Cal-Maine Foods Inc (CALM)
Total asset turnover
| May 31, 2025 | Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | Jun 1, 2024 | May 31, 2024 | Mar 2, 2024 | Feb 29, 2024 | Dec 2, 2023 | Nov 30, 2023 | Sep 2, 2023 | Aug 31, 2023 | Jun 3, 2023 | May 31, 2023 | Feb 28, 2023 | Feb 25, 2023 | Nov 30, 2022 | Nov 26, 2022 | Aug 31, 2022 | Aug 27, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 4,261,882 | 3,799,011 | 3,022,120 | 2,778,385 | 2,695,590 | 2,584,704 | 2,467,149 | 2,222,959 | 1,979,227 | 2,138,004 | 2,303,450 | 2,834,197 | 3,378,493 | 3,491,513 | 3,606,434 | 3,267,285 | 2,922,859 | 2,714,123 | 2,503,481 | 2,322,622 |
| Total assets | US$ in thousands | 3,102,490 | 3,081,570 | 2,490,100 | 2,390,010 | 2,184,760 | 2,198,940 | 2,133,530 | 2,133,530 | 1,966,800 | 1,966,800 | 1,900,370 | 1,900,370 | 1,954,520 | 1,954,520 | 1,992,480 | 1,992,480 | 1,763,440 | 1,763,440 | 1,554,730 | 1,554,730 |
| Total asset turnover | 1.37 | 1.23 | 1.21 | 1.16 | 1.23 | 1.18 | 1.16 | 1.04 | 1.01 | 1.09 | 1.21 | 1.49 | 1.73 | 1.79 | 1.81 | 1.64 | 1.66 | 1.54 | 1.61 | 1.49 |
May 31, 2025 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $4,261,882K ÷ $3,102,490K
= 1.37
The total asset turnover ratio for Cal-Maine Foods Inc exhibits notable fluctuations over the analyzed period, reflecting variability in asset utilization efficiency. From August 2022 through June 2023, the ratio experienced an upward trend, increasing from approximately 1.49 to a peak of 1.81 on February 28, 2023. This rise suggests that the company was increasingly efficient in generating revenue from its asset base during this interval.
Following this peak, a decline is observed, with the ratio decreasing to 1.21 by September 2023 and further down to approximately 1.01 by December 2023. This downward movement indicates a reduction in the efficiency of asset utilization, possibly due to changes in sales volume, asset base, or operational factors.
However, starting from early 2024, the ratio shows signs of recovery, gradually increasing to around 1.37 by May 2025. This upward trend may reflect efforts to optimize operations or an increase in sales relative to assets.
Overall, the ratio demonstrates periods of both growth and contraction, with a discernible peak in early 2023 followed by a decline and subsequent partial recovery, illustrating variability in how effectively Cal-Maine Foods Inc has utilized its assets to generate revenue over the observed timeframe.