National Beverage Corp (FIZZ)
Fixed asset turnover
| Apr 30, 2024 | Apr 27, 2024 | Apr 30, 2023 | Apr 29, 2023 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,191,690 | 1,191,690 | 1,172,930 | 1,172,930 | 1,138,010 |
| Property, plant and equipment | US$ in thousands | — | 159,730 | 148,423 | 148,423 | 173,509 |
| Fixed asset turnover | — | 7.46 | 7.90 | 7.90 | 6.56 |
April 30, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,191,690K ÷ $—K
= —
Fixed asset turnover measures how efficiently a company utilizes its fixed assets to generate revenue. National Beverage Corp's fixed asset turnover has shown positive improvement over the analyzed period. In April 2022, the fixed asset turnover was 6.56, indicating that for every dollar invested in fixed assets, the company generated $6.56 in revenue.
By April 29, 2023, the fixed asset turnover increased to 7.90, implying that the company was able to generate $7.90 in revenue for each dollar invested in fixed assets. The stability continued into April 30, 2023, with the fixed asset turnover remaining at 7.90.
However, there was a slight decrease in efficiency by April 27, 2024, with the fixed asset turnover falling to 7.46. This decrease suggests that the company may not be optimizing its fixed assets as effectively to generate revenue compared to the previous year.
Unfortunately, the fixed asset turnover data for April 30, 2024, is unavailable (represented by "—"), so we cannot assess the trend for that period. In conclusion, the company has shown overall positive performance in utilizing its fixed assets efficiently to generate revenue, but close monitoring of future data is advised to ensure sustained efficiency.
Peer comparison
Apr 30, 2024