JM Smucker Company (SJM)
Fixed asset turnover
| Apr 30, 2025 | Apr 30, 2024 | Apr 30, 2023 | Apr 30, 2022 | Apr 30, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 8,726,100 | 8,178,700 | 8,529,200 | 7,998,900 | 8,002,700 |
| Property, plant and equipment | US$ in thousands | — | — | 2,239,500 | 2,131,700 | 2,001,500 |
| Fixed asset turnover | — | — | 3.81 | 3.75 | 4.00 |
April 30, 2025 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $8,726,100K ÷ $—K
= —
The fixed asset turnover ratio for JM Smucker Company was 4.00 as of April 30, 2021. This ratio decreased marginally to 3.75 by April 30, 2022, indicating a slight decline in the efficiency with which the company's fixed assets generated sales during this period. Subsequently, by April 30, 2023, the ratio experienced a modest increase to 3.81, suggesting a minor improvement in asset utilization compared to the previous year. Data beyond April 2023, specifically for April 30, 2024, and April 30, 2025, are not available, precluding further analysis for those periods. Overall, the fluctuations in the fixed asset turnover ratio over the analyzed years reflect a relatively stable level of asset efficiency, with the ratio remaining within a narrow range. The observed decrease followed by a slight recovery may be attributed to changes in sales volume, asset base, or operational efficiency, but the data does not indicate any significant shifts in asset utilization efficiency during this period.