Constellation Brands Inc Class A (STZ)

Total 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
Total assets	US$ in thousands	22,806,200	23,079,100	26,060,100	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
Total asset turnover		0.45	0.44	0.39	0.39	0.39	0.39	0.39	0.38	0.39	0.39	0.35	0.34	0.34	0.35	0.33	0.32	0.31	0.31	0.31	0.31

November 30, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $10,183,500K ÷ $22,806,200K
= 0.45

Constellation Brands Inc Class A's total asset turnover has shown a consistent improvement over the past few years. The ratio, which measures how efficiently the company is utilizing its assets to generate sales, increased from 0.31 in February 2020 to 0.45 in November 2024. This indicates that the company has been able to generate more revenue for every dollar of assets it holds.

The gradual increase in total asset turnover suggests that Constellation Brands Inc Class A has been effectively managing its assets to drive sales growth. A higher total asset turnover ratio is generally seen as favorable, as it shows that the company is effectively using its assets to generate revenue.

Overall, the steady improvement in total asset turnover is a positive sign for Constellation Brands Inc Class A, indicating improved asset efficiency and potential for sustained revenue growth in the future.