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Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Constellation Brands's Revenue for the three months ended in Nov. 2024 was $2,464 Mil. Constellation Brands's Total Assets for the quarter that ended in Nov. 2024 was $22,943 Mil. Therefore, Constellation Brands's Asset Turnover for the quarter that ended in Nov. 2024 was 0.11.
Asset Turnover is linked to ROE % through Du Pont Formula. Constellation Brands's annualized ROE % for the quarter that ended in Nov. 2024 was 31.41%. It is also linked to ROA % through Du Pont Formula. Constellation Brands's annualized ROA % for the quarter that ended in Nov. 2024 was 10.74%.
The historical data trend for Constellation Brands's Asset Turnover can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Constellation Brands Annual Data | |||||||||||||||||||||
Trend | Feb15 | Feb16 | Feb17 | Feb18 | Feb19 | Feb20 | Feb21 | Feb22 | Feb23 | Feb24 | |||||||||||
Asset Turnover | Get a 7-Day Free Trial |
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0.30 | 0.32 | 0.33 | 0.37 | 0.40 |
Constellation Brands Quarterly Data | ||||||||||||||||||||
Feb20 | May20 | Aug20 | Nov20 | Feb21 | May21 | Aug21 | Nov21 | Feb22 | May22 | Aug22 | Nov22 | Feb23 | May23 | Aug23 | Nov23 | Feb24 | May24 | Aug24 | Nov24 | |
Asset Turnover | Get a 7-Day Free Trial |
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0.10 | 0.08 | 0.10 | 0.12 | 0.11 |
For the Beverages - Brewers subindustry, Constellation Brands's Asset Turnover, along with its competitors' market caps and Asset Turnover data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Beverages - Alcoholic industry and Consumer Defensive sector, Constellation Brands's Asset Turnover distribution charts can be found below:
* The bar in red indicates where Constellation Brands's Asset Turnover falls into.
Asset Turnover measures how quickly a company turns over its asset through sales.
Constellation Brands's Asset Turnover for the fiscal year that ended in Feb. 2024 is calculated as
Asset Turnover | ||||||
= | Revenue | / | Average Total Assets | |||
= | Revenue (A: Feb. 2024 ) | / | ( (Total Assets (A: Feb. 2023 ) | + | Total Assets (A: Feb. 2024 )) | / count ) |
= | 9961.8 | / | ( (24662.3 | + | 25691.7) | / 2 ) |
= | 9961.8 | / | 25177 | |||
= | 0.40 |
Constellation Brands's Asset Turnover for the quarter that ended in Nov. 2024 is calculated as
Asset Turnover | ||||||
= | Revenue | / | Average Total Assets | |||
= | Revenue (Q: Nov. 2024 ) | / | ( (Total Assets (Q: Aug. 2024 ) | + | Total Assets (Q: Nov. 2024 )) | / count ) |
= | 2463.8 | / | ( (23079.1 | + | 22806.2) | / 2 ) |
= | 2463.8 | / | 22942.65 | |||
= | 0.11 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Companies with low profit margins tend to have high Asset Turnover, while those with high profit margins have low Asset Turnover. Companies in the retail industry tend to have a very high turnover ratio.
Constellation Brands (NYSE:STZ) Asset Turnover Explanation
Asset Turnover is linked to ROE % through Du Pont Formula.
Constellation Brands's annulized ROE % for the quarter that ended in Nov. 2024 is
ROE %** | (Q: Nov. 2024 ) | ||||
= | Net Income | / | Total Stockholders Equity | ||
= | 2463.6 | / | 7844.3 | ||
= | (Net Income / Revenue) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (2463.6 / 9855.2) | * | (9855.2 / 22942.65) | * | (22942.65/ 7844.3) |
= | Net Margin % | * | Asset Turnover | * | Equity Multiplier |
= | 25 % | * | 0.4296 | * | 2.9248 |
= | ROA % | * | Equity Multiplier | ||
= | 10.74 % | * | 2.9248 | ||
= | 31.41 % |
Note: The Net Income data used here is four times the quarterly (Nov. 2024) net income data. The Revenue data used here is four times the quarterly (Nov. 2024) revenue data.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
** The ROE % used above is for Du Pont Analysis only. It is different from the defined ROE % page on our website, as here it uses Net Income instead of Net Income attributable to Common Stockholders in the calculation.
