Campbell Soup Company Common Stock (CPB)

Number of days of payables

		Jul 28, 2024	Jul 30, 2023	Jul 31, 2022	Aug 1, 2021	Aug 2, 2020
Payables turnover		6.53	6.09	5.49	6.41	5.43
Number of days of payables	days	55.91	59.95	66.46	56.90	67.27

July 28, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.53
= 55.91

The number of days of payables for Campbell Soup Company Common Stock has fluctuated over the past five years. As of July 28, 2024, the company takes approximately 55.91 days to pay its payables, which represents a decrease from the previous year's figure of 59.95 days. This improvement suggests that the company is managing its accounts payable more efficiently in the current period.

Comparing the data to previous years, the number of days of payables has shown variability. In July 2022, the company took 66.46 days to pay its payables, marking a significant increase from the prior year. However, in August 2021, the number of days decreased to 56.90 days, indicating a positive trend in managing payables.

Looking back to August 2020, the number of days of payables was 67.27 days, which was higher compared to the current period. It appears that the company has made progress in streamlining its payables process over the years.

Overall, the trend in the number of days of payables for Campbell Soup Company Common Stock indicates fluctuations but also shows efforts to enhance efficiency in managing payables. Further analysis and monitoring of this metric will be essential to assess the company's financial health and working capital management.