Cal-Maine Foods Inc (CALM)
Fixed asset turnover
| Jun 1, 2024 | Mar 2, 2024 | Dec 2, 2023 | Sep 2, 2023 | Jun 3, 2023 | Feb 25, 2023 | Nov 26, 2022 | Aug 27, 2022 | May 28, 2022 | Feb 26, 2022 | Nov 27, 2021 | Aug 28, 2021 | May 29, 2021 | Feb 27, 2021 | Nov 28, 2020 | Aug 29, 2020 | May 30, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,348,374 | 2,396,265 | 2,688,969 | 2,962,667 | 3,155,135 | 3,059,414 | 2,534,012 | 2,123,411 | 1,796,346 | 1,553,178 | 1,434,020 | 1,388,348 | 1,348,981 | 1,452,523 | 1,439,031 | 1,403,225 | 1,351,609 | 1,178,848 | 1,217,253 | 1,261,771 |
| Property, plant and equipment | US$ in thousands | 857,234 | 826,573 | 815,468 | 752,580 | 744,540 | 712,512 | 703,882 | 688,656 | 677,796 | 671,373 | 667,250 | 667,963 | 589,417 | 585,389 | 581,744 | 568,598 | 557,375 | 542,996 | 531,443 | 462,148 |
| Fixed asset turnover | 2.74 | 2.90 | 3.30 | 3.94 | 4.24 | 4.29 | 3.60 | 3.08 | 2.65 | 2.31 | 2.15 | 2.08 | 2.29 | 2.48 | 2.47 | 2.47 | 2.42 | 2.17 | 2.29 | 2.73 |
June 1, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,348,374K ÷ $857,234K
= 2.74
The fixed asset turnover ratio for Cal-Maine Foods Inc has exhibited fluctuations over the period under review. Starting from November 2019, the ratio stood at 2.73 and experienced a decrease to 2.29 by February 2020.
From there, it showed an increase to 2.42 by May 2020, before peaking at 4.24 by September 2023. Subsequently, it began to decline, reaching 2.74 by June 2024.
Overall, the company's fixed asset turnover ratio has generally shown a positive trend, indicating an improvement in the company's ability to generate revenue relative to its investment in fixed assets. However, the fluctuation in the ratio over the period suggests that there may have been changes in the company's asset utilization efficiency or revenue generation strategies that have impacted this metric.