Campbell’s Co (CPB)

The data indicates that Campbell’s Co has experienced notable fluctuations in its cash conversion cycle (CCC) over the specified period. As of July 30, 2023, the CCC was approximately 19.95 days, which slightly decreased to 19.79 days by July 31, 2023. This suggests a relatively efficient management of working capital during that period, with the company's cash cycle remaining stable and below the 20-day threshold.

However, a significant change is observed by July 28, 2024, when the CCC increased to approximately 27.06 days, and further to 27.97 days by July 31, 2024. This increase represents a rise of around 8 to 8.2 days compared to the earlier figures, indicating that the company's liquidity and working capital management became less efficient during this period. The extended cycle could suggest longer inventory holding periods, delayed collections from receivables, or extended payment terms to suppliers, impacting the cash flow cycle negatively.

By July 31, 2025, the CCC drops sharply to zero days, which might imply a data anomaly, extraordinary operational changes, or a specific accounting adjustment that rendered the cycle indeterminate or effectively eliminated. Such a drastic change warrants further investigation to understand the underlying causes, as a zero-day CCC is highly unusual and typically impractical in routine operations.

Overall, the trend reflects a period of stability early on, followed by a deterioration in working capital efficiency, and ultimately an abrupt and unexplained normalization. Continuous monitoring and detailed analysis of the underlying components—days inventory outstanding, days sales outstanding, and days payable outstanding—are necessary to comprehensively understand the factors influencing these fluctuations in Campbell’s Co’s cash conversion cycle.