Campbell Soup Company Common Stock (CPB)

Total asset 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
Total assets	US$ in thousands	15,235,000	15,243,000	12,106,000	12,257,000	12,058,000	12,073,000	11,967,000	12,177,000	11,892,000	11,847,000	11,991,000	11,899,000	11,734,000	11,730,000	12,498,000	12,417,000	12,372,000	12,718,000	11,654,000	13,110,000
Total asset turnover		0.63	0.62	0.77	0.76	0.78	0.77	0.77	0.73	0.72	0.71	0.69	0.70	0.72	0.74	0.72	0.71	0.70	0.66	0.69	0.62

July 28, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $9,636,000K ÷ $15,235,000K
= 0.63

The total asset turnover of Campbell Soup Company Common Stock has shown fluctuation over the past several quarters, with values ranging from 0.62 to 0.78. This ratio indicates the company's efficiency in utilizing its assets to generate revenue. A total asset turnover ratio of less than 1 typically suggests that the company is not generating a sufficient level of revenue relative to its total assets.

The trend in Campbell Soup Company's total asset turnover indicates a relatively stable performance, hovering around the range of 0.62 to 0.78. While there have been slight variations in the ratio, the company has generally maintained a steady level of asset utilization efficiency over the recent quarters.

A total asset turnover below 1 could suggest that Campbell Soup Company may have excess assets relative to its revenue generation capacity. Monitoring this ratio over time can provide insights into the company's ability to efficiently leverage its assets to drive sales.