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)
lululemon athletica inc., long-term (investment) activity ratios
Based on: 10-K (reporting date: 2025-02-02), 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02).
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | lululemon athletica inc. net fixed asset turnover ratio deteriorated from 2023 to 2024 and from 2024 to 2025. |
| 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). | lululemon athletica inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from 2023 to 2024 and from 2024 to 2025. |
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | lululemon athletica inc. total asset turnover ratio deteriorated from 2023 to 2024 but then slightly improved from 2024 to 2025. |
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | lululemon athletica inc. equity turnover ratio deteriorated from 2023 to 2024 but then improved from 2024 to 2025 not reaching 2023 level. |
Net Fixed Asset Turnover
lululemon athletica inc., net fixed asset turnover calculation, comparison to benchmarks
| Feb 2, 2025 | Jan 28, 2024 | Jan 29, 2023 | Jan 30, 2022 | Jan 31, 2021 | Feb 2, 2020 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Net revenue | 10,588,126) | 9,619,278) | 8,110,518) | 6,256,617) | 4,401,879) | 3,979,296) | |
| Property and equipment, net | 1,780,617) | 1,545,811) | 1,269,614) | 927,710) | 745,687) | 671,693) | |
| Long-term Activity Ratio | |||||||
| Net fixed asset turnover1 | 5.95 | 6.22 | 6.39 | 6.74 | 5.90 | 5.92 | |
| Benchmarks | |||||||
| Net Fixed Asset Turnover, Competitors2 | |||||||
| Nike Inc. | — | 10.27 | 10.08 | 9.75 | 9.08 | 7.69 | |
| Net Fixed Asset Turnover, Sector | |||||||
| Consumer Durables & Apparel | — | 9.32 | 9.34 | 9.26 | 8.66 | 7.47 | |
| Net Fixed Asset Turnover, Industry | |||||||
| Consumer Discretionary | — | 3.22 | 3.50 | 3.47 | 3.31 | 3.37 | |
Based on: 10-K (reporting date: 2025-02-02), 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02).
1 2025 Calculation
Net fixed asset turnover = Net revenue ÷ Property and equipment, net
= 10,588,126 ÷ 1,780,617 = 5.95
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. | lululemon athletica inc. net fixed asset turnover ratio deteriorated from 2023 to 2024 and from 2024 to 2025. |
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)
lululemon athletica inc., net fixed asset turnover (including operating lease, right-of-use asset) calculation, comparison to benchmarks
| Feb 2, 2025 | Jan 28, 2024 | Jan 29, 2023 | Jan 30, 2022 | Jan 31, 2021 | Feb 2, 2020 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Net revenue | 10,588,126) | 9,619,278) | 8,110,518) | 6,256,617) | 4,401,879) | 3,979,296) | |
| Property and equipment, net | 1,780,617) | 1,545,811) | 1,269,614) | 927,710) | 745,687) | 671,693) | |
| Right-of-use operating lease assets | 1,416,256) | 1,265,610) | 969,419) | 803,543) | 734,835) | 689,664) | |
| Property and equipment, net (including operating lease, right-of-use asset) | 3,196,873) | 2,811,421) | 2,239,033) | 1,731,253) | 1,480,522) | 1,361,357) | |
| Long-term Activity Ratio | |||||||
| Net fixed asset turnover (including operating lease, right-of-use asset)1 | 3.31 | 3.42 | 3.62 | 3.61 | 2.97 | 2.92 | |
| Benchmarks | |||||||
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2 | |||||||
| Nike Inc. | — | 6.65 | 6.40 | 6.05 | 5.56 | 4.70 | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector | |||||||
| Consumer Durables & Apparel | — | 5.79 | 5.79 | 5.61 | 5.15 | 4.44 | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry | |||||||
| Consumer Discretionary | — | 2.51 | 2.68 | 2.66 | 2.51 | 2.57 | |
Based on: 10-K (reporting date: 2025-02-02), 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02).
1 2025 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset) = Net revenue ÷ Property and equipment, net (including operating lease, right-of-use asset)
= 10,588,126 ÷ 3,196,873 = 3.31
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). | lululemon athletica inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from 2023 to 2024 and from 2024 to 2025. |
Total Asset Turnover
lululemon athletica inc., total asset turnover calculation, comparison to benchmarks
| Feb 2, 2025 | Jan 28, 2024 | Jan 29, 2023 | Jan 30, 2022 | Jan 31, 2021 | Feb 2, 2020 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Net revenue | 10,588,126) | 9,619,278) | 8,110,518) | 6,256,617) | 4,401,879) | 3,979,296) | |
| Total assets | 7,603,292) | 7,091,941) | 5,607,038) | 4,942,478) | 4,185,215) | 3,281,354) | |
| Long-term Activity Ratio | |||||||
| Total asset turnover1 | 1.39 | 1.36 | 1.45 | 1.27 | 1.05 | 1.21 | |
| Benchmarks | |||||||
| Total Asset Turnover, Competitors2 | |||||||
| Nike Inc. | — | 1.35 | 1.36 | 1.16 | 1.18 | 1.19 | |
| Total Asset Turnover, Sector | |||||||
| Consumer Durables & Apparel | — | 1.35 | 1.38 | 1.17 | 1.17 | 1.20 | |
| Total Asset Turnover, Industry | |||||||
| Consumer Discretionary | — | 0.94 | 0.97 | 0.96 | 0.88 | 0.84 | |
Based on: 10-K (reporting date: 2025-02-02), 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02).
1 2025 Calculation
Total asset turnover = Net revenue ÷ Total assets
= 10,588,126 ÷ 7,603,292 = 1.39
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. | lululemon athletica inc. total asset turnover ratio deteriorated from 2023 to 2024 but then slightly improved from 2024 to 2025. |
Equity Turnover
lululemon athletica inc., equity turnover calculation, comparison to benchmarks
| Feb 2, 2025 | Jan 28, 2024 | Jan 29, 2023 | Jan 30, 2022 | Jan 31, 2021 | Feb 2, 2020 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Net revenue | 10,588,126) | 9,619,278) | 8,110,518) | 6,256,617) | 4,401,879) | 3,979,296) | |
| Stockholders’ equity | 4,324,047) | 4,232,081) | 3,148,799) | 2,740,046) | 2,558,566) | 1,952,218) | |
| Long-term Activity Ratio | |||||||
| Equity turnover1 | 2.45 | 2.27 | 2.58 | 2.28 | 1.72 | 2.04 | |
| Benchmarks | |||||||
| Equity Turnover, Competitors2 | |||||||
| Nike Inc. | — | 3.56 | 3.66 | 3.06 | 3.49 | 4.64 | |
| Equity Turnover, Sector | |||||||
| Consumer Durables & Apparel | — | 3.27 | 3.46 | 2.94 | 3.19 | 4.14 | |
| Equity Turnover, Industry | |||||||
| Consumer Discretionary | — | 3.24 | 3.86 | 4.21 | 3.74 | 4.82 | |
Based on: 10-K (reporting date: 2025-02-02), 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02).
1 2025 Calculation
Equity turnover = Net revenue ÷ Stockholders’ equity
= 10,588,126 ÷ 4,324,047 = 2.45
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. | lululemon athletica inc. equity turnover ratio deteriorated from 2023 to 2024 but then improved from 2024 to 2025 not reaching 2023 level. |