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Zumiez (Zumiez) Asset Turnover

: 0.40 (As of Jan. 2024)
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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. Zumiez's Revenue for the three months ended in Jan. 2024 was $281.8 Mil. Zumiez's Total Assets for the quarter that ended in Jan. 2024 was $703.6 Mil. Therefore, Zumiez's Asset Turnover for the quarter that ended in Jan. 2024 was 0.40.

Asset Turnover is linked to ROE % through Du Pont Formula. Zumiez's annualized ROE % for the quarter that ended in Jan. 2024 was -36.57%. It is also linked to ROA % through Du Pont Formula. Zumiez's annualized ROA % for the quarter that ended in Jan. 2024 was -19.04%.


Zumiez Asset Turnover Historical Data

The historical data trend for Zumiez'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.

Zumiez Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Asset Turnover
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.43 1.04 1.27 1.19 1.24

Zumiez Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 0.37 0.25 0.26 0.29 0.40

Competitive Comparison

For the Apparel Retail subindustry, Zumiez'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.


Zumiez Asset Turnover Distribution

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

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



Zumiez Asset Turnover Calculation

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

Zumiez'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 )
=875.486/( (747.903+664.226)/ 2 )
=875.486/706.0645
=1.24

Zumiez'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 )
=281.822/( (743.026+664.226)/ 2 )
=281.822/703.626
=0.40

* 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.


Zumiez  (NAS:ZUMZ) Asset Turnover Explanation

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

Zumiez's annulized ROE % for the quarter that ended in Jan. 2024 is

ROE %**(Q: Jan. 2024 )
=Net Income/Total Stockholders Equity
=-133.952/366.337
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-133.952 / 1127.288)*(1127.288 / 703.626)*(703.626/ 366.337)
=Net Margin %*Asset Turnover*Equity Multiplier
=-11.88 %*1.6021*1.9207
=ROA %*Equity Multiplier
=-19.04 %*1.9207
=-36.57 %

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:

Zumiez's annulized ROA % for the quarter that ended in Jan. 2024 is

ROA %(Q: Jan. 2024 )
=Net Income/Total Assets
=-133.952/703.626
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-133.952 / 1127.288)*(1127.288 / 703.626)
=Net Margin %*Asset Turnover
=-11.88 %*1.6021
=-19.04 %

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.


Zumiez Asset Turnover Related Terms

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


Zumiez (Zumiez) Business Description

Traded in Other Exchanges
Address
4001 204th Street SW, Lynnwood, WA, USA, 98036
Zumiez Inc is a United-States-based specialty retailer engaged in the sale of apparel, footwear, accessories, and hardgoods. The company provides merchandise with cultural elements coming from fashion, music, art and from action sports, streetwear, and other unique lifestyles. The company operates under the brands Zumiez and Blue Tomato, and through both physical stores and websites. Most of the company's stores are located in the U.S., with the rest in Canada, Australia, and Europe. The U.S. market contributes to the majority of the company's revenue.
Executives
Guy Matthew Harkless director 4001 204TH STREET SW, LYNNWOOD WA 98036
James P. Murphy director 999 LAKE DRIVE, ISSAQUAH WA 98027
Adam Christopher Ellis officer: President International 4001 204TH STREET SW, LYNNWOOD WA 98036
Richard Miles Brooks officer: President and CEO 6300 MERRILL CREEK PARKWAY, SUITE B, EVERETT WA 98203
Troy R. Brown officer: Ex. V.P. of E-commerce 4001 204TH STREET SW, LYNNWOOD WA 98036
Carmen Bauza director 2400 WEST CENTRAL ROAD, HOFFMAN ESTATES IL 60192
Chris K. Visser officer: General Counsel & Corp. Sec. 4001 204TH STREET SW, LYNNWOOD WA 98036
Holmes Kalen director 2401 UTAH AVENUE SOUTH, SUITE 800, SEATTLE WA 98134
Thomas D Campion director, officer: Chairman of Board of Directors 6300 MERRILL CREEK PARKWAY, SUITE B, EVERETT WA 98203
Work Christopher Codington officer: Chief Financial Officer 4001 204TH STREET SW, LYNNWOOD WA 98036
Sarah Gaines Mccoy director 6300 MERRILL CREEK PARKWAY, SUITE B, EVERETT WA 98203-5862
Scott Andrew Bailey director 4001 204TH STREET SW, LYNNWOOD WA 98036
Matthew L Hyde director C/O REI, 6750 SOUTH 228TH ST., KENT WA 98032
Ernest R Johnson director
Steve Louden director C/O ROKU, INC., 150 WINCHESTER CIRCLE, LOS GATOS CA 95032

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