Cracker Barrel Old Country Store (CBRL)

Fixed asset turnover

		Aug 2, 2024	Apr 26, 2024	Jan 26, 2024	Oct 27, 2023	Jul 28, 2023	Apr 28, 2023	Jan 27, 2023	Oct 28, 2022	Jul 29, 2022	Apr 29, 2022	Jan 28, 2022	Oct 29, 2021	Jul 30, 2021	Apr 30, 2021	Jan 29, 2021	Oct 30, 2020	Jul 31, 2020	May 1, 2020	Jan 31, 2020	Nov 1, 2019
Revenue (ttm)	US$ in thousands	3,467,971	3,410,528	3,426,082	3,424,549	3,441,183	3,435,191	3,392,698	3,321,090	3,265,266	3,219,442	3,142,662	2,957,571	2,820,643	2,531,303	2,250,431	2,419,405	2,522,792	2,814,825	3,121,884	3,087,448
Property, plant and equipment	US$ in thousands	959,821	944,859	965,667	968,441	971,945	963,565	965,565	965,795	969,609	958,928	956,682	967,099	979,850	983,192	995,845	1,006,370	1,130,060	1,151,620	1,176,750	1,177,970
Fixed asset turnover		3.61	3.61	3.55	3.54	3.54	3.57	3.51	3.44	3.37	3.36	3.28	3.06	2.88	2.57	2.26	2.40	2.23	2.44	2.65	2.62

August 2, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $3,467,971K ÷ $959,821K
= 3.61

The fixed asset turnover ratio for Cracker Barrel Old Country Store has shown fluctuations over the past 20 quarters. The ratio measures how efficiently the company is utilizing its fixed assets to generate sales revenue. A higher ratio indicates that the company is generating more sales relative to its investment in fixed assets.

From November 2019 to August 2022, the fixed asset turnover ratio ranged between 2.23 and 3.61, with some fluctuations. The ratio peaked at 3.61 in April 2023 and August 2023, indicating that the company was efficiently using its fixed assets to generate sales revenue during those periods.

However, from January 2021 to April 2021, the ratio dipped to 2.26, the lowest point in the period analyzed. This could suggest a decrease in the efficiency of using fixed assets to generate sales revenue during that specific quarter.

Overall, the trend for the fixed asset turnover ratio appears to be fluctuating but generally improving over the period analyzed. It is important for the company to continue monitoring and optimizing its use of fixed assets to maintain or improve its efficiency in generating sales revenue.