Campbell Soup Company Common Stock (CPB)
Total asset turnover
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Jul 28, 2024 | Apr 30, 2024 | Apr 28, 2024 | Jan 31, 2024 | Jan 28, 2024 | Oct 31, 2023 | Oct 29, 2023 | Jul 31, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 31, 2023 | Jan 29, 2023 | Oct 31, 2022 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 10,043,000 | 9,727,000 | 9,324,000 | 9,487,000 | 9,650,000 | 9,799,000 | 9,948,000 | 9,560,000 | 9,172,000 | 8,883,000 | 8,850,000 | 9,267,000 | 9,774,000 | 10,120,000 | 9,622,000 | 9,267,000 | 8,822,000 | 8,456,000 | 8,678,000 | 8,784,000 |
| Total assets | US$ in thousands | 15,910,000 | 16,112,000 | 15,235,000 | 15,235,000 | 15,243,000 | 15,243,000 | 12,106,000 | 12,106,000 | 12,257,000 | 12,257,000 | 12,058,000 | 12,058,000 | 12,073,000 | 11,967,000 | 11,967,000 | 12,177,000 | 12,177,000 | 11,892,000 | 11,847,000 | 11,847,000 |
| Total asset turnover | 0.63 | 0.60 | 0.61 | 0.62 | 0.63 | 0.64 | 0.82 | 0.79 | 0.75 | 0.72 | 0.73 | 0.77 | 0.81 | 0.85 | 0.80 | 0.76 | 0.72 | 0.71 | 0.73 | 0.74 |
January 31, 2025 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $10,043,000K ÷ $15,910,000K
= 0.63
The total asset turnover ratio for Campbell Soup Company Common Stock has shown fluctuation over the reporting periods. The ratio decreased from 0.74 in April 2022 to 0.61 in July 2024, indicating a decline in the company's efficiency in generating sales from its total assets. However, it rebounded to 0.63 by January 2025. These fluctuations may suggest changes in the company's asset utilization efficiency and sales volume relative to its asset base. Further analysis of the company's operational performance and asset management practices would be necessary to understand the underlying reasons for these movements in the total asset turnover ratio.
Peer comparison
Jan 31, 2025