National Beverage Corp (FIZZ)
Total 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 |
| Total assets | US$ in thousands | 770,153 | 574,342 | 467,804 | 557,237 | 648,646 |
| Total asset turnover | 1.55 | 2.04 | 2.43 | 1.92 | 1.54 |
April 27, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,191,690K ÷ $770,153K
= 1.55
The total asset turnover of National Beverage Corp has demonstrated variations over the past five years, ranging from 1.54 in May 2020 to 2.43 in April 2022. The ratio measures how efficiently the company generates revenues from its total assets, indicating the company's ability to utilize its assets to generate sales.
A higher total asset turnover ratio generally suggests that the company is effectively utilizing its assets to generate revenue. In this case, National Beverage Corp's total asset turnover was relatively high in April 2022, indicating efficient asset management. However, it decreased to 1.55 in April 2024, which may suggest a decline in asset efficiency or changes in the company's operations impacting asset turnover.
Overall, fluctuations in the total asset turnover ratio of National Beverage Corp over the years highlight the importance of monitoring asset management efficiency and its impact on the company's revenue generation.
Peer comparison
Apr 27, 2024