Campbell’s Co (CPB)
Total asset turnover
| Jul 31, 2025 | Jul 31, 2024 | Jul 28, 2024 | Jul 31, 2023 | Jul 30, 2023 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 10,253,000 | 9,636,000 | 9,636,000 | 9,357,000 | 9,357,000 |
| Total assets | US$ in thousands | 14,896,000 | 15,235,000 | 15,235,000 | 12,058,000 | 12,058,000 |
| Total asset turnover | 0.69 | 0.63 | 0.63 | 0.78 | 0.78 |
July 31, 2025 calculation
Total asset turnover = Revenue ÷ Total assets
= $10,253,000K ÷ $14,896,000K
= 0.69
The total asset turnover ratio for Campbell’s Co demonstrates variability across the observed periods, indicating changes in the company's efficiency in utilizing its assets to generate sales. As of July 30 and July 31, 2023, the ratio remained consistent at 0.78, suggesting that the company was effectively generating approximately $0.78 in sales for every dollar of total assets during that period. By July 28 and July 31, 2024, the ratio declined to 0.63, reflecting a decrease in asset utilization efficiency and potentially signaling challenges in asset productivity or a strategic shift that impacted sales relative to total assets. Subsequently, by July 31, 2025, the ratio showed a modest recovery to 0.69, indicating an improvement in asset efficiency, though it had not yet returned to the earlier levels observed in 2023. Overall, the trend indicates some fluctuation over the two-year span, with a notable downturn in asset turnover in 2024 followed by partial recovery, underscoring the company's changing capacity to leverage its assets for generating revenue.