J & J Snack Foods Corp (JJSF)
Total asset turnover
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,574,760 | 1,558,810 | 1,380,640 | 1,144,480 | 1,022,040 |
| Total assets | US$ in thousands | 1,365,100 | 1,277,240 | 1,216,970 | 1,122,220 | 1,056,550 |
| Total asset turnover | 1.15 | 1.22 | 1.13 | 1.02 | 0.97 |
September 30, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,574,760K ÷ $1,365,100K
= 1.15
The total asset turnover ratio for J & J Snack Foods Corp has been fluctuating over the past five years.
In 2024, the total asset turnover ratio was 1.15, indicating that the company generated $1.15 in sales for every $1 of total assets. This represented a slight decrease from the previous year's ratio of 1.22.
Overall, the trend over the past five years shows that the company has been able to effectively utilize its assets to generate revenue, with ratios consistently above 1. This suggests that J & J Snack Foods Corp has been efficient in managing its assets to generate sales.
However, the slight decrease in the total asset turnover ratio in 2024 compared to the previous year may warrant further investigation to understand the underlying reasons behind this trend and assess the company's operational efficiency and asset utilization strategies.