Calavo Growers Inc (CVGW)
Fixed asset turnover
| Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 868,955 | 967,561 | 976,896 | 1,056,974 | 1,142,970 | 1,189,047 | 1,219,347 | 1,163,641 | 1,108,513 | 1,056,752 | 1,018,153 | 967,811 | 969,733 | 1,022,484 | 1,080,072 | 1,204,139 | 1,213,831 | 1,197,400 | 1,185,276 | 1,122,381 |
| Property, plant and equipment | US$ in thousands | 59,206 | 105,952 | 114,224 | 115,086 | 115,728 | 107,589 | 114,481 | 114,778 | 116,034 | 111,373 | 129,080 | 130,787 | 131,888 | 123,440 | 130,923 | 131,414 | 131,209 | 132,098 | 131,245 | 125,696 |
| Fixed asset turnover | 14.68 | 9.13 | 8.55 | 9.18 | 9.88 | 11.05 | 10.65 | 10.14 | 9.55 | 9.49 | 7.89 | 7.40 | 7.35 | 8.28 | 8.25 | 9.16 | 9.25 | 9.06 | 9.03 | 8.93 |
January 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $868,955K ÷ $59,206K
= 14.68
Calavo Growers Inc's fixed asset turnover ratio has shown fluctuations over the past few quarters. The ratio measures how efficiently the company is generating sales from its investment in fixed assets.
The ratio has generally been on an upward trend over the past few quarters, indicating that the company is becoming more efficient in utilizing its fixed assets to generate revenue. However, there are periods of slight decrease in the ratio, suggesting possible variations in the company's asset utilization efficiency.
The highest fixed asset turnover ratio of 14.68 was recorded in January 2024, showing a significant improvement in asset utilization. This could indicate that Calavo Growers Inc has been able to generate sales more efficiently from its fixed assets during that period.
Overall, the trend in the fixed asset turnover ratio for Calavo Growers Inc suggests that the company is effectively managing its fixed assets to generate revenue, with some fluctuations observed in different reporting periods.