Campbell Soup Company Common Stock (CPB)
Fixed asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 10,043,000 | 9,727,000 | 9,324,000 | 9,487,000 | 9,650,000 | 9,799,000 | 9,948,000 | 9,560,000 | 9,172,000 | 8,883,000 | 8,850,000 | 9,267,000 | 9,774,000 | 10,120,000 | 9,622,000 | 9,267,000 | 8,822,000 | 8,456,000 | 8,678,000 | 8,784,000 |
| Property, plant and equipment | US$ in thousands | — | — | — | 2,698,000 | — | 2,621,000 | — | 2,470,000 | 2,717,000 | 2,429,000 | 2,673,000 | 2,398,000 | 2,364,000 | 2,318,000 | 2,318,000 | 2,312,000 | 2,312,000 | 2,343,000 | 2,313,000 | 2,313,000 |
| Fixed asset turnover | — | — | — | 3.52 | — | 3.74 | — | 3.87 | 3.38 | 3.66 | 3.31 | 3.86 | 4.13 | 4.37 | 4.15 | 4.01 | 3.82 | 3.61 | 3.75 | 3.80 |
January 31, 2025 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $10,043,000K ÷ $—K
= —
The fixed asset turnover ratio measures how efficiently a company is utilizing its fixed assets to generate sales. A higher fixed asset turnover ratio indicates that the company is generating more revenue per dollar of fixed assets.
Based on the provided data for Campbell Soup Company Common Stock, we can see fluctuations in the fixed asset turnover ratio over the reporting periods. The ratio ranged from a low of 3.31 on July 31, 2023, to a high of 4.37 on January 31, 2023.
Overall, the trend in the fixed asset turnover ratio shows variability with some periods of improvement and decline. It is important to note that a high fixed asset turnover ratio may suggest efficient asset utilization, while a low ratio may indicate underutilization of fixed assets.
Campbell Soup Company may need to monitor and evaluate the efficiency of its fixed asset utilization to ensure optimal performance and profitability in the long term. Additionally, further analysis and comparison with industry benchmarks may provide valuable insights into the company's operational efficiency and potential areas for improvement.
Peer comparison
Jan 31, 2025