2024 ))/ count )
=1109.831/( (2811.692+3001.742)/ 2 )
=1109.831/2906.717
=0.38

* 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.


Abercrombie & Fitch Co  (STU:AFT) Asset Turnover Explanation

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

Abercrombie & Fitch Co's annulized ROE % for the quarter that ended in Oct. 2024 is

ROE %**(Q: Oct. 2024 )
=Net Income/Total Stockholders Equity
=484.628/1128.6425
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(484.628 / 4439.324)*(4439.324 / 2906.717)*(2906.717/ 1128.6425)
=Net Margin %*Asset Turnover*Equity Multiplier
=10.92 %*1.5273*2.5754
=ROA %*Equity Multiplier
=16.67 %*2.5754
=42.94 %

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

Abercrombie & Fitch Co's annulized ROA % for the quarter that ended in Oct. 2024 is

ROA %(Q: Oct. 2024 )
=Net Income/Total Assets
=484.628/2906.717
=(Net Income / Revenue)*(Revenue / Total Assets)
=(484.628 / 4439.324)*(4439.324 / 2906.717)
=Net Margin %*Asset Turnover
=10.92 %*1.5273
=16.67 %

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


Abercrombie & Fitch Co Asset Turnover Related Terms

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Abercrombie & Fitch Co Business Description

Traded in Other Exchanges
Address
6301 Fitch Path, New Albany, OH, USA, 43054
Abercrombie & Fitch Co is a specialty retailer that sells casual clothing, personal-care products, and accessories for men, women, and children. It sells direct to consumers through its stores and websites, which include the Abercrombie & Fitch, Abercrombie kids, and Hollister brands. Most stores are in the United States, but the company does have many stores in Canada, Europe, and Asia. All stores are leased. Abercrombie ships to well over 100 countries via its websites. The company sources its merchandise from dozens of vendors that are primarily located in Asia and Central America. Abercrombie has two distribution centers in Ohio to support its North American operations. It uses third-party distributors for sales in Europe and Asia.