John B Sanfilippo & Son Inc (JBSS)
Total asset turnover
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,066,780 | 999,686 | 955,868 | 858,482 | 880,092 |
| Total assets | US$ in thousands | 515,575 | 425,287 | 447,262 | 398,455 | 407,457 |
| Total asset turnover | 2.07 | 2.35 | 2.14 | 2.15 | 2.16 |
June 30, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,066,780K ÷ $515,575K
= 2.07
Total asset turnover is a ratio that indicates how efficiently a company is using its assets to generate revenue. In the case of John B Sanfilippo & Son Inc, the total asset turnover has shown some fluctuation over the past five years.
In 2024, the total asset turnover was 2.07, which means that for every dollar of assets the company had, it generated $2.07 in revenue. This ratio was lower compared to the previous year, indicating a decrease in asset efficiency.
The trend over the last five years shows some variability, with the highest total asset turnover of 2.35 in 2023 and the lowest of 2.07 in 2024. Despite fluctuations, the company has generally maintained a total asset turnover above 2, which suggests that it has been effectively utilizing its assets to generate revenue.
Overall, while there have been some fluctuations in the total asset turnover of John B Sanfilippo & Son Inc, the company has demonstrated a relatively efficient use of its assets in generating revenue over the past five years.
Peer comparison
Jun 30, 2024