Campbell’s Co (CPB)

The receivables turnover ratio for Campbell’s Co, as presented in the provided data, indicates the company's efficiency in collecting its accounts receivable within a given period. For the fiscal year ending July 30, 2023, and July 31, 2023, the ratio stands uniformly at 17.69, suggesting that the company was able to convert its receivables into cash approximately 17.69 times during this period. This ratio reflects a relatively efficient collection process, with receivables turning over multiple times annually.

Moving into the subsequent fiscal year ending July 28, 2024, the receivables turnover ratio decreases to 15.30, which suggests a slight decline in collection efficiency. This decrease indicates that it took Campbell’s Co a somewhat longer period to collect its receivables, potentially hinting at a more lenient credit policy, slower customer payments, or shifts in customer creditworthiness.

The data for the year ending July 31, 2024, confirms this reduced turnover at 15.30, maintaining consistency with the previous year-end figure. However, for the fiscal year ending July 31, 2025, the ratio is not provided, marked as “—”. The absence of data precludes direct comparative analysis for this period.

Overall, the trend from 17.69 down to 15.30 illustrates a moderate decline in receivables turnover over the analyzed periods. This decline warrants further investigation to evaluate whether it results from changes in credit policy, customer payment behavior, or other operational factors. Generally, a higher receivables turnover ratio signifies better efficiency and liquidity, whereas a declining ratio may imply potential collection issues or altered credit terms.