Lamb Weston Holdings Inc (LW)
Total asset turnover
| May 26, 2024 | Feb 25, 2024 | Nov 26, 2023 | Aug 27, 2023 | May 28, 2023 | Feb 26, 2023 | Nov 27, 2022 | Aug 28, 2022 | May 29, 2022 | Feb 27, 2022 | Nov 28, 2021 | Aug 29, 2021 | May 30, 2021 | Feb 28, 2021 | Nov 29, 2020 | Aug 30, 2020 | May 31, 2020 | Feb 23, 2020 | Nov 24, 2019 | Aug 25, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 6,461,800 | 6,542,600 | 6,346,900 | 5,882,100 | 5,349,800 | 4,805,400 | 4,506,800 | 4,183,600 | 4,042,200 | 3,898,300 | 3,839,100 | 3,781,900 | 3,669,200 | 3,510,300 | 3,552,500 | 3,675,400 | 3,792,700 | 3,949,200 | 3,938,000 | 3,830,400 |
| Total assets | US$ in thousands | 7,367,000 | 7,245,700 | 7,045,300 | 6,539,600 | 6,519,800 | 5,087,300 | 4,569,600 | 4,409,700 | 4,139,800 | 4,100,800 | 4,155,600 | 4,176,300 | 4,209,400 | 4,158,200 | 4,159,100 | 4,272,600 | 4,662,300 | 3,466,200 | 3,466,800 | 3,222,600 |
| Total asset turnover | 0.88 | 0.90 | 0.90 | 0.90 | 0.82 | 0.94 | 0.99 | 0.95 | 0.98 | 0.95 | 0.92 | 0.91 | 0.87 | 0.84 | 0.85 | 0.86 | 0.81 | 1.14 | 1.14 | 1.19 |
May 26, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $6,461,800K ÷ $7,367,000K
= 0.88
Total asset turnover measures how efficiently a company is using its assets to generate revenue. A higher ratio indicates that the company is generating more revenue per dollar of assets.
Lamb Weston Holdings Inc's total asset turnover has fluctuated over the past several quarters, ranging from a low of 0.81 to a high of 1.19. The company's total asset turnover was below 1 for most periods, indicating that it generated less than $1 in revenue for each dollar of assets.
There was some improvement in the ratio in the most recent periods, with the total asset turnover increasing to 0.98 and 0.95, suggesting that the company may have become more efficient in utilizing its assets to generate revenue. However, it is essential to monitor this trend over time to understand if the improvement is sustainable.
Overall, Lamb Weston Holdings Inc's total asset turnover shows variability, and investors may want to delve deeper into the company's operational efficiency to assess the factors driving these fluctuations.
Peer comparison
May 26, 2024