ConAgra Foods Inc (CAG)
Total 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 |
| Total assets | US$ in thousands | 20,744,500 | 21,018,100 | 21,247,800 | 20,862,300 | 20,862,300 | 21,919,900 | 21,919,900 | 22,120,000 | 22,120,000 | 22,365,400 | 22,365,400 | 22,052,600 | 22,052,600 | 22,454,200 | 22,454,200 | 22,414,000 | 22,414,000 | 22,219,500 | 22,219,500 | 22,435,100 |
| Total asset turnover | 0.57 | 0.56 | 0.54 | 0.56 | 0.57 | 0.56 | 0.55 | 0.54 | 0.53 | 0.52 | 0.52 | 0.54 | 0.55 | 0.56 | 0.55 | 0.55 | 0.53 | 0.52 | 0.52 | 0.51 |
February 28, 2025 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $11,736,900K ÷ $20,744,500K
= 0.57
ConAgra Foods Inc's total asset turnover ratio has shown a consistent improvement over the period from May 31, 2022, to February 28, 2025. The ratio has increased from 0.51 to 0.57, indicating that the company is generating more revenue from its assets. This suggests that ConAgra Foods Inc is becoming more efficient in utilizing its assets to generate sales.
The upward trend in the total asset turnover ratio may be a positive indicator of the company's operational efficiency and effectiveness in managing its assets. A higher total asset turnover ratio typically signifies that the company is effectively using its assets to generate sales revenue.
It is important to note that while a rising total asset turnover ratio is generally favorable, a very high ratio may also indicate that the company could be relying heavily on its assets to drive sales and may face challenges in expanding its asset base for future growth. Overall, the trend observed in ConAgra Foods Inc's total asset turnover ratio reflects an improvement in the company's asset management efficiency.
Peer comparison
Feb 28, 2025