It is also linked to ROA % through Du Pont Formula:
Constellation Brands's annulized ROA % for the quarter that ended in Nov. 2024 is
ROA % | (Q: Nov. 2024 ) | ||
= | Net Income | / | Total Assets |
= | 2463.6 | / | 22942.65 |
= | (Net Income / Revenue) | * | (Revenue / Total Assets) |
= | (2463.6 / 9855.2) | * | (9855.2 / 22942.65) |
= | Net Margin % | * | Asset Turnover |
= | 25 % | * | 0.4296 |
= | 10.74 % |
Note: The Net Income data used here is four times the quarterly (Nov. 2024) net income data. The Revenue data used here is four times the quarterly (Nov. 2024) revenue data.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Be Aware
In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.
Therefore, it is a good sign if a company's Asset Turnover is consistent or even increases. If a company's asset grows faster than sales, its Asset Turnover will decline, which can be a warning sign.
Thank you for viewing the detailed overview of Constellation Brands's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
William T Giles | director | 123 S. FRONT STREET, DEPT. 8074, MEMPHIS TN 38103 |
Wildstar Partners Llc | 10 percent owner | 110 E ATLANTIC AVE, STE. 200, DELRAY BEACH FL 33444 |
Ser Business Holdings Lp | other: Member of 10% owner group | C/O WILDSTAR PARTNERS LLC, 110 E ATLANTIC AVE, STE. 200, DELRAY BEACH FL 33444 |
Robert Sands | director, 10 percent owner, officer: President & COO | C/O CONSTELLATION BRANDS, INC., 207 HIGH POINT DRIVE, BUILDING 100, VICTOR NY 14564 |
Richard Sands | director, 10 percent owner, officer: Chairman of Board & CEO | C/O CONSTELLATION BRANDS, INC., 207 HIGH POINT DRIVE, BUILDING 100, VICTOR NY 14564 |
Sabia James A. Jr. | officer: EVP & Chief Marketing Officer | C/O CONSTELLATION BRANDS, INC., 207 HIGH POINT DRIVE, BLDG. 100, VICTOR NY 14564 |
William A Newlands | director, officer: President & CEO | C/O CONSTELLATION BRANDS, INC., 207 HIGH POINT DR., BUILDING 100, VICTOR NY 14564 |
Zachary M Stern | 10 percent owner | C/O WILDSTAR PARTNERS LLC, 110 E ATLANTIC AVE, STE. 200, DELRAY BEACH FL 33444 |
Kaneenat Kristann Carey | officer: EVP & Chief HR Officer | 207 HIGH POINT DRIVE, BUILDING 100, VICTOR NY 14564 |
Zmss Business Holdings Lp | other: Member of 10% owner group | C/O WILDSTAR PARTNERS LLC, 110 E ATLANTIC AVENUE, SUITE 200, DELRAY BEACH FL 33444 |
Robert Sands Master Trust | 10 percent owner | 207 HIGH POINT DRIVE, BUILDING 100, VICTOR NY 14564 |
Garth Hankinson | officer: EVP & CFO | C/O CONSTELLATION BRANDS, INC., 207 HIGH POINT DRIVE, BLDG. 100, VICTOR NY 14564 |
Daniel J Mccarthy | director | FRONTIER COMMUNICATIONS, 401 MERRITT 7, NORWALK CT 06851 |
Michael Mcgrew | officer: EVP, Chief Comm & CSR Officer | 207 HIGH POINT DRIVE, BUILDING 100, VICTOR NY 14564 |
Family Foundation Sands | other: Member of 10% owner group | C/O WILDSTAR PARTNERS LLC, 110 E ATLANTIC AVE, STE. 200, DELRAY BEACH FL 33444 |
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