Campbell Soup Company Common Stock (CPB)
Payables 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 |
| Payables | US$ in thousands | 1,311,000 | 1,306,000 | 1,334,000 | 1,070,000 | 1,049,000 |
| Payables turnover | 6.53 | 6.09 | 5.49 | 6.41 | 5.43 |
July 28, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $8,558,000K ÷ $1,311,000K
= 6.53
The payables turnover ratio measures how efficiently a company is managing its payable obligations with its suppliers. A higher payables turnover ratio indicates that the company is paying its suppliers more frequently or quickly.
Based on the data provided:
- The payables turnover for Campbell Soup Company Common Stock has fluctuated over the past five years, with values of 6.53 in 2024, 6.09 in 2023, 5.49 in 2022, 6.41 in 2021, and 5.43 in 2020.
- The highest payables turnover ratio was in 2024 at 6.53, indicating that Campbell Soup Company was able to pay its suppliers approximately 6.53 times during that year.
- The lowest payables turnover ratio was in 2020 at 5.43, which suggests that the company took slightly longer to settle its payable obligations to suppliers in that year.
- Overall, the trend in payables turnover ratios for Campbell Soup Company Common Stock shows some variability but generally demonstrates efficient management of payable obligations over the years.
It is important for investors and analysts to monitor the payables turnover ratio to assess the company's liquidity position, supplier relationships, and operational efficiency in managing its payables.
Peer comparison
Jul 28, 2024