Campbell Soup Company Common Stock (CPB)

Days of inventory on hand (DOH)

		Jul 28, 2024	Apr 28, 2024	Jan 28, 2024	Oct 29, 2023	Jul 30, 2023	Apr 30, 2023	Jan 29, 2023	Oct 30, 2022	Jul 31, 2022	May 1, 2022	Jan 30, 2022	Oct 31, 2021	Aug 1, 2021	May 2, 2021	Jan 31, 2021	Nov 1, 2020	Aug 2, 2020	Apr 26, 2020	Jan 26, 2020	Oct 27, 2019
Inventory turnover		6.17	6.24	6.71	5.95	6.16	6.24	6.28	5.59	5.87	6.67	7.51	7.02	7.36	7.90	8.05	6.72	6.54	7.53	6.85	6.07
DOH	days	59.11	58.46	54.41	61.38	59.26	58.45	58.12	65.31	62.13	54.76	48.63	52.00	49.58	46.22	45.35	54.33	55.85	48.47	53.28	60.14

July 28, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 6.17
= 59.11

The days of inventory on hand (DOH) for Campbell Soup Company Common Stock have exhibited some fluctuations over the past several quarters, ranging from a low of 45.35 days to a high of 65.31 days.

On average, the company has maintained its inventory for approximately 55 days over the period analyzed. This indicates that on average, Campbell Soup holds inventory for about 55 days before it is sold or used.

It is important to note that a lower number of days of inventory on hand may suggest more efficient inventory management, as the company is able to sell its products more quickly. Conversely, a higher number of days may indicate issues with inventory turnover or excess inventory levels that could tie up capital.

Overall, further analysis and comparison with industry benchmarks would be necessary to provide a more comprehensive evaluation of Campbell Soup Company's inventory management efficiency.