John B Sanfilippo & Son Inc (JBSS)
Total asset turnover
| Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 23, 2021 | Sep 23, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,066,783 | 1,031,433 | 998,084 | 981,190 | 999,686 | 1,023,212 | 1,003,261 | 982,140 | 955,868 | 904,862 | 894,170 | 874,538 | 858,482 | 855,939 | 859,671 | 872,519 | 880,092 | 894,990 | 884,412 | 890,508 |
| Total assets | US$ in thousands | 515,575 | 491,928 | 484,459 | 424,853 | 425,287 | 445,060 | 425,930 | 440,771 | 447,262 | 453,579 | 426,722 | 407,161 | 398,455 | 392,228 | 397,561 | 396,758 | 407,457 | 430,694 | 399,703 | 393,222 |
| Total asset turnover | 2.07 | 2.10 | 2.06 | 2.31 | 2.35 | 2.30 | 2.36 | 2.23 | 2.14 | 1.99 | 2.10 | 2.15 | 2.15 | 2.18 | 2.16 | 2.20 | 2.16 | 2.08 | 2.21 | 2.26 |
June 30, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,066,783K ÷ $515,575K
= 2.07
The total asset turnover ratio for John B Sanfilippo & Son Inc has been relatively stable over the past few quarters, ranging between 1.99 and 2.36. This ratio indicates how efficiently the company is generating sales from its total assets. A higher total asset turnover ratio suggests that the company is effectively utilizing its assets to generate revenue.
In the most recent quarter, the total asset turnover ratio was 2.07, which is slightly lower than the previous quarter's ratio of 2.10. This slight decrease may be attributed to various factors such as changes in sales volume, asset management efficiency, or pricing strategies.
Overall, the company's total asset turnover ratio remains within a healthy range, indicating that John B Sanfilippo & Son Inc is efficiently using its assets to generate sales. It is important for the company to continue monitoring and managing its asset turnover to ensure optimal efficiency and performance.
Peer comparison
Jun 30, 2024