Analysis of Long-term (Investment) Activity Ratios
Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.
Long-term Activity Ratios (Summary)
Dollar Tree Inc., long-term (investment) activity ratios
Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28).
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | Dollar Tree Inc. net fixed asset turnover ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022. |
| Net fixed asset turnover (including operating lease, right-of-use asset) | An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). | Dollar Tree Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022. |
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | Dollar Tree Inc. total asset turnover ratio improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022 not reaching 2020 level. |
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | Dollar Tree Inc. equity turnover ratio deteriorated from 2020 to 2021 and from 2021 to 2022. |
Net Fixed Asset Turnover
Dollar Tree Inc., net fixed asset turnover calculation, comparison to benchmarks
| Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | Feb 2, 2019 | Feb 3, 2018 | Jan 28, 2017 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Net sales | 26,309,800) | 25,508,400) | 23,610,800) | 22,823,300) | 22,245,500) | 20,719,200) | |
| Property, plant and equipment, net of accumulated depreciation | 4,477,300) | 4,116,300) | 3,881,800) | 3,445,300) | 3,200,700) | 3,115,800) | |
| Long-term Activity Ratio | |||||||
| Net fixed asset turnover1 | 5.88 | 6.20 | 6.08 | 6.62 | 6.95 | 6.65 | |
| Benchmarks | |||||||
| Net Fixed Asset Turnover, Competitors2 | |||||||
| Costco Wholesale Corp. | 8.48 | 7.84 | 7.29 | 7.03 | — | — | |
| Dollar General Corp. | 7.87 | 8.65 | 8.47 | 8.63 | — | — | |
| Target Corp. | 3.71 | 3.44 | 2.93 | 2.92 | — | — | |
| Walmart Inc. | 5.74 | 5.77 | 4.74 | 4.58 | — | — | |
| Net Fixed Asset Turnover, Sector | |||||||
| Consumer Staples Distribution & Retail | 5.89 | 5.77 | 4.88 | 4.71 | — | — | |
| Net Fixed Asset Turnover, Industry | |||||||
| Consumer Staples | 5.40 | 5.28 | 4.57 | 4.46 | — | — | |
Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28).
1 2022 Calculation
Net fixed asset turnover = Net sales ÷ Property, plant and equipment, net of accumulated depreciation
= 26,309,800 ÷ 4,477,300 = 5.88
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | Dollar Tree Inc. net fixed asset turnover ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022. |
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)
Dollar Tree Inc., net fixed asset turnover (including operating lease, right-of-use asset) calculation, comparison to benchmarks
| Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | Feb 2, 2019 | Feb 3, 2018 | Jan 28, 2017 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Net sales | 26,309,800) | 25,508,400) | 23,610,800) | 22,823,300) | 22,245,500) | 20,719,200) | |
| Property, plant and equipment, net of accumulated depreciation | 4,477,300) | 4,116,300) | 3,881,800) | 3,445,300) | 3,200,700) | 3,115,800) | |
| Operating lease right-of-use assets | 6,425,300) | 6,324,100) | 6,225,000) | —) | —) | —) | |
| Property, plant and equipment, net of accumulated depreciation (including operating lease, right-of-use asset) | 10,902,600) | 10,440,400) | 10,106,800) | 3,445,300) | 3,200,700) | 3,115,800) | |
| Long-term Activity Ratio | |||||||
| Net fixed asset turnover (including operating lease, right-of-use asset)1 | 2.41 | 2.44 | 2.34 | 6.62 | 6.95 | 6.65 | |
| Benchmarks | |||||||
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2 | |||||||
| Costco Wholesale Corp. | 7.67 | 7.01 | 6.48 | 7.03 | — | — | |
| Dollar General Corp. | 2.37 | 2.52 | 2.30 | 8.63 | — | — | |
| Target Corp. | 3.40 | 3.17 | 2.70 | 2.71 | — | — | |
| Walmart Inc. | 5.04 | 5.05 | 4.09 | 4.58 | — | — | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector | |||||||
| Consumer Staples Distribution & Retail | 4.97 | 4.86 | 4.09 | 4.66 | — | — | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry | |||||||
| Consumer Staples | 4.68 | 4.57 | 3.93 | 4.35 | — | — | |
Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28).
