National Beverage Corp (FIZZ)
Total asset turnover
| 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 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 1,085,224 |
| Total assets | US$ in thousands | 594,020 | 557,440 | 522,572 | 770,153 | 770,153 | 719,880 | 719,880 | 672,886 | 672,886 | 640,407 | 640,407 | 574,342 | 574,342 | 526,394 | 526,394 | 500,122 | 500,122 | 455,545 | 455,545 | 467,804 |
| Total asset turnover | 1.99 | 2.18 | 2.29 | 1.47 | 1.48 | 1.58 | 1.66 | 1.86 | 1.84 | 1.91 | 1.82 | 1.93 | 1.96 | 2.16 | 2.25 | 2.47 | 2.44 | 2.59 | 2.46 | 2.32 |
January 31, 2025 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,185,040K ÷ $594,020K
= 1.99
The total asset turnover of National Beverage Corp has shown fluctuations over the given time period. The ratio indicates how efficiently the company generates revenue from its assets. In the latest period, January 31, 2025, the total asset turnover was 1.99, suggesting that the company generated approximately $1.99 in revenue for every $1 of assets.
The ratio was highest on October 31, 2022, at 2.59, indicating a peak level of efficiency in asset utilization to generate revenue. However, there was a notable decline in efficiency in the following periods, with the ratio dropping to 1.47 by April 30, 2024.
Overall, the trend in the total asset turnover ratio shows some variability, indicating changes in how effectively National Beverage Corp is utilizing its assets to generate sales. It is important for the company to monitor and potentially improve this ratio to ensure optimal utilization of its assets and enhance overall financial performance.
Peer comparison
Jan 31, 2025