John B Sanfilippo & Son Inc (JBSS)
Total asset turnover
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,107,250 | 1,066,780 | 999,686 | 955,868 | 858,482 |
| Total assets | US$ in thousands | 597,603 | 515,575 | 425,287 | 447,262 | 398,455 |
| Total asset turnover | 1.85 | 2.07 | 2.35 | 2.14 | 2.15 |
June 30, 2025 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,107,250K ÷ $597,603K
= 1.85
The total asset turnover ratio of John B Sanfilippo & Son Inc. exhibits a pattern of fluctuation over the analyzed period from June 30, 2021, through June 30, 2025. Specifically, the ratio was 2.15 in 2021, indicating that for every dollar of assets, the company generated approximately $2.15 in sales. In 2022, the ratio remained relatively stable at 2.14, reflecting a consistent level of asset utilization relative to sales.
However, a notable increase occurred in 2023, when the ratio rose to 2.35. This suggests that in that fiscal year, the company was able to generate higher sales relative to its assets, implying improved efficiency in asset utilization or possibly higher sales without a proportional increase in assets.
Subsequently, the ratio declined to 2.07 in 2024, indicating a decrease in asset efficiency compared to the previous year. This reduction suggests either a slowdown in sales or an increase in assets not immediately translating into proportionate sales growth.
The downward trend continued into 2025, with the ratio decreasing further to 1.85. This lower ratio indicates less efficient utilization of assets to generate sales relative to earlier years, which could be attributable to changes in sales volume, asset base expansions, or operational factors affecting sales productivity.
Overall, the trend indicates that while the company experienced a peak in asset efficiency in 2023, subsequent years have shown a decline in total asset turnover, moving toward lower levels of asset utilization efficiency. This pattern warrants further analysis of underlying factors such as sales growth dynamics, asset investment strategies, and operational efficiencies to fully understand the implications of these ratios.
Peer comparison
Jun 30, 2025