Campbell Soup Company Common Stock (CPB)
Inventory turnover
| Jul 28, 2024 | Jul 30, 2023 | Jul 31, 2022 | Aug 1, 2021 | Aug 2, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 8,558,000 | 7,951,000 | 7,326,000 | 6,864,000 | 5,692,000 |
| Inventory | US$ in thousands | 1,386,000 | 1,291,000 | 1,246,000 | 933,000 | 871,000 |
| Inventory turnover | 6.17 | 6.16 | 5.88 | 7.36 | 6.54 |
July 28, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $8,558,000K ÷ $1,386,000K
= 6.17
Campbell Soup Company Common Stock has shown a relatively consistent inventory turnover ratio over the past five years, ranging from 5.88 to 7.36. The inventory turnover ratio indicates how efficiently the company manages its inventory by measuring how many times a company sells and replaces its inventory during a specific period. A higher inventory turnover ratio is generally considered favorable as it suggests that the company is selling its products quickly and efficiently.
In this case, Campbell Soup Company's inventory turnover ratio has been consistently above 6, indicating that the company is effectively managing its inventory. The slight fluctuations in the ratio over the years may be due to various factors such as changes in sales, production efficiency, or inventory management practices. Overall, a relatively stable and above-average inventory turnover ratio suggests that Campbell Soup Company Common Stock is effectively managing its inventory levels and turning over its stock efficiently.
Peer comparison
Jul 28, 2024