Core & Main Inc (CNM)
Total 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 |
| Total assets | US$ in thousands | 5,870,000 | 6,215,000 | 6,098,000 | 6,041,000 | 5,069,000 | 5,069,000 | 5,067,000 | 5,067,000 | 5,039,000 | 5,039,000 | 4,929,000 | 4,909,000 | 4,909,000 | 5,190,000 | 5,190,000 | 5,148,000 | 4,894,000 | 4,894,000 | 4,434,000 | 4,434,000 |
| Total asset turnover | 1.27 | 1.16 | 1.08 | 1.06 | 1.28 | 1.36 | 1.45 | 1.40 | 1.32 | 1.22 | 1.24 | 1.29 | 1.39 | 1.36 | 1.32 | 1.22 | 1.16 | 1.12 | 1.16 | 1.17 |
January 31, 2025 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $7,441,000K ÷ $5,870,000K
= 1.27
Core & Main Inc's total asset turnover ratio has shown fluctuations over the reported periods. From January 30, 2022 to January 31, 2025, the total asset turnover ratio ranged from a low of 1.06 to a high of 1.45. The ratio indicates that for every dollar of assets the company holds, it generated between $1.06 and $1.45 of sales revenue.
The trend in the total asset turnover ratio shows some variability but generally an increasing pattern from early periods of 2022 to late periods of 2023, with a peak of 1.45 on October 31, 2023. However, the ratio decreased slightly by January 31, 2025 to 1.27.
A total asset turnover ratio above 1 indicates that Core & Main Inc effectively utilized its assets to generate revenue. The increasing trend in the ratio until late 2023 suggests improved efficiency in asset utilization. However, the slight decline in the ratio by January 31, 2025, may warrant further analysis to understand if there are efficiency challenges that need to be addressed to maintain or improve the ratio in the future.