Campbell Soup Company Common Stock (CPB)
Payables turnover
| Jul 31, 2024 | Jul 28, 2024 | Jul 31, 2023 | Jul 30, 2023 | Jul 31, 2022 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 6,665,000 | 8,558,000 | 6,440,000 | 7,951,000 | 5,935,000 |
| Payables | US$ in thousands | — | 1,311,000 | — | 1,306,000 | — |
| Payables turnover | — | 6.53 | — | 6.09 | — |
July 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $6,665,000K ÷ $—K
= —
The payables turnover ratio for Campbell Soup Company Common Stock indicates how efficiently the company is managing its accounts payable. Looking at the data provided, we see that the payables turnover ratio was not available for July 31, 2022, and July 31, 2023. However, for July 30, 2023, and July 28, 2024, the payables turnover ratios were 6.09 and 6.53, respectively.
A higher payables turnover ratio suggests that the company is paying off its suppliers more quickly, which could be a sign of strong liquidity and efficient working capital management. The increasing trend in the payables turnover ratio from 2023 to 2024 indicates that Campbell Soup Company Common Stock may be improving its ability to manage its payables effectively.
It is important to note that a payables turnover ratio that is too high might indicate that the company is missing out on possible early payment discounts or could be experiencing trouble maintaining good relationships with suppliers. On the other hand, a very low ratio might signal potential liquidity issues or inefficiencies in managing payables.
Overall, the payables turnover ratio for Campbell Soup Company Common Stock has shown improvement over the period provided, suggesting a positive trend in managing its accounts payable effectively. Further analysis and comparison with industry benchmarks could provide more insights into the company's financial health and operational efficiency.
Peer comparison
Jul 31, 2024