Constellation Brands Inc Class A (STZ)

Total asset turnover

		Feb 29, 2024	Feb 28, 2023	Feb 28, 2022	Feb 28, 2021	Feb 29, 2020
Revenue	US$ in thousands	20,641,100	19,569,700	18,413,100	17,933,500	17,359,400
Total assets	US$ in thousands	25,691,700	24,662,300	25,855,800	27,104,800	27,323,200
Total asset turnover		0.80	0.79	0.71	0.66	0.64

February 29, 2024 calculation

Total asset turnover = Revenue ÷ Total assets
= $20,641,100K ÷ $25,691,700K
= 0.80

Constellation Brands Inc Class A's total asset turnover has been gradually increasing over the past five years, indicating an improving efficiency in the utilization of its assets to generate revenue. The total asset turnover ratio has shown a positive trend, from 0.64 in 2020 to 0.80 in 2024. This suggests that the company is generating more revenue for each dollar of assets it holds. The consistent improvement in the total asset turnover ratio signifies that Constellation Brands Inc Class A has been effectively managing its assets to drive sales growth over the years. A higher total asset turnover ratio generally indicates better operational efficiency and financial performance.