National Beverage Corp (FIZZ)
Fixed asset turnover
| Apr 27, 2024 | Jan 27, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Jan 25, 2020 | Oct 26, 2019 | Jul 27, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,191,694 | 1,181,078 | 1,179,496 | 1,179,055 | 1,172,932 | 1,170,453 | 1,160,893 | 1,144,418 | 1,138,013 | 1,114,896 | 1,101,904 | 1,090,555 | 1,072,210 | 1,073,508 | 1,050,391 | 1,030,193 | 1,000,394 | 977,907 | 975,985 | 985,083 |
| Property, plant and equipment | US$ in thousands | 159,730 | 153,805 | 151,886 | 149,300 | 148,423 | 142,968 | 143,162 | 142,358 | 144,258 | 135,470 | 129,852 | 131,917 | 131,027 | 126,372 | 123,478 | 120,550 | 120,627 | 115,771 | 113,353 | 111,638 |
| Fixed asset turnover | 7.46 | 7.68 | 7.77 | 7.90 | 7.90 | 8.19 | 8.11 | 8.04 | 7.89 | 8.23 | 8.49 | 8.27 | 8.18 | 8.49 | 8.51 | 8.55 | 8.29 | 8.45 | 8.61 | 8.82 |
April 27, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,191,694K ÷ $159,730K
= 7.46
National Beverage Corp's fixed asset turnover has remained relatively stable over the past few years, with values ranging from 7.46 to 8.82. This indicates the company generates, on average, between 7.46 and 8.82 in net sales for every dollar invested in fixed assets. The trend shows a slight increase over time, suggesting that the company has been effectively utilizing its fixed assets to generate sales. A high fixed asset turnover ratio typically indicates efficient asset utilization and operational performance, which can be seen in National Beverage Corp's consistently high ratios. Overall, the company's ability to generate revenue from its fixed assets remains strong and has shown improvement over the years.
Peer comparison
Apr 27, 2024