National Beverage Corp (FIZZ)
Total 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 |
| Total assets | US$ in thousands | 770,153 | 770,153 | 574,342 | 574,342 | 467,804 |
| Total asset turnover | 1.55 | 1.55 | 2.04 | 2.04 | 2.43 |
April 30, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,191,690K ÷ $770,153K
= 1.55
Total asset turnover is a key ratio that measures the efficiency of a company in generating revenue from its assets. For National Beverage Corp, the total asset turnover has shown a decreasing trend over the years. In April 2022, the total asset turnover was 2.43, indicating that the company generated $2.43 in revenue for every dollar of assets. However, by April 30, 2024, the total asset turnover had decreased to 1.55, suggesting a decline in the company's ability to generate revenue from its assets efficiently.
This decreasing trend in total asset turnover could be a cause for concern as it may indicate that National Beverage Corp is becoming less efficient in utilizing its assets to generate sales. Further analysis of the company's operational performance and asset management practices may be needed to address this decline in total asset turnover and improve overall efficiency.
Peer comparison
Apr 30, 2024