National Beverage Corp (FIZZ)
Total asset turnover
| Apr 27, 2024 | Jan 27, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Jan 25, 2020 | Oct 26, 2019 | Jul 27, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,191,694 | 1,181,078 | 1,179,496 | 1,179,055 | 1,172,932 | 1,170,453 | 1,160,893 | 1,144,418 | 1,138,013 | 1,114,896 | 1,101,904 | 1,090,555 | 1,072,210 | 1,073,508 | 1,050,391 | 1,030,193 | 1,000,394 | 977,907 | 975,985 | 985,083 |
| Total assets | US$ in thousands | 770,153 | 719,880 | 672,886 | 640,407 | 574,342 | 526,394 | 500,122 | 455,545 | 467,804 | 428,273 | 635,428 | 612,686 | 557,237 | 497,476 | 751,043 | 711,661 | 648,646 | 589,310 | 566,815 | 550,212 |
| Total asset turnover | 1.55 | 1.64 | 1.75 | 1.84 | 2.04 | 2.22 | 2.32 | 2.51 | 2.43 | 2.60 | 1.73 | 1.78 | 1.92 | 2.16 | 1.40 | 1.45 | 1.54 | 1.66 | 1.72 | 1.79 |
April 27, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,191,694K ÷ $770,153K
= 1.55
The total asset turnover ratio of National Beverage Corp has fluctuated over the past several periods, indicating changes in the efficiency of the company's asset utilization. The ratio measures how effectively the company generates revenue from its total assets.
From Jul 27, 2019, to Jan 27, 2024, the total asset turnover ratio ranged from 1.40 to 2.60. A higher total asset turnover implies that the company is efficient in generating sales from its assets. For instance, in Jul 29, 2023, the total asset turnover was 1.84, indicating that for every dollar of total assets, the company generated $1.84 of sales revenue during that period.
There have been fluctuations in the total asset turnover ratio over this period, which could be attributed to changes in the company's sales levels, asset base, or a combination of both. For example, the ratio increased from 1.40 in Aug 1, 2020, to 2.60 in Jan 29, 2022, showcasing a significant improvement in asset utilization efficiency during that time frame.
Overall, a thorough analysis of the factors impacting total asset turnover, along with industry benchmarks and trends, would provide deeper insights into National Beverage Corp's operational efficiency and financial performance.
Peer comparison
Apr 27, 2024