Lamb Weston Holdings Inc (LW)
Total asset turnover
| May 31, 2025 | Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | May 26, 2024 | Feb 29, 2024 | Feb 25, 2024 | Nov 30, 2023 | Nov 26, 2023 | Aug 31, 2023 | Aug 27, 2023 | May 31, 2023 | May 28, 2023 | Feb 28, 2023 | Feb 26, 2023 | Nov 30, 2022 | Nov 27, 2022 | Aug 31, 2022 | Aug 28, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 6,451,300 | 6,387,400 | 6,480,200 | 6,337,600 | 6,132,800 | 6,253,000 | 6,381,000 | 6,588,000 | 6,796,600 | 6,759,400 | 6,712,200 | 6,300,500 | 5,896,200 | 5,477,800 | 5,060,200 | 4,932,200 | 4,804,200 | 4,680,800 | 4,554,000 | 4,383,400 |
| Total assets | US$ in thousands | 7,392,600 | 7,422,800 | 7,452,100 | 7,512,500 | 7,367,000 | 7,367,000 | 7,245,700 | 7,245,700 | 7,045,300 | 7,045,300 | 6,539,600 | 6,539,600 | 6,519,800 | 6,519,800 | 5,087,300 | 5,087,300 | 4,569,600 | 4,569,600 | 4,409,700 | 4,409,700 |
| Total asset turnover | 0.87 | 0.86 | 0.87 | 0.84 | 0.83 | 0.85 | 0.88 | 0.91 | 0.96 | 0.96 | 1.03 | 0.96 | 0.90 | 0.84 | 0.99 | 0.97 | 1.05 | 1.02 | 1.03 | 0.99 |
May 31, 2025 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $6,451,300K ÷ $7,392,600K
= 0.87
The total asset turnover ratio for Lamb Weston Holdings Inc. exhibits variability over the analyzed period, reflecting the company's efficiency in generating sales from its assets.
During the fiscal year ending August 2022, the ratio on August 28, 2022, was approximately 0.99, indicating that nearly one dollar of sales was generated for each dollar of assets. This ratio slightly increased to 1.03 by August 31, 2022, and maintained a similar level at 1.02 and 1.05 at the end of November 2022, suggesting a relatively stable and efficient asset utilization during this period.
However, a decline is observed in early 2023, with the ratio dropping to 0.97 on February 26, 2023, and returning to near 1.00 at the end of February 2023. This slight decrease indicates a modest reduction in asset efficiency, yet it remains close to the prior levels.
From May 2023 onward, a downward trend becomes apparent, with the ratio decreasing to 0.84 on May 28, 2023, and slightly recovering to 0.90 at the end of that month. Moving into the latter half of 2023 and into 2024, the ratio fluctuates within a relatively narrow range, generally within 0.83 to 1.03. For instance, in August 2023, the ratio reached 1.03, but subsequent measurements in late 2023 and early 2024 show a slight decrease, settling around 0.88 to 0.91.
In the most recent measurements, the ratio has stabilized around 0.83 to 0.87 from late 2024 through early 2025. This consistency within a lower range compared to previous periods indicates a period of steadiness, albeit with ongoing modest efficiency levels.
Overall, the total asset turnover ratio has experienced some fluctuations over the analyzed timeline, with an observable decline from the higher levels seen in late 2022 to a more stable and slightly lower range in 2023 and early 2024. This pattern may suggest changes in asset utilization efficiency, potentially influenced by operational adjustments, strategic shifts, or external market conditions affecting sales relative to asset base.
Peer comparison
May 31, 2025