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.
Peer comparison
Jul 28, 2024