J & J Snack Foods Corp (JJSF)
Total asset turnover
Sep 30, 2024 | 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 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue (ttm) | US$ in thousands | 1,574,195 | 1,591,295 | 1,577,096 | 1,555,214 | 1,558,807 | 1,515,372 | 1,469,840 | 1,413,499 | 1,380,643 | 1,303,210 | 1,247,323 | 1,221,979 | 1,144,477 | 1,074,048 | 964,265 | 980,132 | 1,022,046 | 1,081,059 | 1,193,204 | 1,197,472 |
Total assets | US$ in thousands | 1,365,100 | 1,380,680 | 1,335,610 | 1,292,560 | 1,277,240 | 1,304,100 | 1,224,960 | 1,227,550 | 1,216,970 | 1,291,240 | 1,123,330 | 1,111,910 | 1,122,220 | 1,101,550 | 1,064,920 | 1,051,840 | 1,056,550 | 1,057,290 | 1,077,940 | 1,096,110 |
Total asset turnover | 1.15 | 1.15 | 1.18 | 1.20 | 1.22 | 1.16 | 1.20 | 1.15 | 1.13 | 1.01 | 1.11 | 1.10 | 1.02 | 0.98 | 0.91 | 0.93 | 0.97 | 1.02 | 1.11 | 1.09 |
September 30, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,574,195K ÷ $1,365,100K
= 1.15
The total asset turnover ratio for J & J Snack Foods Corp has been fluctuating over the past eight quarters. The ratio measures the efficiency at which the company is utilizing its total assets to generate revenue.
The trend indicates that from Dec 2019 to Dec 2020, the total asset turnover ratio increased from 0.97 to 1.10, reflecting improved efficiency in asset utilization. However, in the subsequent quarters, the ratio experienced some fluctuations, with a peak at 1.22 in Sep 2023 and a low of 0.91 in Mar 2021.
Overall, in the most recent quarter (Sep 2024), the total asset turnover ratio stood at 1.15, which suggests that for every dollar of assets held by the company, it generated $1.15 in revenue. This indicates a stable performance in asset utilization compared to the previous quarters.
Further analysis and comparison with industry benchmarks and historical performance may provide insights into the company's operational efficiency and financial health.