Simply Good Foods Co (SMPL)

Total asset turnover

		Aug 31, 2024	May 25, 2024	Feb 24, 2024	Nov 25, 2023	Aug 26, 2023	May 27, 2023	Feb 25, 2023	Nov 26, 2022	Aug 27, 2022	May 28, 2022	Feb 26, 2022	Nov 27, 2021	Aug 28, 2021	May 29, 2021	Feb 27, 2021	Nov 28, 2020	Aug 29, 2020	May 30, 2020	Feb 29, 2020	Nov 30, 2019
Revenue (ttm)	US$ in thousands	1,331,588	1,252,300	1,239,906	1,221,199	1,212,260	1,167,626	1,162,029	1,166,378	1,146,988	1,130,420	1,094,438	1,025,803	974,051	944,406	883,763	887,277	816,641	733,539	657,906	554,605
Total assets	US$ in thousands	2,436,140	2,185,630	2,147,570	2,115,060	2,097,080	2,080,000	2,088,680	2,093,060	2,094,250	2,114,660	2,087,900	2,043,340	2,052,220	2,039,120	2,021,520	2,015,220	2,008,440	2,040,140	2,001,350	2,016,060
Total asset turnover		0.55	0.57	0.58	0.58	0.58	0.56	0.56	0.56	0.55	0.53	0.52	0.50	0.47	0.46	0.44	0.44	0.41	0.36	0.33	0.28

August 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,331,588K ÷ $2,436,140K
= 0.55

The total asset turnover ratio for Simply Good Foods Co has shown some fluctuation over the past several periods. It ranged from a low of 0.28 to a high of 0.58. The ratio indicates how efficiently the company is generating revenue relative to its total assets. A higher ratio suggests that the company is utilizing its assets more efficiently to generate sales.

In general, the total asset turnover ratio for Simply Good Foods Co has been relatively stable around the 0.50 mark in recent periods, indicating that the company is effectively utilizing its assets to generate revenue. However, there was a noticeable improvement in the ratio during the most recent periods, suggesting an increase in efficiency in generating sales relative to its total assets.

Overall, the trend in the total asset turnover ratio for Simply Good Foods Co indicates that the company is managing its assets well and efficiently converting them into revenue, which is a positive indicator of operational efficiency. It would be important to monitor this ratio over time to ensure continued effectiveness in asset utilization.