Core & Main Inc (CNM)
Fixed asset turnover
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Jan 28, 2024 | Oct 31, 2023 | Oct 29, 2023 | Jul 31, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 31, 2023 | Jan 29, 2023 | Oct 31, 2022 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | Apr 30, 2022 | Jan 31, 2022 | Jan 30, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 7,441,000 | 7,183,000 | 6,563,000 | 6,426,000 | 6,492,000 | 6,913,000 | 7,334,000 | 7,081,000 | 6,648,000 | 6,141,000 | 6,120,000 | 6,348,000 | 6,835,000 | 7,066,000 | 6,846,000 | 6,290,000 | 5,662,800 | 5,482,600 | 5,145,600 | 5,197,200 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 151,000 | 326,000 | 142,000 | 130,000 | 130,000 | 121,000 | 105,000 | 105,000 | 105,000 | 105,000 | 101,000 | 95,000 | 95,000 | 246,000 | 94,000 |
| Fixed asset turnover | — | — | — | — | — | 45.78 | 22.50 | 49.87 | 51.14 | 47.24 | 50.58 | 60.46 | 65.10 | 67.30 | 65.20 | 62.28 | 59.61 | 57.71 | 20.92 | 55.29 |
January 31, 2025 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $7,441,000K ÷ $—K
= —
The fixed asset turnover ratio for Core & Main Inc has shown fluctuations over the period from January 30, 2022, to January 31, 2025. This ratio indicates how efficiently the company is utilizing its fixed assets to generate sales.
Initially, the fixed asset turnover ratio was high, reaching 67.30 on October 31, 2022, suggesting that the company was generating revenue efficiently relative to its investment in fixed assets. However, the ratio declined in subsequent periods.
There was a noticeable drop in the ratio to 22.50 on October 31, 2023, indicating a potential decrease in sales generated by the company's fixed assets during that period.
Subsequently, the fixed asset turnover ratio increased to 45.78 on January 28, 2024, before data becomes unavailable for the following periods.
The declining trend in the fixed asset turnover ratio after October 2022 could suggest potential inefficiencies in utilizing fixed assets to generate revenue. It would be important for Core & Main Inc to closely monitor and optimize its fixed asset utilization to improve efficiency and profitability in the future.