Cracker Barrel Old Country Store (CBRL)
Total 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 |
| Total assets | US$ in thousands | 2,161,490 | 2,157,090 | 2,185,060 | 2,219,630 | 2,218,090 | 2,213,470 | 2,256,710 | 2,287,050 | 2,294,910 | 2,279,130 | 2,302,440 | 2,372,740 | 2,391,690 | 2,642,920 | 2,872,040 | 2,920,120 | 2,544,260 | 2,235,880 | 2,136,920 | 2,137,890 |
| Total asset turnover | 1.60 | 1.58 | 1.57 | 1.54 | 1.55 | 1.55 | 1.50 | 1.45 | 1.42 | 1.41 | 1.36 | 1.25 | 1.18 | 0.96 | 0.78 | 0.83 | 0.99 | 1.26 | 1.46 | 1.44 |
August 2, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,467,971K ÷ $2,161,490K
= 1.60
Total asset turnover measures how efficiently a company utilizes its assets to generate revenue. In the case of Cracker Barrel Old Country Store, the trend for total asset turnover has fluctuated over the past several periods. The ratios range from a low of 0.78 to a high of 1.60, reflecting variations in the company's ability to generate sales relative to its total assets.
Overall, the total asset turnover ratio has shown a slightly increasing trend from 0.78 in January 2021 to 1.60 in August 2024. This indicates that, in recent periods, Cracker Barrel has improved its efficiency in generating sales from its total assets. However, there have been fluctuations in the ratio over the period, suggesting potential changes in the company's asset management strategies or sales performance.
It is important to analyze the factors influencing these fluctuations, such as changes in sales volume, asset utilization, or asset composition, to gain a deeper understanding of Cracker Barrel's operational efficiency and overall financial performance.
Peer comparison
Aug 2, 2024