Campbell Soup Company Common Stock (CPB)

Days of inventory on hand (DOH)

Jan 31, 2025 Oct 31, 2024 Jul 31, 2024 Jul 28, 2024 Apr 30, 2024 Apr 28, 2024 Jan 31, 2024 Jan 28, 2024 Oct 31, 2023 Oct 29, 2023 Jul 31, 2023 Jul 30, 2023 Apr 30, 2023 Jan 31, 2023 Jan 29, 2023 Oct 31, 2022 Oct 30, 2022 Jul 31, 2022 May 1, 2022 Apr 30, 2022
Inventory turnover 5.89 5.21 5.45 5.51 5.81 5.88 6.47 6.23 5.25 5.13 5.00 5.55 5.58 6.16 5.91 5.22 5.01 5.01 6.41 6.12
DOH days 61.96 70.09 66.96 66.25 62.80 62.03 56.41 58.60 69.49 71.20 73.00 65.81 65.39 59.25 61.74 69.99 72.82 72.88 56.95 59.67

January 31, 2025 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.89
= 61.96

The days of inventory on hand (DOH) for Campbell Soup Company Common Stock ranged from a low of 56.41 days on January 31, 2024, to a high of 73.00 days on July 31, 2023. Over the period analyzed, the DOH metric fluctuated, indicating changes in the efficiency of managing inventory. In general, a lower DOH implies faster inventory turnover and potentially better inventory management, while a higher DOH could indicate slower turnover or excess inventory levels. It is important to monitor this ratio closely as it can impact the company's liquidity, profitability, and overall financial health.