Campbell Soup Company Common Stock (CPB)
Receivables turnover
| Jul 28, 2024 | Jul 30, 2023 | Jul 31, 2022 | Aug 1, 2021 | Aug 2, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 9,636,000 | 9,357,000 | 8,562,000 | 8,476,000 | 8,691,000 |
| Receivables | US$ in thousands | 630,000 | 529,000 | 541,000 | 595,000 | 575,000 |
| Receivables turnover | 15.30 | 17.69 | 15.83 | 14.25 | 15.11 |
July 28, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $9,636,000K ÷ $630,000K
= 15.30
The receivables turnover of Campbell Soup Company Common Stock has fluctuated over the past five years, with values ranging from 14.25 to 17.69 times. This ratio measures how efficiently the company collects payments from its customers. A higher receivables turnover indicates that the company is collecting payments more quickly, which is generally seen as positive.
In 2023, the company achieved its highest receivables turnover of 17.69 times, indicating that it collected payments from customers more frequently compared to other years. However, this ratio saw a decline in 2024 to 15.30 times, suggesting a slight decrease in efficiency in collecting receivables. Despite this decrease, the company's receivables turnover remains relatively high, reflecting efficient management of accounts receivable.
Overall, the trend in Campbell Soup Company Common Stock's receivables turnover indicates a generally consistent and efficient collection of payments from customers over the past five years, with occasional fluctuations. Investors and analysts may view this as a positive sign of the company's ability to manage its accounts receivable effectively.
Peer comparison
Jul 28, 2024