JM Smucker Company (SJM)
Total asset turnover
| Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 8,176,400 | 8,203,900 | 8,216,100 | 8,468,800 | 8,522,300 | 8,352,500 | 8,192,500 | 8,062,500 | 8,066,900 | 7,949,900 | 7,991,000 | 7,978,100 | 8,091,800 | 8,235,300 | 8,087,600 | 7,987,200 | 7,746,000 | 7,556,100 | 7,525,500 | 7,543,400 |
| Total assets | US$ in thousands | 20,273,700 | 20,247,200 | 18,123,700 | 14,711,800 | 14,991,400 | 16,017,500 | 16,219,300 | 16,276,700 | 16,055,000 | 15,966,400 | 16,240,800 | 16,211,700 | 16,284,200 | 16,429,400 | 16,929,700 | 16,902,300 | 16,970,400 | 16,636,200 | 16,791,000 | 16,791,600 |
| Total asset turnover | 0.40 | 0.41 | 0.45 | 0.58 | 0.57 | 0.52 | 0.51 | 0.50 | 0.50 | 0.50 | 0.49 | 0.49 | 0.50 | 0.50 | 0.48 | 0.47 | 0.46 | 0.45 | 0.45 | 0.45 |
April 30, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $8,176,400K ÷ $20,273,700K
= 0.40
The total asset turnover ratio for JM Smucker Company has fluctuated over the time period provided. From the data, it is evident that the company's ability to generate sales from its total assets has varied, with some periods showing a higher turnover ratio compared to others.
The ratio ranged from a low of 0.40 in April 2024 to a high of 0.58 in July 2023. Generally, a higher total asset turnover ratio indicates that the company is more efficient in utilizing its assets to generate revenue.
Overall, the trend in the total asset turnover ratio for JM Smucker Company does not show a clear increasing or decreasing pattern, but rather some variability. It would be important to further analyze the reasons behind these fluctuations in the total asset turnover ratio to understand the company's operational efficiency and asset management practices.