Simply Good Foods Co (SMPL)

Total asset turnover

		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	Aug 31, 2019	May 25, 2019
Revenue (ttm)	US$ in thousands	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	523,758	492,836
Total assets	US$ in thousands	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	1,141,650	1,124,610
Total asset turnover		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	0.46	0.44

February 24, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,239,906K ÷ $2,147,570K
= 0.58

The total asset turnover for Simply Good Foods Co has been relatively stable over the past few quarters, ranging between 0.50 and 0.58. This indicates that the company generates revenue efficiently relative to its total assets. However, there has been a slight decrease in total asset turnover over the last few quarters, with the ratio declining from 0.56 to 0.58. This may suggest that the company's ability to generate sales from its total assets has marginally weakened. Additionally, the most recent total asset turnover ratio of 0.58 is still within a reasonable range, indicating that Simply Good Foods Co is effectively utilizing its assets to generate revenue.