Constellation Brands Inc Class A (STZ)

Total asset turnover

		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	Nov 30, 2019	Aug 31, 2019	May 31, 2019
Revenue (ttm)	US$ in thousands	18,355,600	18,214,200	18,152,200	17,720,700	17,472,300	17,577,000	17,349,600	16,786,900	16,080,300	15,930,800	16,205,800	16,024,100	15,822,800	15,772,700	14,758,900	14,798,600	15,004,300	14,898,600	14,862,300	14,784,200
Total assets	US$ in thousands	25,691,700	25,057,400	24,930,000	24,759,200	24,662,300	24,463,000	24,280,900	25,841,100	25,855,800	25,527,300	25,340,300	26,192,400	27,104,800	27,630,600	26,462,500	26,149,800	27,323,200	27,093,700	27,555,100	28,951,100
Total asset turnover		0.71	0.73	0.73	0.72	0.71	0.72	0.71	0.65	0.62	0.62	0.64	0.61	0.58	0.57	0.56	0.57	0.55	0.55	0.54	0.51

February 29, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $18,355,600K ÷ $25,691,700K
= 0.71

Constellation Brands Inc Class A has shown consistent total asset turnover ratios over the past few quarters, ranging from 0.51 to 0.73. This ratio indicates that, on average, the company generates approximately $0.62 in revenue for every dollar of assets it holds. The relatively stable nature of this ratio suggests that Constellation Brands is effectively utilizing its assets to generate sales. However, there may be room for improvement in efficiency, as the ratio has fluctuated slightly over time. Further analysis would be necessary to understand the specific factors driving these changes and to identify opportunities for optimizing asset utilization.