National Beverage Corp (FIZZ)
Total asset turnover
| Apr 30, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,201,354 | 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 |
| Total assets | US$ in thousands | 672,860 | 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 |
| Total asset turnover | 1.79 | 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 |
April 30, 2025 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,201,354K ÷ $672,860K
= 1.79
The total asset turnover ratio for National Beverage Corp exhibits notable fluctuations over the analyzed period, reflecting changes in asset utilization efficiency. Beginning at a high of approximately 2.59 on July 31, 2022, the ratio experienced a gradual decline, reaching a low of around 1.47 by April 30, 2024. This downward trend indicates a reduction in sales generated per dollar of assets, suggesting decreased efficiency in asset utilization during this interval.
Several periods demonstrate relative stability; for instance, the ratio hovered near 2.46–2.59 in late July and October 2022, before gradually decreasing thereafter. From January 2023 onward, the ratio declined more consistently, falling below the 2.00 mark in early 2024. The lowest observed value during the analyzed timeframe is approximately 1.47 on April 30, 2024.
Interestingly, the ratio rebounds somewhat in mid-2024, reaching approximately 2.29 by July 2024, indicating a temporary improvement in asset efficiency. However, subsequent measurements show a decline again, with ratios around 1.99 in January 2025 and 1.79 in April 2025. Despite this dip, the ratio approaches prior levels, illustrating some cyclical or seasonal variations rather than a sustained trend.
Overall, the data captures a pattern of initial high asset efficiency that diminishes over time, with intermittent recoveries. This pattern may reflect shifts in sales volume, changes in asset base, or strategic adjustments impacting how effectively assets generate revenue. The observed fluctuations underscore the importance of closely monitoring asset management strategies to sustain or enhance turnover efficiency.
Peer comparison
Apr 30, 2025