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.