Campbell’s Co (CPB)
Fixed asset turnover
| Jul 31, 2025 | Apr 30, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 10,253,000 | 10,225,000 | 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 |
| 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 |
| 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 |
July 31, 2025 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $10,253,000K ÷ $—K
= —
The fixed asset turnover ratio for Campbell’s Co demonstrates notable fluctuations over the period under review. Starting from a value of 3.61 on July 31, 2022, the ratio exhibited an upward trend, peaking at 4.37 on January 31, 2023. This indicates that during this interval, the company was generating higher sales revenue per unit of fixed assets, reflecting improved asset utilization efficiency.
Subsequently, from the peak in early 2023, the ratio declined somewhat, reaching 3.86 by July 30, 2023, and then further easing to 3.31 on July 31, 2023. These decreases suggest a temporary reduction in asset efficiency, potentially due to increased fixed asset investments, operational adjustments, or sales fluctuations that impacted the ratio.
The ratio then increased again to 3.66 on October 29, 2023, indicating a partial recovery in asset utilization, but remained below the earlier peak levels. Within the recent data points, the ratio was recorded at 3.87 on January 28, 2024, signaling an improvement in asset efficiency. However, in subsequent periods from April to July 2024, the ratio slightly declined to 3.74 and then to 3.52 before the latest available data.
Overall, the fixed asset turnover ratio exhibits cyclical variation, with periods of improvement and decline, reflecting shifts in operational efficiency and asset management. The current levels suggest that Campbell’s Co maintains a moderate ratio, indicative of steady utilization of fixed assets relative to sales, with some periods of higher efficiency noted in early 2023 and early 2024.