Campbell Soup Company Common Stock (CPB)
Fixed asset turnover
| Jul 31, 2024 | Jul 28, 2024 | Jul 31, 2023 | Jul 30, 2023 | Jul 31, 2022 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 9,636,000 | 9,636,000 | 9,357,000 | 9,357,000 | 8,562,000 |
| Property, plant and equipment | US$ in thousands | — | 2,698,000 | 2,673,000 | 2,398,000 | 2,343,000 |
| Fixed asset turnover | — | 3.57 | 3.50 | 3.90 | 3.65 |
July 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $9,636,000K ÷ $—K
= —
The fixed asset turnover for Campbell Soup Company Common Stock has shown variability over the years. It increased from 3.65 in July 31, 2022, to 3.90 in July 30, 2023, indicating that the company generated $3.90 in revenue for every dollar invested in fixed assets. However, there was a slight decrease in the ratio to 3.50 in July 31, 2023, followed by a modest uptick to 3.57 in July 28, 2024. The data for July 31, 2024, is missing which prevents a complete trend analysis for that period. Overall, the fluctuations in the fixed asset turnover suggest some level of efficiency in utilizing fixed assets to generate sales revenue, with some room for improvement in certain periods.
Peer comparison
Jul 31, 2024