Campbell Soup Company Common Stock (CPB)
Fixed asset turnover
| Jul 28, 2024 | Apr 28, 2024 | Jan 28, 2024 | Oct 29, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 29, 2023 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | Jan 30, 2022 | Oct 31, 2021 | Aug 1, 2021 | May 2, 2021 | Jan 31, 2021 | Nov 1, 2020 | Aug 2, 2020 | Apr 26, 2020 | Jan 26, 2020 | Oct 27, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 9,636,000 | 9,411,000 | 9,271,000 | 9,300,000 | 9,357,000 | 9,276,000 | 9,177,000 | 8,901,000 | 8,562,000 | 8,448,000 | 8,302,000 | 8,372,000 | 8,476,000 | 8,711,000 | 8,965,000 | 8,848,000 | 8,691,000 | 8,363,000 | 8,078,000 | 8,088,000 |
| Property, plant and equipment | US$ in thousands | 2,698,000 | 2,621,000 | 2,470,000 | 2,429,000 | 2,398,000 | 2,364,000 | 2,318,000 | 2,312,000 | 2,343,000 | 2,313,000 | 2,330,000 | 2,355,000 | 2,370,000 | 2,313,000 | 2,329,000 | 2,352,000 | 2,368,000 | 2,340,000 | 2,336,000 | 2,352,000 |
| Fixed asset turnover | 3.57 | 3.59 | 3.75 | 3.83 | 3.90 | 3.92 | 3.96 | 3.85 | 3.65 | 3.65 | 3.56 | 3.55 | 3.58 | 3.77 | 3.85 | 3.76 | 3.67 | 3.57 | 3.46 | 3.44 |
July 28, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ 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 few fiscal periods, ranging from 3.44 to 3.96. This ratio indicates the efficiency with which the company is utilizing its fixed assets to generate revenue. A higher fixed asset turnover ratio suggests that the company is effectively using its fixed assets to generate sales.
Based on the data provided, it can be observed that the fixed asset turnover ratio has generally been above 3.5, indicating that Campbell Soup Company Common Stock has been efficiently utilizing its fixed assets to generate revenue. The ratio has shown some variability, but overall, the company has maintained a healthy level of efficiency in using its fixed assets.
Investors and analysts may monitor the trend of the fixed asset turnover ratio over time to assess the company's operational efficiency and asset management strategies. Additionally, comparing this ratio with industry benchmarks or historical performance can provide further insights into Campbell Soup Company Common Stock's performance in utilizing its fixed assets.
Peer comparison
Jul 28, 2024