ConAgra Foods Inc (CAG)
Fixed asset turnover
| May 31, 2025 | May 31, 2024 | May 26, 2024 | May 31, 2023 | May 28, 2023 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 11,612,800 | 12,050,900 | 11,624,600 | 12,277,000 | 11,852,600 |
| Property, plant and equipment | US$ in thousands | — | — | 2,896,900 | 2,773,800 | 2,736,400 |
| Fixed asset turnover | — | — | 4.01 | 4.43 | 4.33 |
May 31, 2025 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $11,612,800K ÷ $—K
= —
The fixed asset turnover ratio for ConAgra Foods Inc. provides insight into how effectively the company utilizes its fixed assets to generate sales. Based on the available data, the ratio exhibits some variability over the observed periods.
As of May 28, 2023, the fixed asset turnover stood at 4.33, indicating that for each dollar invested in fixed assets, the company generated approximately 4.33 dollars of sales. This ratio slightly increased by May 31, 2023, reaching 4.43, which suggests an improvement in asset efficiency during this period.
However, by May 26, 2024, the ratio declined to 4.01. This decrease implies a reduction in the company's ability to generate sales from its fixed assets, potentially due to increased asset base not matched proportionally by sales growth or a shift in operational effectiveness.
It is noteworthy that in the subsequent period ending May 31, 2024, the ratio data is not available, denoted by an em dash, which could indicate the absence of recent or comparable data, possibly due to reporting delays or transitional periods.
Furthermore, the ratio for May 31, 2025, is also not provided, suggesting the most recent data point is unavailable or has yet to be reported at the time of analysis.
Overall, the trend from May 2023 to May 2024 shows a slight decline in fixed asset efficiency, from 4.43 to 4.01, reflecting a potential need to review asset utilization strategies. The absence of data beyond this period limits the ability to assess long-term trends, but the existing figures point toward a modest decrease in fixed asset productivity over the period observed.
Peer comparison
May 31, 2025