ConAgra Foods Inc (CAG)

Total asset turnover

		May 26, 2024	Feb 25, 2024	Nov 26, 2023	Aug 27, 2023	May 28, 2023	Feb 26, 2023	Nov 27, 2022	Aug 28, 2022	May 29, 2022	Feb 27, 2022	Nov 28, 2021	Aug 29, 2021	May 30, 2021	Feb 28, 2021	Nov 29, 2020	Aug 30, 2020	May 31, 2020	Feb 23, 2020	Nov 24, 2019	Aug 25, 2019
Revenue (ttm)	US$ in thousands	11,624,600	11,673,000	11,720,500	11,853,600	11,852,800	11,826,400	11,689,900	11,443,000	11,195,600	11,037,300	10,884,000	10,800,600	10,792,500	11,412,500	11,168,300	10,980,600	10,678,400	10,003,700	10,149,100	9,754,600
Total assets	US$ in thousands	20,862,300	21,919,900	22,120,000	22,365,400	22,052,600	22,454,200	22,414,000	22,219,500	22,435,100	22,499,300	22,592,000	22,539,900	22,195,600	22,105,100	22,276,700	22,377,300	22,304,000	22,202,100	22,492,600	22,354,500
Total asset turnover		0.56	0.53	0.53	0.53	0.54	0.53	0.52	0.51	0.50	0.49	0.48	0.48	0.49	0.52	0.50	0.49	0.48	0.45	0.45	0.44

May 26, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $11,624,600K ÷ $20,862,300K
= 0.56

The total asset turnover ratio measures how efficiently a company utilizes its assets to generate revenue. ConAgra Foods Inc's total asset turnover has fluctuated over the past few years, ranging from 0.44 to 0.56.

The trend indicates that ConAgra improved its asset utilization efficiency in the latest period, with a total asset turnover of 0.56. This suggests that for every dollar of assets the company had, it generated $0.56 in revenue during the period.

Overall, the company has shown a relatively stable asset turnover ratio over the years, with a slight upward trend in recent periods. This indicates that ConAgra is effectively managing its assets in generating revenue and may be improving its operational efficiency. However, further analysis and comparison with industry peers are required to gain a more comprehensive understanding of ConAgra's asset management performance.