Cracker Barrel Old Country Store (CBRL)

Fixed asset turnover

		Aug 2, 2024	Jul 28, 2023	Jul 29, 2022	Jul 30, 2021	Jul 31, 2020
Revenue	US$ in thousands	3,459,870	3,436,210	3,262,150	2,817,380	2,516,320
Property, plant and equipment	US$ in thousands	959,821	971,945	969,609	979,850	1,130,060
Fixed asset turnover		3.60	3.54	3.36	2.88	2.23

August 2, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $3,459,870K ÷ $959,821K
= 3.60

Cracker Barrel Old Country Store's fixed asset turnover has shown a consistent improvement over the past five years. The fixed asset turnover ratio measures how efficiently the company is utilizing its fixed assets to generate sales revenue.

The trend indicates that for each dollar of fixed assets invested in the company, there has been a steady increase in sales generated. This improvement suggests that Cracker Barrel is becoming more effective in utilizing its fixed assets across the years.

The increase in fixed asset turnover from 2.23 in July 2020 to 3.60 in August 2024 signifies a positive development in the company's operational efficiency. This improvement indicates that Cracker Barrel has been able to generate more sales revenue per dollar of fixed assets invested, reflecting better utilization of its assets to drive revenue growth.

Overall, the upward trend in fixed asset turnover is a positive indicator of Cracker Barrel's operational efficiency and effectiveness in managing its fixed assets to generate sales.