Cracker Barrel Old Country Store (CBRL)
Total 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 |
| Total assets | US$ in thousands | 2,161,490 | 2,218,090 | 2,294,910 | 2,391,690 | 2,544,260 |
| Total asset turnover | 1.60 | 1.55 | 1.42 | 1.18 | 0.99 |
August 2, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $3,459,870K ÷ $2,161,490K
= 1.60
The total asset turnover ratio for Cracker Barrel Old Country Store has been steadily increasing over the past five years, indicating an improvement in the company's efficiency in generating sales relative to its total assets. This trend suggests that the company is utilizing its assets more effectively to drive revenue. The ratio has shown consistent growth from 0.99 in July 2020 to 1.60 in August 2024, reflecting a positive trajectory in the company's asset utilization. Overall, the increasing total asset turnover ratio signifies that Cracker Barrel Old Country Store has been able to generate more sales revenue per dollar of assets invested, which is a favorable indication of operational efficiency and effectiveness.
Peer comparison
Aug 2, 2024