Cal-Maine Foods Inc (CALM)
Total 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 |
| Total assets | US$ in thousands | 2,184,760 | 2,133,530 | 1,966,800 | 1,900,370 | 1,954,520 | 1,992,480 | 1,763,440 | 1,554,730 | 1,427,490 | 1,282,000 | 1,231,990 | 1,211,730 | 1,229,170 | 1,231,280 | 1,200,360 | 1,167,880 | 1,206,690 | 1,117,030 | 1,111,280 | 1,096,870 |
| Total asset turnover | 1.07 | 1.12 | 1.37 | 1.56 | 1.61 | 1.54 | 1.44 | 1.37 | 1.26 | 1.21 | 1.16 | 1.15 | 1.10 | 1.18 | 1.20 | 1.20 | 1.12 | 1.06 | 1.10 | 1.15 |
June 1, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,348,374K ÷ $2,184,760K
= 1.07
The total asset turnover ratio for Cal-Maine Foods Inc has shown fluctuations over the past few years. The ratio measures the company's ability to generate revenue from its assets.
Based on the data provided, Cal-Maine Foods Inc's total asset turnover ratio has ranged from a low of 1.06 to a high of 1.61 in the recent periods. A higher ratio indicates that the company is generating more revenue for each dollar of assets it owns.
The trend indicates that the company's efficiency in utilizing its assets to generate sales has improved over the years, reaching a peak in the most recent period. This may suggest better operational efficiency or effective management of assets.
However, the ratio has shown some variability, which could be due to changes in business operations, asset utilization, or economic factors influencing the company's performance.
Overall, the trend in Cal-Maine Foods Inc's total asset turnover ratio suggests improvements in asset utilization and revenue generation efficiency over the past few years.