Campbell’s Co (CPB)
Total asset turnover
| Jul 31, 2025 | Apr 30, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 10,253,000 | 10,225,000 | 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 |
| Total assets | US$ in thousands | 14,896,000 | 14,828,000 | 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 |
| Total asset turnover | 0.69 | 0.69 | 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 |
July 31, 2025 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $10,253,000K ÷ $14,896,000K
= 0.69
The total asset turnover ratio of Campbell’s Co demonstrates notable fluctuations over the observed period, reflecting varying levels of asset utilization to generate sales. At the beginning of the period, as of July 31, 2022, the ratio stood at approximately 0.71, indicating that the company generated $0.71 in sales for every dollar of assets employed. There was a gradual increase through the subsequent quarters, with the ratio reaching a peak of approximately 0.85 on January 31, 2023. This suggests a period of improved efficiency in asset utilization, whereby the company was able to generate more revenue relative to its asset base.
Following the peak, the ratio experienced a decline, dropping back down to around 0.73 by July 31, 2023. The trend continued into the subsequent months, with the ratio declining further to approximately 0.60 by October 31, 2024. This downward movement indicates diminishing efficiency in asset utilization, which could be attributable to various operational or strategic factors, such as increased assets without proportional sales growth or changes in operational productivity.
Finally, the ratio exhibited slight recovery in the most recent data, reaching approximately 0.69 on April 30, 2025, indicating some stabilization or modest improvement in asset efficiency. Throughout this period, the overall trend appears to be a gradual decline in total asset turnover from its peak in early 2023, culminating in a lower ratio by mid-2025 compared to the previous high points.
This pattern suggests that Campbell’s Co's efficiency in utilizing its assets to generate sales has diminished over time, which warrants further analysis into underlying operational, strategic, or market factors influencing asset management and sales performance.