Constellation Brands Inc Class A (STZ)

Fixed asset turnover

		Feb 28, 2025	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
Revenue (ttm)	US$ in thousands	10,208,600	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
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
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

February 28, 2025 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $10,208,600K ÷ $—K
= —

The fixed asset turnover ratio measures how efficiently a company is utilizing its fixed assets to generate revenue. A higher fixed asset turnover ratio indicates better utilization of fixed assets.

Analyzing Constellation Brands Inc Class A's fixed asset turnover ratio from May 31, 2020, to November 30, 2024, shows some fluctuations over time. The ratio ranged from 1.27 to 1.61 during this period.

From May 31, 2020, to August 31, 2021, the fixed asset turnover ratio increased steadily from 1.50 to 1.60, indicating improved efficiency in generating revenue from fixed assets. However, from November 30, 2021, to February 28, 2023, the ratio experienced a decline, reaching a low of 1.27, suggesting a possible decrease in asset utilization efficiency.

The ratio slightly recovered by May 31, 2023, but continued to fluctuate around the 1.3 to 1.5 range until November 30, 2024. The absence of data beyond this date makes it challenging to determine the longer-term trend of fixed asset turnover for Constellation Brands Inc Class A.

Overall, the company's fixed asset turnover ratio has displayed fluctuations during the analyzed period, demonstrating varying levels of efficiency in utilizing its fixed assets to generate sales. Further analysis may be needed to understand the factors influencing these fluctuations and to assess the company's overall asset management strategy.