Campbell Soup Company Common Stock (CPB)
Receivables turnover
| Jul 31, 2024 | Jul 28, 2024 | Jul 31, 2023 | Jul 30, 2023 | Jul 31, 2022 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 9,636,000 | 9,636,000 | 9,357,000 | 9,357,000 | 8,562,000 |
| Receivables | US$ in thousands | — | 630,000 | — | 529,000 | — |
| Receivables turnover | — | 15.30 | — | 17.69 | — |
July 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $9,636,000K ÷ $—K
= —
The receivables turnover ratio calculates how efficiently a company is collecting outstanding receivables from its customers. Looking at the data provided for Campbell Soup Company Common Stock, we can see that the receivables turnover was 17.69 for July 30, 2023, and 15.30 for July 28, 2024.
A higher receivables turnover ratio indicates that the company is collecting its accounts receivable more quickly, which is generally a positive sign. However, the ratio for July 30, 2023, is higher than that for July 28, 2024, which could suggest a potential decrease in the efficiency of receivables collection between these two periods.
It is also worth noting that the receivables turnover values for July 31, 2022, and July 31, 2023 are not available (indicated as "—"). Without these data points, it is challenging to analyze the trend in receivables turnover over a longer period.
In conclusion, based on the available data points, Campbell Soup Company Common Stock showed a relatively high receivables turnover ratio for July 30, 2023, which could indicate efficient management of accounts receivable. However, the decrease in the ratio for July 28, 2024, compared to the previous period may warrant further investigation into the company's receivables management practices.
Peer comparison
Jul 31, 2024