Core & Main Inc (CNM)
Fixed asset turnover
| Jan 28, 2024 | Oct 29, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 29, 2023 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | Jan 30, 2022 | Oct 31, 2021 | Aug 1, 2021 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 6,621,000 | 6,557,000 | 6,552,000 | 6,557,000 | 6,585,000 | 6,464,800 | 6,054,600 | 5,471,600 | |||
| Property, plant and equipment | US$ in thousands | 151,000 | 142,000 | 130,000 | 121,000 | 105,000 | 105,000 | 101,000 | 95,000 | 94,000 | 90,700 | 82,200 |
| Fixed asset turnover | 43.85 | 46.18 | 50.40 | 54.19 | 62.71 | 61.57 | 59.95 | 57.60 |
January 28, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $6,621,000K ÷ $151,000K
= 43.85
The fixed asset turnover ratio of Core & Main Inc has shown a generally increasing trend over the past few quarters. The ratio increased from 43.85 in January 2023 to a peak of 62.71 in January 2023, indicating that the company generated $62.71 in sales for every dollar invested in fixed assets during that period.
This suggests that Core & Main Inc has been able to effectively utilize its fixed assets to generate sales revenue. A higher fixed asset turnover ratio is generally considered favorable as it indicates that the company is efficient in generating sales from its fixed assets.
Overall, the increasing trend in the fixed asset turnover ratio reflects positively on Core & Main Inc's operational efficiency and suggests that the company is effectively managing and utilizing its fixed assets to drive sales growth.