Calavo Growers Inc (CVGW)
Total 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 |
| Total assets | US$ in thousands | 394,683 | 386,854 | 414,940 | 407,158 | 396,496 | 385,746 | 430,525 | 468,292 | 468,632 | 445,402 | 459,318 | 474,310 | 446,452 | 429,624 | 437,265 | 475,502 | 471,398 | 390,360 | 413,047 | 409,204 |
| Total asset turnover | 2.20 | 2.50 | 2.35 | 2.60 | 2.88 | 3.08 | 2.83 | 2.48 | 2.37 | 2.37 | 2.22 | 2.04 | 2.17 | 2.38 | 2.47 | 2.53 | 2.57 | 3.07 | 2.87 | 2.74 |
January 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $868,955K ÷ $394,683K
= 2.20
The total asset turnover ratio of Calavo Growers Inc has exhibited fluctuations over the past several periods. The ratio measures the efficiency with which the company generates revenue from its assets.
The trend in the total asset turnover ratio indicates that Calavo Growers Inc has been effectively utilizing its assets to generate revenue. The ratio peaked at 3.08 in the fourth quarter of 2022, indicating that for every dollar of assets, the company generated $3.08 in revenue. This suggests efficient asset management and strong revenue generation capabilities during that period.
However, the ratio has since experienced some fluctuations, with values ranging between 2.04 and 2.88. Despite the fluctuations, the company has generally maintained a total asset turnover ratio above 2. This indicates that Calavo Growers Inc has consistently been efficient in utilizing its assets to generate revenue throughout the periods under review.
Overall, the trend in Calavo Growers Inc's total asset turnover ratio suggests that the company has been effectively managing its assets to generate revenue, with periodic variations in efficiency but generally exhibiting a strong performance in asset utilization.