Lamb Weston Holdings Inc (LW)
Total asset turnover
| May 31, 2024 | May 26, 2024 | May 31, 2023 | May 28, 2023 | May 31, 2022 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 6,467,600 | 6,461,700 | 5,350,600 | 5,371,000 | 4,098,900 |
| Total assets | US$ in thousands | 7,367,000 | 7,367,000 | 6,519,800 | 6,519,800 | 4,139,800 |
| Total asset turnover | 0.88 | 0.88 | 0.82 | 0.82 | 0.99 |
May 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $6,467,600K ÷ $7,367,000K
= 0.88
The total asset turnover of Lamb Weston Holdings Inc has seen fluctuations over the mentioned periods. The ratio indicates how efficiently the company is utilizing its total assets to generate sales. In May 2022, the total asset turnover was 0.99, showing that the company generated $0.99 in revenue for every dollar of assets. However, in the following periods, the ratio decreased to 0.82 in both May 2023 and May 28, 2023, indicating a decline in asset efficiency.
In May 26, 2024, there was a slight improvement as the total asset turnover increased to 0.88, suggesting a better utilization of assets to generate sales. The ratio remained at 0.88 in May 31, 2024, indicating a stable asset turnover efficiency.
Overall, the varying total asset turnover ratios imply that Lamb Weston Holdings Inc may have experienced challenges in effectively utilizing its assets to generate sales during certain periods. It would be beneficial for the company to further analyze the underlying factors contributing to these fluctuations and implement strategies to improve asset turnover efficiency in the future.
Peer comparison
May 31, 2024