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Ollie's Bargain Outlet Holdings (Ollie's Bargain Outlet Holdings) Asset Turnover : 0.22 (As of Apr. 2024)


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What is Ollie's Bargain Outlet Holdings Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Ollie's Bargain Outlet Holdings's Revenue for the three months ended in Apr. 2024 was $509 Mil. Ollie's Bargain Outlet Holdings's Total Assets for the quarter that ended in Apr. 2024 was $2,303 Mil. Therefore, Ollie's Bargain Outlet Holdings's Asset Turnover for the quarter that ended in Apr. 2024 was 0.22.

Asset Turnover is linked to ROE % through Du Pont Formula. Ollie's Bargain Outlet Holdings's annualized ROE % for the quarter that ended in Apr. 2024 was 12.19%. It is also linked to ROA % through Du Pont Formula. Ollie's Bargain Outlet Holdings's annualized ROA % for the quarter that ended in Apr. 2024 was 8.05%.


Ollie's Bargain Outlet Holdings Asset Turnover Historical Data

The historical data trend for Ollie's Bargain Outlet Holdings'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.

Ollie's Bargain Outlet Holdings Asset Turnover Chart

Ollie's Bargain Outlet Holdings 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 1.02 1.00 0.88 0.91 0.97

Ollie's Bargain Outlet Holdings 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 0.22 0.24 0.22 0.29 0.22

Competitive Comparison of Ollie's Bargain Outlet Holdings's Asset Turnover

For the Discount Stores subindustry, Ollie's Bargain Outlet Holdings'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.


Ollie's Bargain Outlet Holdings's Asset Turnover Distribution in the Retail - Defensive Industry

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

* The bar in red indicates where Ollie's Bargain Outlet Holdings's Asset Turnover falls into.



Ollie's Bargain Outlet Holdings Asset Turnover Calculation

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

Ollie's Bargain Outlet Holdings'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 )
=2102.662/( (2044.096+2294.594)/ 2 )
=2102.662/2169.345
=0.97

Ollie's Bargain Outlet Holdings'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 )
=508.818/( (2294.594+2311.468)/ 2 )
=508.818/2303.031
=0.22

* 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.


Ollie's Bargain Outlet Holdings  (NAS:OLLI) Asset Turnover Explanation

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

Ollie's Bargain Outlet Holdings's annulized ROE % for the quarter that ended in Apr. 2024 is

ROE %**(Q: Apr. 2024 )
=Net Income/Total Stockholders Equity
=185.368/1520.328
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(185.368 / 2035.272)*(2035.272 / 2303.031)*(2303.031/ 1520.328)
=Net Margin %*Asset Turnover*Equity Multiplier
=9.11 %*0.8837*1.5148
=ROA %*Equity Multiplier
=8.05 %*1.5148
=12.19 %

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:

Ollie's Bargain Outlet Holdings's annulized ROA % for the quarter that ended in Apr. 2024 is

ROA %(Q: Apr. 2024 )
=Net Income/Total Assets
=185.368/2303.031
=(Net Income / Revenue)*(Revenue / Total Assets)
=(185.368 / 2035.272)*(2035.272 / 2303.031)
=Net Margin %*Asset Turnover
=9.11 %*0.8837
=8.05 %

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.


Ollie's Bargain Outlet Holdings Asset Turnover Related Terms

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Ollie's Bargain Outlet Holdings (Ollie's Bargain Outlet Holdings) Business Description

Traded in Other Exchanges
Address
6295 Allentown Boulevard, Suite 1, Harrisburg, PA, USA, 17112
Ollie's Bargain Outlet Holdings Inc is a retailer of brand-name merchandise at drastically reduced prices. It offers customers a selection of brand-name products, including housewares, food, books and stationery, bed and bath, floor coverings, toys, and hardware. It operates stores across the Eastern half of the United States. Its differentiated go-to-market strategy is characterized by a unique, fun, and engaging treasure hunt shopping experience, compelling customer value proposition, and witty, humorous in-store signage and advertising campaigns. These attributes have driven rapid growth and strong and consistent store performance for the company.
Executives
John W Swygert officer: EVP, CFO OLLIE'S BARGAIN OUTLET, INC., 6295 ALLENTOWN BLVD., SUITE 1, HARRISBURG PA 17112
Robert F Helm officer: SVP/CFO 500 PLAZA DRIVE, THE CHILDREN'S PLACE, SECAUCUS NJ 07094
Larry Kraus officer: VP, CIO C/O OLLIE'S BARGAIN OUTLET HOLDINGS, INC, 6295 ALLENTOWN BOULEVARD, SUITE 1, HARRISBURG PA 17112
Stanley Fleishman director
Thomas Hendrickson director 16234 SANDSTONE DRIVE, MORRISON CO 80465
Abid Rizvi director C/O OLLIE'S BARGAIN OUTLET HOLDINGS, INC, 6295 ALLENTOWN BOULEVARD, SUITE 1, HARRISBURG PA 17112
Van Der Valk Eric officer: EVP, COO C/O OLLIE'S BARGAIN OUTLET HOLDINGS, INC, 6295 ALLENTOWN BOULEVARD, SUITE 1, HARRISBURG PA 17112
James J Comitale officer: SVP, General Counsel 30 HUNTER LANE, CAMP HILL PA 17011
Alissa M Ahlman director AT HOME GROUP INC., 1600 EAST PLANO PARKWAY, PLANO TX 75074
Richard F Zannino director C/O IAC/INTERACTIVECORP, 555 WEST 18TH STREET, NEW YORK NY 10011
Kenneth Robert Bertram officer: VP, General Counsel 3404 CHOCO CHASE, MECHNICSBURG NY 17055
Ray Daugherty officer: SVP, Supply Chain C/O OLLIE'S BARGAIN OUTLET HOLDINGS, INC, 6295 ALLENTOWN BOULEVARD, SUITE 1, HARRISBURG PA 17112
Kevin Mclain officer: SVP, Merchandising 1405 SUMMIT WAY, MECHNICSBURG PA 17050
Scott Osborne officer: VP, Store Operations C/O OLLIE'S BARGAIN OUTLET HOLDINGS, INC, 6295 ALLENTOWN BOULEVARD, SUITE 1, HARRISBURG PA 17112
Omar Segura officer: Sr. VP of Store Operations 576 BLUE MOUNTAIN PARKWAY, HARRISBURG PA 17112

Ollie's Bargain Outlet Holdings (Ollie's Bargain Outlet Holdings) Headlines