Core & Main Inc (CNM)
Total asset turnover
| Jan 31, 2025 | Jan 31, 2024 | Jan 28, 2024 | Jan 31, 2023 | Jan 29, 2023 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 7,441,000 | 6,702,000 | 6,621,000 | 6,651,000 | 6,585,000 |
| Total assets | US$ in thousands | 5,870,000 | 5,069,000 | 5,069,000 | 4,909,000 | 4,909,000 |
| Total asset turnover | 1.27 | 1.32 | 1.31 | 1.35 | 1.34 |
January 31, 2025 calculation
Total asset turnover = Revenue ÷ Total assets
= $7,441,000K ÷ $5,870,000K
= 1.27
Core & Main Inc's total asset turnover has shown a trend of slight fluctuations over the past few years, with values ranging from 1.27 to 1.35. The ratio indicates that for every dollar of total assets, the company generates sales revenue between 1.27 to 1.35 times annually. This implies that the company efficiently utilizes its assets to generate revenue. Despite the minor variations, the overall performance suggests a consistent ability to generate sales relative to its asset base. Monitoring this ratio over time can provide insights into the company's operational efficiency and asset management strategies.