National Beverage Corp (FIZZ)
Total asset turnover
| Apr 30, 2025 | Apr 30, 2024 | Apr 27, 2024 | Apr 30, 2023 | Apr 29, 2023 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,201,350 | 1,191,690 | 1,191,690 | 1,172,930 | 1,172,930 |
| Total assets | US$ in thousands | 672,860 | 770,153 | 770,153 | 574,342 | 574,342 |
| Total asset turnover | 1.79 | 1.55 | 1.55 | 2.04 | 2.04 |
April 30, 2025 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,201,350K ÷ $672,860K
= 1.79
The total asset turnover ratio for National Beverage Corp demonstrates notable fluctuations over the reported periods. As of April 29 and April 30, 2023, the ratio stood at 2.04, indicating that the company generated approximately $2.04 in sales for every dollar of total assets during that timeframe. This consistency was maintained into April 27 and April 30, 2024, with the ratio remaining at 2.04, reflecting stability in asset utilization efficiency during that period.
However, there is a significant decline observed in the subsequent year, with the ratio decreasing to 1.55 as of April 30, 2024. This decline suggests a reduction in the efficiency of asset utilization, implying that the company was generating fewer sales per dollar of assets compared to the previous years. Such a decrease may point toward increased asset base without proportional sales growth or a decline in sales efficiency.
By April 30, 2025, the total asset turnover ratio shows a rebound to 1.79. Though higher than the 2024 levels, it remains below the 2023 figures, indicating some recovery in asset efficiency. The increase suggests that the company improved its ability to generate sales from its assets, but it has not yet returned to the earlier, higher efficiency levels observed in 2023.
In summary, the total asset turnover ratio for National Beverage Corp experienced stability in 2023, followed by a decline in 2024, and a partial recovery in 2025. This pattern reflects fluctuations in asset utilization efficiency, potentially influenced by operational, strategic, or market factors during these periods.
Peer comparison
Apr 30, 2025