Constellation Brands Inc Class A (STZ)

Fixed asset turnover

		Nov 30, 2024	Aug 31, 2024	May 31, 2024	Feb 29, 2024	Nov 30, 2023	Aug 31, 2023	May 31, 2023	Feb 28, 2023	Nov 30, 2022	Aug 31, 2022	May 31, 2022	Feb 28, 2022	Nov 30, 2021	Aug 31, 2021	May 31, 2021	Feb 28, 2021	Nov 30, 2020	Aug 31, 2020	May 31, 2020	Feb 29, 2020
Revenue (ttm)	US$ in thousands	10,183,500	10,190,600	10,108,500	9,961,700	9,820,400	9,786,000	9,604,300	9,452,600	9,557,300	9,441,400	9,157,400	8,820,700	8,671,200	8,788,700	8,678,000	8,614,900	8,564,800	8,126,100	8,209,700	8,343,500
Property, plant and equipment	US$ in thousands	—	—	—	—	7,713,500	7,580,300	7,190,100	6,865,200	6,523,800	6,234,000	6,163,300	6,059,600	5,519,300	5,505,400	5,392,200	5,821,600	5,966,200	5,601,500	5,474,600	5,885,100
Fixed asset turnover		—	—	—	—	1.27	1.29	1.34	1.38	1.46	1.51	1.49	1.46	1.57	1.60	1.61	1.48	1.44	1.45	1.50	1.42

November 30, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $10,183,500K ÷ $—K
= —

Constellation Brands Inc Class A's fixed asset turnover ratio has exhibited some fluctuations over the analyzed period. Starting at 1.42 in February 2020, it increased to 1.61 by May 2021 before gradually declining to 1.27 by November 2023. This ratio indicates how efficiently the company is utilizing its fixed assets to generate sales. A higher ratio is generally preferred as it suggests that the company is generating more revenue per dollar invested in fixed assets. However, a declining trend may raise concerns about potential underutilization or impairment of fixed assets. It is noteworthy that the absence of data for the period after February 2024 limits the ability to provide a more recent assessment of Constellation Brands' fixed asset turnover performance.