Campbell Soup Company Common Stock (CPB)
Fixed asset turnover
| Jul 28, 2024 | Jul 30, 2023 | Jul 31, 2022 | Aug 1, 2021 | Aug 2, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 9,636,000 | 9,357,000 | 8,562,000 | 8,476,000 | 8,691,000 |
| Property, plant and equipment | US$ in thousands | 2,698,000 | 2,398,000 | 2,343,000 | 2,370,000 | 2,368,000 |
| Fixed asset turnover | 3.57 | 3.90 | 3.65 | 3.58 | 3.67 |
July 28, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $9,636,000K ÷ $2,698,000K
= 3.57
The fixed asset turnover ratio for Campbell Soup Company Common Stock has fluctuated over the past five years, ranging from 3.58 to 3.90. The ratio measures the efficiency of the company in generating sales from its fixed assets. A higher fixed asset turnover ratio indicates that the company is generating more revenue relative to its investment in fixed assets.
In the most recent fiscal year ending on July 28, 2024, the fixed asset turnover ratio was 3.57, which represents a decrease from the previous year's ratio of 3.90. This decrease may suggest a lower level of efficiency in utilizing fixed assets to generate sales. However, it is important to consider other factors influencing the ratio, such as changes in sales volume, asset base, or asset impairment.
Overall, despite the fluctuations in the fixed asset turnover ratio, Campbell Soup Company Common Stock has maintained a relatively strong ratio above 3.0 over the past five years, indicating efficient utilization of fixed assets to drive sales. Investors and stakeholders should continue to monitor this ratio along with other performance indicators to assess the company's operational efficiency and financial health.
Peer comparison
Jul 28, 2024