Campbell Soup Company Common Stock (CPB)
Activity ratios
Short-term
Turnover ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 6.17 | 6.24 | 6.71 | 5.95 | 6.16 | 6.24 | 6.28 | 5.59 | 5.87 | 6.67 | 7.51 | 7.02 | 7.36 | 7.90 | 8.05 | 6.72 | 6.54 | 7.53 | 6.85 | 6.07 |
| Receivables turnover | 15.30 | 14.52 | 14.60 | 12.81 | 17.69 | 17.57 | 15.37 | 12.14 | 15.83 | 16.53 | 13.61 | 11.45 | 14.25 | 15.02 | 12.77 | 11.57 | 15.11 | 12.63 | 12.24 | 11.09 |
| 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 |
| Working capital turnover | — | — | 662.21 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
The inventory turnover of Campbell Soup Company Common Stock has remained relatively stable over the past five quarters, ranging from 5.59 to 7.90 times. This indicates that the company is efficient in managing its inventory levels and converting them into sales.
On the other hand, the receivables turnover has shown some fluctuations, with values ranging from 11.09 to 17.69 times. This suggests variability in the company's ability to collect outstanding receivables efficiently.
The payables turnover has also displayed some variability, ranging from 5.26 to 6.53 times. This implies changes in the company's payment practices to its creditors over the quarters.
It is worth noting that the working capital turnover was not available for analysis in most of the quarters, except in January 2024 where it was significantly high at 662.21 times. This could indicate a specific event or anomaly in the company's working capital management during that period.
Average number of days
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 59.11 | 58.46 | 54.41 | 61.38 | 59.26 | 58.45 | 58.12 | 65.31 | 62.13 | 54.76 | 48.63 | 52.00 | 49.58 | 46.22 | 45.35 | 54.33 | 55.85 | 48.47 | 53.28 | 60.14 |
| Days of sales outstanding (DSO) | days | 23.86 | 25.13 | 25.00 | 28.49 | 20.64 | 20.78 | 23.74 | 30.06 | 23.06 | 22.08 | 26.82 | 31.87 | 25.62 | 24.30 | 28.58 | 31.56 | 24.15 | 28.89 | 29.82 | 32.90 |
| 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 |
The Days of Inventory on Hand (DOH) for Campbell Soup Company Common Stock have shown a relatively stable trend over the past two years, ranging from around 45 to 65 days. This indicates that the company has been efficiently managing its inventory levels, with the ability to quickly convert inventory into sales.
In contrast, the Days of Sales Outstanding (DSO) have fluctuated more significantly, varying between approximately 20 to 32 days. A lower DSO suggests that the company is collecting its accounts receivable faster, which can improve cash flow. However, the increasing trend in DSO over the past year may indicate a potential issue with collecting payments from customers promptly.
The Number of Days of Payables reflects the company's payment practices to its suppliers. Campbell Soup Company Common Stock has maintained a relatively consistent range of days payable outstanding, between 55 to 70 days. A longer payment period may indicate favorable terms with suppliers, allowing the company to manage its cash flow effectively.
Overall, Campbell Soup Company Common Stock appears to be effectively managing its inventory levels and supplier payments, but may need to focus on improving its accounts receivable collection process to maintain a healthy cash flow position.
Long-term
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fixed asset turnover | 3.57 | 3.59 | 3.75 | 3.83 | 3.90 | 3.92 | 3.96 | 3.85 | 3.65 | 3.65 | 3.56 | 3.55 | 3.58 | 3.77 | 3.85 | 3.76 | 3.67 | 3.57 | 3.46 | 3.44 |
| Total asset turnover | 0.63 | 0.62 | 0.77 | 0.76 | 0.78 | 0.77 | 0.77 | 0.73 | 0.72 | 0.71 | 0.69 | 0.70 | 0.72 | 0.74 | 0.72 | 0.71 | 0.70 | 0.66 | 0.69 | 0.62 |
Campbell Soup Company's long-term activity ratios indicate the efficiency with which the company utilizes its assets to generate sales. The fixed asset turnover ratio has remained relatively stable over the periods, ranging from 3.44 to 3.96. This suggests that Campbell Soup effectively generates sales from its fixed assets such as property, plant, and equipment.
The total asset turnover ratio shows a slight fluctuation but generally hovers around 0.62 to 0.78. This indicates that the company generates revenue by effectively using both fixed and current assets combined. A total asset turnover ratio below 1 indicates that Campbell Soup generates less than $1 in sales for each dollar invested in assets.
Overall, Campbell Soup's activity ratios suggest relatively consistent efficiency in generating sales from its assets over the periods analyzed. However, there may be potential opportunities for improvement in asset utilization to further enhance the company's overall operational efficiency.