Commercial Metals Company (CMC)

Total asset turnover

		Aug 31, 2024	May 31, 2024	Feb 29, 2024	Nov 30, 2023	Aug 31, 2023	May 31, 2023	Feb 28, 2023	Nov 30, 2022	Aug 31, 2022	May 31, 2022	Feb 28, 2022	Nov 30, 2021	Aug 31, 2021	May 31, 2021	Feb 28, 2021	Nov 30, 2020	Aug 31, 2020	May 31, 2020	Feb 29, 2020	Nov 30, 2019
Revenue (ttm)	US$ in thousands	7,878,080	8,095,050	8,364,790	8,536,410	8,759,370	9,226,700	9,389,600	9,361,170	9,117,680	8,467,780	7,801,570	7,252,900	6,656,150	6,046,880	5,534,950	5,430,800	5,429,840	5,563,710	5,833,520	5,888,080
Total assets	US$ in thousands	6,817,840	6,710,230	6,662,260	6,695,170	6,639,090	6,639,090	6,639,090	6,639,090	6,237,030	6,103,700	5,504,220	4,725,260	4,638,670	4,391,080	4,064,040	4,016,670	4,081,730	3,954,890	3,907,940	3,808,350
Total asset turnover		1.16	1.21	1.26	1.28	1.32	1.39	1.41	1.41	1.46	1.39	1.42	1.53	1.43	1.38	1.36	1.35	1.33	1.41	1.49	1.55

August 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $7,878,080K ÷ $6,817,840K
= 1.16

Commercial Metals Company's total asset turnover has exhibited some fluctuation over the past 20 quarters. The company's total asset turnover ratio has ranged from a low of 1.16 to a high of 1.55 during this period. The trend shows some variability, with periods of increasing and decreasing total asset turnover.

Overall, the average total asset turnover for Commercial Metals Company is approximately 1.39 over the past 20 quarters. This indicates that, on average, the company generates $1.39 in sales for every dollar of assets held during this period.

It is important to note that a higher total asset turnover ratio generally indicates that a company is more efficient in generating sales from its assets. Therefore, Commercial Metals Company's consistent total asset turnover ratios above 1.0 suggest that the company has been effectively utilizing its assets to generate sales revenue.