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Bed Bath & Beyond (Bed Bath & Beyond) Asset Turnover : 0.36 (As of Feb. 2023)


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What is Bed Bath & Beyond Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Bed Bath & Beyond's Revenue for the three months ended in Feb. 2023 was $1,185 Mil. Bed Bath & Beyond's Total Assets for the quarter that ended in Feb. 2023 was $3,313 Mil. Therefore, Bed Bath & Beyond's Asset Turnover for the quarter that ended in Feb. 2023 was 0.36.

Asset Turnover is linked to ROE % through Du Pont Formula. Bed Bath & Beyond's annualized ROE % for the quarter that ended in Feb. 2023 was 529.53%. It is also linked to ROA % through Du Pont Formula. Bed Bath & Beyond's annualized ROA % for the quarter that ended in Feb. 2023 was -287.57%.


Bed Bath & Beyond Asset Turnover Historical Data

The historical data trend for Bed Bath & Beyond'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.

Bed Bath & Beyond Asset Turnover Chart

Bed Bath & Beyond Annual Data
Trend Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.77 1.55 1.30 1.36 1.45

Bed Bath & Beyond Quarterly Data
May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23
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 0.38 0.29 0.30 0.28 0.36

Competitive Comparison of Bed Bath & Beyond's Asset Turnover

For the Specialty Retail subindustry, Bed Bath & Beyond'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.


Bed Bath & Beyond's Asset Turnover Distribution in the Retail - Cyclical Industry

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

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



Bed Bath & Beyond Asset Turnover Calculation

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

Bed Bath & Beyond's Asset Turnover for the fiscal year that ended in Feb. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Feb. 2023 )/( (Total Assets (A: Feb. 2022 )+Total Assets (A: Feb. 2023 ))/ count )
=5344.685/( (5130.572+2225.217)/ 2 )
=5344.685/3677.8945
=1.45

Bed Bath & Beyond's Asset Turnover for the quarter that ended in Feb. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Feb. 2023 )/( (Total Assets (Q: Nov. 2022 )+Total Assets (Q: Feb. 2023 ))/ count )
=1185.137/( (4401.426+2225.217)/ 2 )
=1185.137/3313.3215
=0.36

* 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.


Bed Bath & Beyond  (OTCPK:BBBYQ) Asset Turnover Explanation

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

Bed Bath & Beyond's annulized ROE % for the quarter that ended in Feb. 2023 is

ROE %**(Q: Feb. 2023 )
=Net Income/Total Stockholders Equity
=-9528.04/-1799.3255
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-9528.04 / 4740.548)*(4740.548 / 3313.3215)*(3313.3215/ -1799.3255)
=Net Margin %*Asset Turnover*Equity Multiplier
=-200.99 %*1.4308*-1.8414
=ROA %*Equity Multiplier
=-287.57 %*-1.8414
=529.53 %

Note: The Net Income data used here is four times the quarterly (Feb. 2023) net income data. The Revenue data used here is four times the quarterly (Feb. 2023) 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:

Bed Bath & Beyond's annulized ROA % for the quarter that ended in Feb. 2023 is

ROA %(Q: Feb. 2023 )
=Net Income/Total Assets
=-9528.04/3313.3215
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-9528.04 / 4740.548)*(4740.548 / 3313.3215)
=Net Margin %*Asset Turnover
=-200.99 %*1.4308
=-287.57 %

Note: The Net Income data used here is four times the quarterly (Feb. 2023) net income data. The Revenue data used here is four times the quarterly (Feb. 2023) 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.


Bed Bath & Beyond Asset Turnover Related Terms

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Bed Bath & Beyond (Bed Bath & Beyond) Business Description

Traded in Other Exchanges
N/A
Address
650 Liberty Avenue, Union, NJ, USA, 07083
Bed Bath & Beyond Inc is a specialty home retailer in the U.S that sells a wide assortment of domestic merchandise and home furnishings, the assortment of branded bed and bath accessories, kitchen textiles, and cooking supplies the firm has divested the online retailer Personalizationmall.com, One Kings Lane, Christmas Tree Shops and That (gifts/housewares), Linen Holdings, and Cost Plus World Market in recent years.
Executives
Carol Flaton director 1001 LOUISIANA STREET, HOUSTON TX 77002
Scott Lindblom officer: EVP, Chief Tech & Digital OFC 650 LIBERTY AVENUE, UNION NJ 07083
Patty Wu officer: EVP, BRAND PRESIDENT 650 LIBERTY AVENUE, UNION NJ 07083
Hobart Sichel officer: EVP,CHF MARKET'G&CUSTOMER OFC 1830 ROUTE 130 NORTH, BURLINGTON NJ 08016
David Kastin officer: EVP, CHIEF LEGAL OFFICER C/O VITAMIN SHOPPE, INC., SECAUCUS NJ 07094
Gustavo Arnal officer: EVP, CFO C/O AVON PRODUCTS, INC., 1 AVON PLACE, SUFFERN NY 10901
Rc Ventures Llc 10 percent owner, other: See Footnote 1 PO BOX 25250, PMB 30427, MIAMI FL 33102
Ryan Cohen 10 percent owner, other: See Footnote 1 C/O OLSHAN FROME WOLOSKY LLP, 1325 AVENUE OF THE AMERICAS, NEW YORK NY 10019
Andrea Weiss director 23 RAMRAPO COURT WEST, GLENROCK NJ 07452
Laura Crossen officer: SVP, CHIEF ACCOUNTING OFFICER C/O BED BATH & BEYOND INC., 650 LIBERTY AVENUE, UNION NJ 07083
Mara Sirhal officer: EVP, CHIEF MERCHANDISING OFC C/O BED BATH & BEYOND INC., 650 LIBERTY AVENUE, UNION NJ 07083
Harriet Edelman director
Jeff Kirwan director TWO FOLSOM STREET, SAN FRANCISCO CA 94105
Sue Gove director, officer: INTERIM CEO 901 WEST WALNUT HILL LANE, MAIL STATION 6B-3, IRVING TX 75038
Mark J Tritton director, officer: PRESIDENT AND CEO TARGET CORPORATION, 1000 NICOLLET MALL, MINNEAPOLIS MN 55403