Campbell’s Co (CPB)
Cash conversion cycle
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | 66.19 | 61.96 | 70.09 | 66.96 | 66.42 | 62.96 | 62.19 | 56.55 | 58.60 | 69.49 | 71.20 | 73.00 | 65.81 | 65.39 | 59.25 | 61.74 | 69.99 | 72.82 | 72.88 |
| Days of sales outstanding (DSO) | days | — | 23.85 | 25.84 | 31.52 | 24.66 | 24.24 | 24.51 | 24.14 | 23.30 | 24.24 | 28.89 | 29.83 | 21.82 | 20.84 | 19.72 | 21.53 | 22.65 | 28.87 | 30.33 | 23.35 |
| Number of days of payables | days | — | 66.34 | 65.24 | 72.08 | 63.34 | 62.82 | 64.41 | 63.62 | 62.12 | 64.37 | 70.95 | 72.69 | 73.85 | 66.58 | 69.12 | 65.08 | 67.81 | 74.41 | 77.42 | 78.03 |
| Cash conversion cycle | days | 0.00 | 23.69 | 22.57 | 29.54 | 28.29 | 27.83 | 23.06 | 22.70 | 17.73 | 18.47 | 27.44 | 28.34 | 20.97 | 20.07 | 15.99 | 15.71 | 16.58 | 24.45 | 25.73 | 18.20 |
July 31, 2025 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= — + — – —
= 0.00
The analysis of Campbell’s Co. cash conversion cycle (CCC) over the specified period reveals patterns linked to operational efficiency and working capital management.
Initially, the CCC fluctuated notably, reaching a low of approximately 15.71 days at the end of January 2023, indicating a relatively efficient cycle with timely cash inflows and outflows. This period likely reflects effective inventory management, swift receivables collection, and prompt supplier payments.
Subsequently, the CCC increased, peaking at approximately 28.34 days toward October 2023. This elongation suggests a slowdown in cash inflow activities, potentially due to longer inventory turnover, extended receivables collection periods, or delayed supplier payments. The rise in the cycle duration may highlight periods of operational bottlenecks or strategic changes affecting cash flow timing.
Post-October 2023, the CCC showed some fluctuations, decreasing again to around 17.73 days by January 2024, indicating improvements in days sales outstanding, inventory turnover, or payables management. Yet, the cycle lengthened once more, reaching approximately 29.54 days by October 2024, reflecting possible challenges in managing working capital or shifts in operating cycles.
Throughout the period, the CCC demonstrates variability, with notable peaks and troughs. The most recent data point in July 2025 indicates a CCC approaching zero days, which is anomalous and may suggest a data recording issue or an extraordinary operational change. Overall, the trend illustrates periods of operational efficiency interspersed with phases of extended cash cycle durations, highlighting the dynamic nature of the company's working capital management.
Such variations underscore the importance of continuous monitoring and strategic control over receivables, inventory, and payables to optimize liquidity, reduce financing costs, and improve overall operational efficiency.