ConAgra Foods Inc (CAG)
Fixed asset turnover
| May 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 11,612,800 | 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 |
| 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 |
| 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 |
May 31, 2025 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $11,612,800K ÷ $—K
= —
The fixed asset turnover ratio for ConAgra Foods Inc. demonstrates variability across the periods examined, reflecting fluctuations in the company's efficiency in utilizing its fixed assets to generate sales. As of August 28 and August 31, 2022, the ratio stood at 4.24, indicating a consistent level of asset utilization during this timeframe. Subsequently, the ratio experienced a gradual increase, reaching 4.41 on November 27, 2022, and progressing further to 4.56 on November 30, 2022, and 4.59 on February 26, 2023. This upward trend suggests an improvement in fixed asset efficiency, possibly due to better asset management or increased sales relative to fixed assets.
The ratio maintained a relatively high level into May 2023, peaking at 4.46 on May 28, 2023, before witnessing a slight decline to 4.28 on May 31, 2023. The subsequent months show a downward trend, with the ratio decreasing to 4.02 on August 27, 2023, and further to 3.96 on August 31, 2023. This decline indicates a reduction in the company's fixed asset utilization efficiency during this period, potentially due to factors such as asset underutilization, increased asset base without proportional sales growth, or operational adjustments.
Looking into the most recent data points from late 2023 and early 2024, the ratio appears to stabilize somewhat around the 4.10 to 4.21 range, with values of 4.10 on November 26, 2023, and 4.18 on November 30, 2023, before slightly increasing to 4.21 on February 25, 2024. The absence of subsequent data inhibits a comprehensive trend analysis past early 2024.
Overall, the fixed asset turnover ratio for ConAgra Foods Inc. shows periods of increasing efficiency, reaching a peak in early 2023, followed by a decline thereafter, suggesting variations in asset utilization effectiveness over the analyzed timeframe. The fluctuations underscore the importance of ongoing asset management and operational strategies to maintain or enhance asset efficiency in generating sales.
Peer comparison
May 31, 2025