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Bath & Body Works (WBO:LBRA) Asset Turnover : 0.32 (As of Oct. 2024)


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What is Bath & Body Works Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Bath & Body Works's Revenue for the three months ended in Oct. 2024 was €1,478 Mil. Bath & Body Works's Total Assets for the quarter that ended in Oct. 2024 was €4,569 Mil. Therefore, Bath & Body Works's Asset Turnover for the quarter that ended in Oct. 2024 was 0.32.

Asset Turnover is linked to ROE % through Du Pont Formula. Bath & Body Works's annualized ROE % for the quarter that ended in Oct. 2024 was -24.40%. It is also linked to ROA % through Du Pont Formula. Bath & Body Works's annualized ROA % for the quarter that ended in Oct. 2024 was 8.52%.


Bath & Body Works Asset Turnover Historical Data

The historical data trend for Bath & Body Works'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.

Bath & Body Works Asset Turnover Chart

Bath & Body Works 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 0.60 0.57 0.94 1.35 1.35

Bath & Body Works 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 0.31 0.54 0.26 0.30 0.32

Competitive Comparison of Bath & Body Works's Asset Turnover

For the Specialty Retail subindustry, Bath & Body Works'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.


Bath & Body Works's Asset Turnover Distribution in the Retail - Cyclical Industry

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

* The bar in red indicates where Bath & Body Works's Asset Turnover falls into.



Bath & Body Works Asset Turnover Calculation

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

Bath & Body Works'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 )
=6819.822/( (5098.432+5015.034)/ 2 )
=6819.822/5056.733
=1.35

Bath & Body Works'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 )
=1477.98/( (4562.056+4575.312)/ 2 )
=1477.98/4568.684
=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.


Bath & Body Works  (WBO:LBRA) Asset Turnover Explanation

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

Bath & Body Works's annulized ROE % for the quarter that ended in Oct. 2024 is

ROE %**(Q: Oct. 2024 )
=Net Income/Total Stockholders Equity
=389.232/-1595.25
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(389.232 / 5911.92)*(5911.92 / 4568.684)*(4568.684/ -1595.25)
=Net Margin %*Asset Turnover*Equity Multiplier
=6.58 %*1.294*-2.8639
=ROA %*Equity Multiplier
=8.52 %*-2.8639
=-24.40 %

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:

Bath & Body Works's annulized ROA % for the quarter that ended in Oct. 2024 is

ROA %(Q: Oct. 2024 )
=Net Income/Total Assets
=389.232/4568.684
=(Net Income / Revenue)*(Revenue / Total Assets)
=(389.232 / 5911.92)*(5911.92 / 4568.684)
=Net Margin %*Asset Turnover
=6.58 %*1.294
=8.52 %

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.


Bath & Body Works Asset Turnover Related Terms

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Bath & Body Works Business Description

Address
Three Limited Parkway, Columbus, OH, USA, 43230
Bath & Body Works is a specialty home fragrance and fragrant body care retailer operating under the Bath & Body Works, C.O. Bigelow, and White Barn brands. The company generates most of its business in North America, with just 5% of sales from international markets in fiscal 2023. For fiscal 2023, 74% of sales stemmed from the brick-and-mortar network (which was composed of more than 1,800 retail stores), similar to 2022 levels, as consumer shopping patterns remained to normal. Future growth is expected from store reformatting, digital and international channels, as well as adjacent category expansions like hair and laundry.

Bath & Body Works Headlines

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