Campbell Soup Company Common Stock (CPB)

Days of inventory on hand (DOH)

		Jul 31, 2024	Jul 28, 2024	Jul 31, 2023	Jul 30, 2023	Jul 31, 2022
Inventory turnover		4.81	6.17	4.99	6.16	4.76
DOH	days	75.90	59.11	73.17	59.26	76.63

July 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.81
= 75.90

The days of inventory on hand (DOH) for Campbell Soup Company Common Stock has shown fluctuations over the past five years. In July 2022, the company had 76.63 days of inventory on hand, indicating that it took approximately 76 days to sell its inventory. By July 2023, the DOH decreased to 59.26 days, suggesting an improvement in inventory management efficiency. However, in the following year, July 2023, the DOH increased to 73.17 days, indicating a potential buildup in inventory levels.

In July 2024, the DOH decreased to 59.11 days, which could be interpreted positively as the company was able to sell its inventory more quickly. Nonetheless, by the end of July 2024, the DOH increased again to 75.90 days, signaling a potential challenge in managing inventory levels efficiently.

Overall, Campbell Soup Company Common Stock's DOH has shown variability in inventory management effectiveness over the period analyzed, with a mix of improvements and challenges in managing inventory levels. Monitoring and optimizing inventory levels will be crucial for the company to maintain operational efficiency and profitability in the future.