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Walmart (WMT) Asset Turnover : 0.64 (As of Apr. 2024)


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What is Walmart Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Walmart's Revenue for the three months ended in Apr. 2024 was $161,508 Mil. Walmart's Total Assets for the quarter that ended in Apr. 2024 was $253,227 Mil. Therefore, Walmart's Asset Turnover for the quarter that ended in Apr. 2024 was 0.64.

Asset Turnover is linked to ROE % through Du Pont Formula. Walmart's annualized ROE % for the quarter that ended in Apr. 2024 was 24.72%. It is also linked to ROA % through Du Pont Formula. Walmart's annualized ROA % for the quarter that ended in Apr. 2024 was 8.06%.


Walmart Asset Turnover Historical Data

The historical data trend for Walmart'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.

Walmart Asset Turnover Chart

Walmart 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 2.30 2.29 2.30 2.51 2.62

Walmart Quarterly Data
Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24
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 0.62 0.65 0.63 0.68 0.64

Competitive Comparison of Walmart's Asset Turnover

For the Discount Stores subindustry, Walmart'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.


Walmart's Asset Turnover Distribution in the Retail - Defensive Industry

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

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



Walmart Asset Turnover Calculation

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

Walmart'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 )
=648125/( (243197+252399)/ 2 )
=648125/247798
=2.62

Walmart's Asset Turnover for the quarter that ended in Apr. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Apr. 2024 )/( (Total Assets (Q: Jan. 2024 )+Total Assets (Q: Apr. 2024 ))/ count )
=161508/( (252399+254054)/ 2 )
=161508/253226.5
=0.64

* 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.


Walmart  (NYSE:WMT) Asset Turnover Explanation

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

Walmart's annulized ROE % for the quarter that ended in Apr. 2024 is

ROE %**(Q: Apr. 2024 )
=Net Income/Total Stockholders Equity
=20416/82577
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(20416 / 646032)*(646032 / 253226.5)*(253226.5/ 82577)
=Net Margin %*Asset Turnover*Equity Multiplier
=3.16 %*2.5512*3.0666
=ROA %*Equity Multiplier
=8.06 %*3.0666
=24.72 %

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

Walmart's annulized ROA % for the quarter that ended in Apr. 2024 is

ROA %(Q: Apr. 2024 )
=Net Income/Total Assets
=20416/253226.5
=(Net Income / Revenue)*(Revenue / Total Assets)
=(20416 / 646032)*(646032 / 253226.5)
=Net Margin %*Asset Turnover
=3.16 %*2.5512
=8.06 %

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


Walmart Asset Turnover Related Terms

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


Walmart (WMT) Business Description

Address
702 S.W. 8th Street, Bentonville, AR, USA, 72716
Walmart serves as the preeminent retailer in the United States, with its strategy predicated on superior operating efficiency and offering the lowest priced goods to consumers to drive robust store traffic and product turnover. Walmart augmented its low-price business strategy by offering a convenient one-stop shopping destination with the opening of its first supercenter in 1988.Today, Walmart operates over 4,700 stores in the United States (5,300 including Sam's Club) and over 10,000 stores globally. Walmart generated over $420 billion in domestic namesake sales last year, with Sam's Club contributing another $84 billion to the firm's top line. Internationally, Walmart generated $100 billion in sales. The company serves around 240 million customers globally each week.
Executives
John D Rainey officer: Executive Vice President C/O PAYPAL HOLDINGS, INC., 2211 NORTH FIRST STREET, SAN JOSE CA 95131
Jim C Walton director, other: Director C/O WALTON ENTERPRISES, INC., P.O. BOX 1860, BENTONVILLE AR 72712
S Robson Walton director, 10 percent owner, officer: Chairman of the Board C/O WALTON ENTERPRISES, INC., P.O. BOX 1860, BENTONVILLE AR 72716-0105
Alice L Walton 10 percent owner 110 N.W. SECOND STREET, SUITE 300, BENTONVILLE AR 72712
C Douglas Mcmillon officer: Executive Vice President 702 SW 8TH STREET, BENTONVILLE AR 72716
John R. Furner officer: Executive Vice President 702 SW 8TH STREET, BENTONVILLE AR 72716
Rachel L Brand officer: Executive Vice President 702 S.W. 8TH STREET, BENTONVILLE AR 72716
Christopher James Nicholas officer: Executive Vice President 702 SW 8TH STREET, BENTONVILLE AR 72716
David Chojnowski officer: Senior Vice President 5505 BLUE LAGOON DRIVE, MIAMI FL 33126
Daniel J Bartlett officer: Executive Vice President 702 SW 8TH STREET, BENTONVILLE AR 72716
Randall L Stephenson director 208 S. AKARD ST., DALLAS TX 75202
Judith J Mckenna officer: Executive Vice President 702 S.W. 8TH STREET, BENTONVILLE AR 72716
M. Brett Biggs officer: Executive Vice President 702 SW 8TH STREET, BENTONVILLE AR 72716
Marc E. Lore officer: Executive Vice President 443 GREENWICH STREET, PHA, NEW YORK NY 10013
Kathryn J. Mclay officer: Executive Vice President 702 S.W. 8TH STREET, BENTONVILLE AR 72716

Walmart (WMT) Headlines

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