Campbell’s Co (CPB)
Inventory 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 7,134,000 | 7,136,000 | 7,587,000 | 7,358,000 | 7,555,000 | 7,617,000 | 7,537,000 | 7,630,000 | 7,668,000 | 7,400,000 | 7,038,000 | 6,869,000 | 6,455,000 | 7,160,000 | 7,145,000 | 7,706,000 | 7,396,000 | 7,098,000 | 6,822,000 | 6,240,000 |
| Inventory | US$ in thousands | — | 1,294,000 | 1,288,000 | 1,413,000 | 1,386,000 | 1,386,000 | 1,300,000 | 1,300,000 | 1,188,000 | 1,188,000 | 1,340,000 | 1,340,000 | 1,291,000 | 1,291,000 | 1,280,000 | 1,251,000 | 1,251,000 | 1,361,000 | 1,361,000 | 1,246,000 |
| Inventory turnover | — | 5.51 | 5.89 | 5.21 | 5.45 | 5.50 | 5.80 | 5.87 | 6.45 | 6.23 | 5.25 | 5.13 | 5.00 | 5.55 | 5.58 | 6.16 | 5.91 | 5.22 | 5.01 | 5.01 |
July 31, 2025 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $7,134,000K ÷ $—K
= —
The inventory turnover ratio for Campbell’s Co demonstrates fluctuations over the period under review, reflecting varying efficiencies in inventory management. Early in the period, on July 31, 2022, and October 30, 2022, the ratio remained steady at 5.01, indicating consistent inventory turnover. A slight increase is observed by October 31, 2022, reaching 5.22, suggesting a marginal improvement in inventory management or sales performance.
A more noticeable increase occurs by January 29, 2023, where the ratio rises to 5.91, reaching 6.16 by January 31, 2023, indicating a significant enhancement in inventory turnover, which may be attributable to improved sales activity, better inventory control, or a combination of both. However, this positive trend diminishes somewhat later in 2023, with the ratio declining to 5.58 by April 30, 2023, and further to approximately 5.55 and 5.00 by July 30 and 31, 2023, respectively. These figures suggest a slowdown in inventory turnover, possibly indicating increased inventory levels or decreased sales velocity.
In the latter part of 2023 and early 2024, the ratio shows variability, with increases to 5.13 on October 29, 2023, and 5.25 on October 31, 2023. Notably, the ratio experiences a substantial rise to 6.23 on January 28, 2024, and further to 6.45 on January 31, 2024, indicating a marked improvement in inventory turnover. This upward trend persists into April 2024, with ratios of 5.87 and 5.80, before slight declines to approximately 5.50 and 5.45 towards the end of July 2024.
The most recent data points, from October 31, 2024, through January 31, 2025, reveal ratios of approximately 5.21, 5.89, and 5.51, illustrating ongoing fluctuations around the historical average, with a peak of 5.89 in January 2025. The data for July 2025 is not available, which precludes further analysis for that period.
Overall, the inventory turnover ratio for Campbell’s Co exhibits cyclical patterns with periods of acceleration and deceleration. The ratios generally hover within a range of approximately 5.00 to 6.45, indicating relatively stable inventory management, with instances of significant improvement suggesting periods of more efficient inventory utilization. The variations could be influenced by seasonal demand, operational adjustments, or strategic initiatives aimed at optimizing inventory levels.