Commercial Metals Company (CMC)

Total asset turnover

		Aug 31, 2024	Aug 31, 2023	Aug 31, 2022	Aug 31, 2021	Aug 31, 2020
Revenue	US$ in thousands	7,878,070	8,759,230	9,122,140	6,669,820	5,420,640
Total assets	US$ in thousands	6,817,840	6,639,090	6,237,030	4,638,670	4,081,730
Total asset turnover		1.16	1.32	1.46	1.44	1.33

August 31, 2024 calculation

Total asset turnover = Revenue ÷ Total assets
= $7,878,070K ÷ $6,817,840K
= 1.16

Commercial Metals Company's total asset turnover has shown fluctuation over the past five years. The ratio peaked at 1.46 in 2022 before decreasing slightly to 1.44 in 2021. Subsequently, the ratio dropped to 1.33 in 2020 but rebounded to 1.32 in 2023. In the most recent period of August 31, 2024, the total asset turnover stands at 1.16. This indicates that for each dollar of total assets, the company generated $1.16 of revenue in 2024. Overall, the trend suggests some variation in the efficiency of utilizing assets to generate sales over the years.