JM Smucker Company (SJM)
Total asset turnover
| Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 8,726,100 | 8,788,000 | 8,831,200 | 8,498,600 | 8,178,700 | 8,207,800 | 8,194,900 | 8,461,400 | 8,529,200 | 8,328,200 | 8,169,000 | 8,013,900 | 7,998,900 | 7,885,300 | 7,904,900 | 7,888,900 | 8,002,700 | 8,174,500 | 8,070,100 | 7,993,900 |
| Total assets | US$ in thousands | 17,563,300 | 18,425,600 | 20,020,100 | 20,348,200 | 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 |
| Total asset turnover | 0.50 | 0.48 | 0.44 | 0.42 | 0.40 | 0.41 | 0.45 | 0.58 | 0.57 | 0.52 | 0.50 | 0.49 | 0.50 | 0.49 | 0.49 | 0.49 | 0.49 | 0.50 | 0.48 | 0.47 |
April 30, 2025 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $8,726,100K ÷ $17,563,300K
= 0.50
The analysis of JM Smucker Company's total asset turnover ratio over the specified periods indicates a general pattern of stability with slight fluctuations. From July 31, 2020, to October 31, 2022, the ratio remained relatively steady, fluctuating narrowly around 0.47 to 0.50. This stability suggests consistent efficiency in utilizing assets to generate sales during this period.
Beginning in early 2023, the ratio demonstrated a notable upward trend, reaching a peak of approximately 0.58 on July 31, 2023. This increase could imply improved asset utilization efficiency or strategic enhancements in operations leading to higher sales relative to total assets.
However, a marked decline is observed starting in October 2023, where the ratio decreased to 0.45, followed by further reductions to approximately 0.40 in April 2024. This downward trend might reflect a period of asset expansion, investment, or operational adjustments that temporarily diminished overall asset efficiency. The ratio appears to stabilize somewhat in late 2024 and early 2025, fluctuating between 0.44 and 0.50, indicating a potential rebalancing or improvement in asset utilization.
Overall, the historical data depict a pattern of initial stability, a mid-period peak suggesting enhanced sales efficiency, and subsequent declines possibly associated with asset growth or operational restructuring. The fluctuations highlight the company's evolving capacity to efficiently leverage its total assets to generate sales over the analyzed timeframe.