Campbell Soup Company Common Stock (CPB)
Payables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 8,558,000 | 8,116,000 | 7,970,000 | 7,969,000 | 7,951,000 | 7,993,000 | 7,856,000 | 7,606,000 | 7,320,000 | 6,959,000 | 6,838,000 | 6,837,000 | 6,868,000 | 6,792,000 | 6,560,000 | 6,114,000 | 5,692,000 | 5,505,000 | 5,337,000 | 5,383,000 |
| Payables | US$ in thousands | 1,311,000 | 1,330,000 | 1,305,000 | 1,368,000 | 1,306,000 | 1,353,000 | 1,374,000 | 1,447,000 | 1,334,000 | 1,286,000 | 1,162,000 | 1,151,000 | 1,070,000 | 1,086,000 | 1,026,000 | 1,049,000 | 1,049,000 | 993,000 | 923,000 | 890,000 |
| 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 |
July 28, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $8,558,000K ÷ $1,311,000K
= 6.53
The payables turnover ratio for Campbell Soup Company Common Stock has shown some fluctuation over the past few quarters, ranging from 5.26 to 6.53. This ratio measures how efficiently the company is managing its trade payables by indicating how many times during a period the company pays off its suppliers.
A higher payables turnover ratio indicates that a company is paying off its suppliers more frequently, which could suggest good liquidity and strong vendor relationships. On the other hand, a lower ratio may indicate that the company is taking longer to pay its suppliers, potentially straining relationships or leading to missed discounts.
The trend for Campbell Soup Company Common Stock's payables turnover ratio seems relatively stable, demonstrating consistent management of trade payables over the analyzed period. It is essential for investors and analysts to monitor this ratio to assess the company's ability to effectively manage its payables and maintain healthy relationships with suppliers.
Peer comparison
Jul 28, 2024