Campbell Soup Company Common Stock (CPB)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 9,636,000 | 9,411,000 | 9,271,000 | 9,300,000 | 9,357,000 | 9,276,000 | 9,177,000 | 8,901,000 | 8,562,000 | 8,448,000 | 8,302,000 | 8,372,000 | 8,476,000 | 8,711,000 | 8,965,000 | 8,848,000 | 8,691,000 | 8,363,000 | 8,078,000 | 8,088,000 |
| Receivables | US$ in thousands | 630,000 | 648,000 | 635,000 | 726,000 | 529,000 | 528,000 | 597,000 | 733,000 | 541,000 | 511,000 | 610,000 | 731,000 | 595,000 | 580,000 | 702,000 | 765,000 | 575,000 | 662,000 | 660,000 | 729,000 |
| 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 |
July 28, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $9,636,000K ÷ $630,000K
= 15.30
The receivables turnover ratio for Campbell Soup Company Common Stock has shown fluctuations over the past few quarters, ranging from a low of 11.09 to a high of 17.69. This ratio indicates how efficiently the company is able to collect its accounts receivable during a specific period. A higher turnover ratio generally signifies that the company is collecting its receivables more quickly.
In the most recent quarter, the receivables turnover ratio was 15.30, which suggests that, on average, Campbell Soup Company collected its accounts receivable approximately 15.30 times during that period. This indicates a relatively efficient collection process, although it is important to consider trends over multiple periods for a more comprehensive analysis.
It is also noteworthy that the receivables turnover ratio has shown a general upward trend over the past few quarters, indicating potential improvement in the company's receivables management. However, further analysis and comparison with industry benchmarks may be necessary to fully assess the effectiveness of Campbell Soup Company in managing its accounts receivable.
Peer comparison
Jul 28, 2024