Genesco(Gco) Financials: Total Asset Turnover Compared To Industry Average, Plus Other Key Ratios
Growth Trend (Last 5 Years)
Growth - total asset turnover
This chart shows the historical trend of total asset turnover for GCO compared to its industry average over the recent years.
Ratio Definition and Interpretation
Name: Total Asset Turnover
Definition: Total asset turnover measures how efficiently the company generates sales from its entire asset base. A high turnover means the company gets a lot of sales out of relatively fewer assets — very efficient. A low turnover may suggest underused assets or bloated balance sheets.
Interpretation:
• In '2022', GCO's total asset turnover was 1.55, reflecting overall efficiency in utilizing assets. Industry average for Clothing/Shoe/Accessory Stores in '2022' stood at 1.48.
• In '2023', GCO's total asset turnover was 1.58, reflecting overall efficiency in utilizing assets. The increase since '2022' reflects strengthening financial performance. Industry average for Clothing/Shoe/Accessory Stores in '2023' stood at 1.43. Industry average declined by 0.05 from previous year.
• In '2024', GCO's total asset turnover was 1.67, reflecting overall efficiency in utilizing assets. The increase since '2023' reflects strengthening financial performance. Industry average for Clothing/Shoe/Accessory Stores in '2024' stood at 1.41. Industry average declined by 0.02 from previous year.
• In '2025', GCO's total asset turnover was 1.74, reflecting overall efficiency in utilizing assets. The increase since '2024' reflects strengthening financial performance. Industry average for Clothing/Shoe/Accessory Stores in '2025' stood at 1.46. Industry average increased by 0.05 compared to previous year.
Overall, GCO's total asset turnover has steadily improved over the past 4 years.
Formula: Total Asset Turnover = Net Sales / Total Assets
Good Range: Ranges from 0.5 to 2 depending on business type.