ConAgra Foods Inc (CAG)
Fixed asset turnover
| Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | May 26, 2024 | Feb 29, 2024 | Feb 25, 2024 | Nov 30, 2023 | Nov 26, 2023 | Aug 31, 2023 | Aug 27, 2023 | May 31, 2023 | May 28, 2023 | Feb 28, 2023 | Feb 26, 2023 | Nov 30, 2022 | Nov 27, 2022 | Aug 31, 2022 | Aug 28, 2022 | May 31, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 11,736,900 | 11,700,100 | 11,537,900 | 11,661,100 | 11,963,300 | 12,243,900 | 12,115,000 | 12,014,400 | 11,779,600 | 11,547,400 | 11,729,900 | 11,878,000 | 12,217,600 | 12,582,900 | 12,400,700 | 12,251,800 | 11,848,900 | 11,457,200 | 11,466,600 | 11,479,000 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | 2,896,900 | — | 2,876,700 | 2,876,500 | 2,876,500 | 2,914,600 | 2,914,600 | 2,773,800 | 2,736,400 | 2,702,000 | 2,702,000 | 2,688,200 | 2,688,200 | 2,704,600 | 2,704,600 | 2,713,900 |
| Fixed asset turnover | — | — | — | — | 4.13 | — | 4.21 | 4.18 | 4.10 | 3.96 | 4.02 | 4.28 | 4.46 | 4.66 | 4.59 | 4.56 | 4.41 | 4.24 | 4.24 | 4.23 |
February 28, 2025 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $11,736,900K ÷ $—K
= —
ConAgra Foods Inc's fixed asset turnover ratio has shown varying trends over the provided time period. The fixed asset turnover, which represents how efficiently the company is utilizing its fixed assets to generate revenue, increased from 4.23 in May 2022 to a peak of 4.66 in February 2023. This may indicate that the company was effectively generating sales in relation to its invested fixed assets during this period.
However, after reaching its peak in February 2023, the fixed asset turnover ratio started to decline gradually. It decreased to 3.96 by the end of August 2023, indicating a potential decrease in the efficiency of ConAgra Foods Inc's fixed asset utilization. Subsequently, the ratio exhibited some fluctuations but generally remained within the range of 4.10 to 4.21 until February 2024, where the latest available data shows a ratio of 4.21.
The lack of data for the subsequent periods from May 2024 to February 2025 prevents a more current analysis of the fixed asset turnover ratio. In conclusion, while the company initially showed improvements in utilizing its fixed assets efficiently, there was a subsequent decline, highlighting the importance of continuous monitoring of this ratio to assess operational effectiveness and asset management.
Peer comparison
Feb 28, 2025