1 2022 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset) = Net sales ÷ Property, plant and equipment, net of accumulated depreciation (including operating lease, right-of-use asset)
= 26,309,800 ÷ 10,902,600 = 2.41
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover (including operating lease, right-of-use asset) | An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). | Dollar Tree Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022. |
Total Asset Turnover
Dollar Tree Inc., total asset turnover calculation, comparison to benchmarks
| Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | Feb 2, 2019 | Feb 3, 2018 | Jan 28, 2017 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Net sales | 26,309,800) | 25,508,400) | 23,610,800) | 22,823,300) | 22,245,500) | 20,719,200) | |
| Total assets | 21,721,800) | 20,696,000) | 19,574,600) | 13,501,200) | 16,332,800) | 15,701,600) | |
| Long-term Activity Ratio | |||||||
| Total asset turnover1 | 1.21 | 1.23 | 1.21 | 1.69 | 1.36 | 1.32 | |
| Benchmarks | |||||||
| Total Asset Turnover, Competitors2 | |||||||
| Costco Wholesale Corp. | 3.47 | 3.24 | 2.94 | 3.29 | — | — | |
| Dollar General Corp. | 1.30 | 1.30 | 1.22 | 1.94 | — | — | |
| Target Corp. | 1.94 | 1.80 | 1.80 | 1.80 | — | — | |
| Walmart Inc. | 2.32 | 2.20 | 2.20 | 2.33 | — | — | |
| Total Asset Turnover, Sector | |||||||
| Consumer Staples Distribution & Retail | 2.39 | 2.25 | 2.20 | 2.38 | — | — | |
| Total Asset Turnover, Industry | |||||||
| Consumer Staples | 1.51 | 1.45 | 1.35 | 1.43 | — | — | |
Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28).
1 2022 Calculation
Total asset turnover = Net sales ÷ Total assets
= 26,309,800 ÷ 21,721,800 = 1.21
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | Dollar Tree Inc. total asset turnover ratio improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022 not reaching 2020 level. |
Equity Turnover
Dollar Tree Inc., equity turnover calculation, comparison to benchmarks
| Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | Feb 2, 2019 | Feb 3, 2018 | Jan 28, 2017 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Net sales | 26,309,800) | 25,508,400) | 23,610,800) | 22,823,300) | 22,245,500) | 20,719,200) | |
| Shareholders’ equity | 7,718,500) | 7,285,300) | 6,254,800) | 5,642,900) | 7,182,300) | 5,389,500) | |
| Long-term Activity Ratio | |||||||
| Equity turnover1 | 3.41 | 3.50 | 3.77 | 4.04 | 3.10 | 3.84 | |
| Benchmarks | |||||||
| Equity Turnover, Competitors2 | |||||||
| Costco Wholesale Corp. | 10.79 | 10.93 | 8.93 | 9.80 | — | — | |
| Dollar General Corp. | 5.46 | 5.07 | 4.14 | 3.99 | — | — | |
| Target Corp. | 8.16 | 6.40 | 6.52 | 6.59 | — | — | |
| Walmart Inc. | 6.82 | 6.86 | 6.96 | 7.04 | — | — | |
| Equity Turnover, Sector | |||||||
| Consumer Staples Distribution & Retail | 7.56 | 7.30 | 7.07 | 7.20 | — | — | |
| Equity Turnover, Industry | |||||||
| Consumer Staples | 6.04 | 5.82 | 5.62 | 5.45 | — | — | |
Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28).
1 2022 Calculation
Equity turnover = Net sales ÷ Shareholders’ equity
= 26,309,800 ÷ 7,718,500 = 3.41
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | Dollar Tree Inc. equity turnover ratio deteriorated from 2020 to 2021 and from 2021 to 2022. |