Cal-Maine Foods Inc (CALM)
Total asset turnover
| May 31, 2025 | Jun 1, 2024 | May 31, 2024 | Jun 3, 2023 | May 31, 2023 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,261,880 | 2,325,870 | 2,326,440 | 3,145,760 | 3,146,220 |
| Total assets | US$ in thousands | 3,102,490 | 2,184,760 | 2,184,760 | 1,954,520 | 1,954,520 |
| Total asset turnover | 1.37 | 1.06 | 1.06 | 1.61 | 1.61 |
May 31, 2025 calculation
Total asset turnover = Revenue ÷ Total assets
= $4,261,880K ÷ $3,102,490K
= 1.37
The total asset turnover ratio for Cal-Maine Foods Inc. has exhibited notable fluctuations over the specified periods. As of May 31, 2023, and June 3, 2023, the ratio stood at 1.61, indicating a relatively efficient utilization of total assets to generate sales during this timeframe. By the subsequent year, around May 31, 2024, the ratio declined to 1.06, reflecting a decrease in asset efficiency, which persisted through June 1, 2024. This significant reduction suggests that the company’s ability to generate sales from its asset base diminished during this period. However, by May 31, 2025, the total asset turnover exhibited partial recovery, increasing to 1.37. Although this indicates an improvement relative to the previous year, it still remains below the levels observed in mid-2023. Overall, the data suggests that Cal-Maine Foods Inc. experienced a period of reduced asset utilization efficiency between 2023 and 2024, with a subsequent partial rebound in 2025.