ConAgra Foods Inc (CAG)
Fixed asset turnover
| May 31, 2024 | May 26, 2024 | May 31, 2023 | May 28, 2023 | May 31, 2022 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 12,050,900 | 11,624,600 | 12,277,000 | 11,852,600 | 11,535,900 |
| Property, plant and equipment | US$ in thousands | — | 2,896,900 | 2,773,800 | 2,736,400 | 2,713,900 |
| Fixed asset turnover | — | 4.01 | 4.43 | 4.33 | 4.25 |
May 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $12,050,900K ÷ $—K
= —
The fixed asset turnover ratio for ConAgra Foods Inc has shown a general trend of improvement over the past few years, increasing from 4.25 in May 31, 2022, to 4.43 in May 31, 2023. This indicates that the company generated $4.43 in revenue for every dollar invested in fixed assets during the fiscal year ending May 31, 2023.
However, there was a slight decline in the fixed asset turnover ratio to 4.01 in May 26, 2024, suggesting that the company may not have been utilizing its fixed assets as efficiently to generate revenue during that period.
It is important to note that the fixed asset turnover ratio is not available for May 31, 2024, which may be due to delayed reporting or other factors. Overall, the trend in the fixed asset turnover ratio for ConAgra Foods Inc indicates that the company has been effectively utilizing its fixed assets to generate revenue, with some fluctuations in efficiency over time.
Peer comparison
May 31, 2024