National Beverage Corp (FIZZ)
Fixed asset turnover
| Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Apr 27, 2024 | Jan 31, 2024 | Jan 27, 2024 | Oct 31, 2023 | Oct 28, 2023 | Jul 31, 2023 | Jul 29, 2023 | Apr 30, 2023 | Apr 29, 2023 | Jan 31, 2023 | Jan 28, 2023 | Oct 31, 2022 | Oct 29, 2022 | Jul 31, 2022 | Jul 30, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,201,354 | 1,185,040 | 1,215,305 | 1,194,168 | 1,134,760 | 1,137,519 | 1,140,278 | 1,194,453 | 1,248,628 | 1,235,253 | 1,221,878 | 1,166,121 | 1,110,364 | 1,123,298 | 1,136,232 | 1,185,866 | 1,235,500 | 1,220,087 | 1,179,377 | 1,120,183 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 159,730 | — | 153,805 | — | 151,886 | 189,066 | 149,300 | 148,423 | 148,423 | 142,968 | 142,968 | 143,162 | 143,162 | 180,913 | 142,358 |
| Fixed asset turnover | — | — | — | — | — | 7.12 | — | 7.77 | — | 8.13 | 6.46 | 7.81 | 7.48 | 7.57 | 7.95 | 8.29 | 8.63 | 8.52 | 6.52 | 7.87 |
April 30, 2025 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,201,354K ÷ $—K
= —
The fixed asset turnover ratio for National Beverage Corp demonstrates notable fluctuations over the analyzed period. As of July 30, 2022, the ratio stood at 7.87, indicating the company's effective utilization of fixed assets to generate sales. This ratio decreased slightly by July 31, 2022, to 6.52, suggesting a decline in asset productivity or perhaps increased asset base without a proportionate increase in sales.
The ratio then increased significantly to 8.52 by October 29, 2022, and further to 8.63 on October 31, 2022, reflecting an improvement in asset efficiency or sales growth relative to fixed assets. In early 2023, the ratio remained relatively stable but still showed minor fluctuations: it was 8.29 on January 28, 2023, and 7.95 on January 31, 2023, before declining further to 7.57 and 7.48 by April 2023, indicating a slight decrease in asset utilization.
Over the summer of 2023, the ratio increased again, reaching 7.81 on July 29, 2023, but then declined sharply to 6.46 by July 31, 2023. The ratio recovered somewhat to 8.13 on October 28, 2023, though data for October 31, 2023, is unavailable.
For early 2024, the ratio was recorded at 7.77 on January 27, 2024, with missing data subsequently. The trend indicates some volatility but generally remains within a range close to 7–8, implying a relatively stable utilization of fixed assets for generating sales during this period.
Overall, the fixed asset turnover ratio exhibits cyclical movements, with periods of both increase and decline, which may reflect changes in sales performance, asset base adjustments, or strategic shifts in asset management. The ratio's fluctuations suggest that the company's efficiency in utilizing fixed assets to generate revenue has experienced variability but generally remains within a moderate to high range, indicative of effective asset management practices.
Peer comparison
Apr 30, 2025