Core & Main Inc (CNM)
Total 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 | |||
| Total assets | US$ in thousands | 5,069,000 | 5,067,000 | 5,039,000 | 4,929,000 | 4,909,000 | 5,190,000 | 5,148,000 | 4,894,000 | 4,434,000 | 4,380,800 | 4,053,300 |
| Total asset turnover | 1.31 | 1.29 | 1.30 | 1.33 | 1.34 | 1.25 | 1.18 | 1.12 |
January 28, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $6,621,000K ÷ $5,069,000K
= 1.31
Core & Main Inc's total asset turnover has shown some fluctuations over the past several quarters. The total asset turnover ratio measures how efficiently the company generates revenue from its total assets. Generally, a higher total asset turnover indicates that the company is utilizing its assets more efficiently to generate sales.
Looking at the data provided, we can observe that the total asset turnover ratio has ranged from a low of 1.12 to a high of 1.34 over the past few quarters. The ratio peaked at 1.34 in January 2023 and has fluctuated around this level since then.
A total asset turnover ratio of above 1.0 indicates that the company is generating more in sales than the value of its total assets, which is generally a positive sign. Core & Main Inc's consistent total asset turnover ratios above 1.0 suggest that the company is effectively utilizing its assets to generate revenue.
In conclusion, based on the total asset turnover data provided, Core & Main Inc appears to be efficiently utilizing its total assets to generate sales, with the ratio consistently above 1.0 in recent quarters. However, it is important to continue monitoring this ratio along with other financial metrics to assess the company's overall financial performance and efficiency in asset utilization.