Stock Analysis on Net

Constellation Brands Inc. (NYSE:STZ)

$22.49

This company has been moved to the archive! The financial data has not been updated since January 5, 2023.

Total Asset Turnover
since 2005

Microsoft Excel

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Calculation

Constellation Brands Inc., total asset turnover, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2022-02-28), 10-K (reporting date: 2021-02-28), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-02-28), 10-K (reporting date: 2018-02-28), 10-K (reporting date: 2017-02-28), 10-K (reporting date: 2016-02-29), 10-K (reporting date: 2015-02-28), 10-K (reporting date: 2014-02-28), 10-K (reporting date: 2013-02-28), 10-K (reporting date: 2012-02-29), 10-K (reporting date: 2011-02-28), 10-K (reporting date: 2010-02-28), 10-K (reporting date: 2009-02-28), 10-K (reporting date: 2008-02-29), 10-K (reporting date: 2007-02-28), 10-K (reporting date: 2006-02-28), 10-K (reporting date: 2005-02-28).

1 US$ in thousands


Net Sales
Over the period analyzed, net sales exhibited significant fluctuations. Initially, there was a steady growth from February 2005 through February 2007, reaching a peak of approximately 5.22 billion US dollars. However, a sharp decline occurred in the years 2008 through 2012, hitting a low of about 2.65 billion in 2012. From 2013 onwards, net sales rebounded strongly, showing consistent increases each year and reaching around 8.82 billion US dollars by February 2022. This suggests a recovery phase followed by sustained growth in revenue generation.
Total Assets
Total assets fluctuated throughout the timeframe with a general upward trend. Starting at roughly 7.8 billion US dollars in 2005, assets peaked above 10 billion in 2008, before dropping back to around 7.16 billion in 2011. Post-2012, total assets showed continuous growth, reaching a maximum of approximately 29.23 billion US dollars in 2019. Thereafter, a decline is observed through to 2022, where total assets settled near 25.86 billion. This pattern indicates an expansion phase mid-decade followed by some asset reduction in the most recent years.
Total Asset Turnover
The total asset turnover ratio demonstrates a declining trend over the period, indicating changes in efficiency of asset utilization to generate sales. From 0.52 in 2005, the ratio peaked at 0.62 in 2006 but thereafter declined sharply, reaching values around 0.37 by 2012 and hovering near 0.34 in 2022. This decline points to increasing asset bases possibly not matched by proportionate sales growth, signifying potential challenges in asset productivity or shifts in the company's asset structure.
Overall Trends and Insights
The analysis reveals a cyclical pattern in financial performance, with early growth, mid-period downturns, and later recovery in both sales and assets. However, despite the rebound in revenue and total assets post-2012, the decreasing asset turnover ratio indicates diminished efficiency in asset usage for revenue generation. This could reflect increased investments in assets that have not yet fully translated into proportional sales growth, or structural changes within the company affecting operational efficiency. The recent decline in total assets from 2019 to 2022 may signal strategic divestitures or asset optimization efforts.

Comparison to Competitors

Constellation Brands Inc., total asset turnover, long-term trends, comparison to competitors

Microsoft Excel

Based on: 10-K (reporting date: 2022-02-28), 10-K (reporting date: 2021-02-28), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-02-28), 10-K (reporting date: 2018-02-28), 10-K (reporting date: 2017-02-28), 10-K (reporting date: 2016-02-29), 10-K (reporting date: 2015-02-28), 10-K (reporting date: 2014-02-28), 10-K (reporting date: 2013-02-28), 10-K (reporting date: 2012-02-29), 10-K (reporting date: 2011-02-28), 10-K (reporting date: 2010-02-28), 10-K (reporting date: 2009-02-28), 10-K (reporting date: 2008-02-29), 10-K (reporting date: 2007-02-28), 10-K (reporting date: 2006-02-28), 10-K (reporting date: 2005-02-28).


Comparison to Sector (Food, Beverage & Tobacco)

Constellation Brands Inc., total asset turnover, long-term trends, comparison to sector (food, beverage & tobacco)

Microsoft Excel

Based on: 10-K (reporting date: 2022-02-28), 10-K (reporting date: 2021-02-28), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-02-28), 10-K (reporting date: 2018-02-28), 10-K (reporting date: 2017-02-28), 10-K (reporting date: 2016-02-29), 10-K (reporting date: 2015-02-28), 10-K (reporting date: 2014-02-28), 10-K (reporting date: 2013-02-28), 10-K (reporting date: 2012-02-29), 10-K (reporting date: 2011-02-28), 10-K (reporting date: 2010-02-28), 10-K (reporting date: 2009-02-28), 10-K (reporting date: 2008-02-29), 10-K (reporting date: 2007-02-28), 10-K (reporting date: 2006-02-28), 10-K (reporting date: 2005-02-28).


Comparison to Industry (Consumer Staples)

Constellation Brands Inc., total asset turnover, long-term trends, comparison to industry (consumer staples)

Microsoft Excel

Based on: 10-K (reporting date: 2022-02-28), 10-K (reporting date: 2021-02-28), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-02-28), 10-K (reporting date: 2018-02-28), 10-K (reporting date: 2017-02-28), 10-K (reporting date: 2016-02-29), 10-K (reporting date: 2015-02-28), 10-K (reporting date: 2014-02-28), 10-K (reporting date: 2013-02-28), 10-K (reporting date: 2012-02-29), 10-K (reporting date: 2011-02-28), 10-K (reporting date: 2010-02-28), 10-K (reporting date: 2009-02-28), 10-K (reporting date: 2008-02-29), 10-K (reporting date: 2007-02-28), 10-K (reporting date: 2006-02-28), 10-K (reporting date: 2005-02-28).