Campbell Soup Company Common Stock (CPB)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 6.53 | 6.10 | 6.11 | 5.83 | 6.09 | 5.91 | 5.72 | 5.26 | 5.49 | 5.41 | 5.88 | 5.94 | 6.42 | 6.25 | 6.39 | 5.83 | 5.43 | 5.54 | 5.78 | 6.05 | |
| Number of days of payables | days | 55.91 | 59.81 | 59.76 | 62.66 | 59.95 | 61.78 | 63.84 | 69.44 | 66.52 | 67.45 | 62.03 | 61.45 | 56.87 | 58.36 | 57.09 | 62.62 | 67.27 | 65.84 | 63.12 | 60.35 |
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 shown some fluctuations over the past few quarters. On Jul 28, 2024, it was 55.91 days, indicating that on average, the company takes approximately 55.91 days to pay its suppliers. This figure increased to 59.81 days on Apr 28, 2024, and remained relatively stable around this level for the previous few quarters. Moreover, the number of days of payables has ranged between 55.91 days and 69.44 days over the analyzed period.
A lower number of days of payables suggests that the company is paying its suppliers more quickly, while a higher number indicates that the company is taking longer to settle its payables. In this case, the trend suggests that Campbell Soup Company Common Stock has been managing its payables relatively consistently, with the recent figures indicating a moderate time frame for settling its obligations to suppliers.
Peer comparison
Jul 28, 2024