National Beverage Corp (FIZZ)
Fixed asset turnover
| Apr 27, 2024 | Apr 29, 2023 | Apr 30, 2022 | May 1, 2021 | May 2, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,191,690 | 1,172,930 | 1,138,010 | 1,072,210 | 1,000,390 |
| Property, plant and equipment | US$ in thousands | 159,730 | 148,423 | 144,258 | 131,027 | 120,627 |
| Fixed asset turnover | 7.46 | 7.90 | 7.89 | 8.18 | 8.29 |
April 27, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,191,690K ÷ $159,730K
= 7.46
National Beverage Corp's fixed asset turnover has shown a decreasing trend over the past five years, decreasing from 8.29 in May 2, 2020 to 7.46 in Apr 27, 2024. This indicates that the company generated $7.46 in sales for every dollar invested in fixed assets in the most recent fiscal year. While the ratio has fluctuated slightly between 7.46 and 8.29 during this period, the overall trend suggests a slight decrease in efficiency in utilizing fixed assets to generate revenue. Further analysis of the company's operational and capital investment strategies may be required to understand the factors influencing this trend.
Peer comparison
Apr 27, 2024