Campbell’s Co (CPB)
Operating return on assets (Operating ROA)
| Jul 31, 2025 | Jul 31, 2024 | Jul 28, 2024 | Jul 31, 2023 | Jul 30, 2023 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,124,000 | 1,315,000 | 1,000,000 | 1,312,000 | 1,312,000 |
| Total assets | US$ in thousands | 14,896,000 | 15,235,000 | 15,235,000 | 12,058,000 | 12,058,000 |
| Operating ROA | 7.55% | 8.63% | 6.56% | 10.88% | 10.88% |
July 31, 2025 calculation
Operating ROA = Operating income ÷ Total assets
= $1,124,000K ÷ $14,896,000K
= 7.55%
The operating return on assets (Operating ROA) for Campbell’s Co exhibits notable fluctuations over the specified periods. As of July 30, and July 31, 2023, the Operating ROA was stable at 10.88%, indicating a consistent level of operating efficiency in utilizing assets to generate operating income during this timeframe.
However, by July 28, 2024, the Operating ROA declined significantly to 6.56%, reflecting a reduction in operating performance or efficiency in asset utilization. This downturn suggests possible operational challenges or increased costs that adversely impacted the company's ability to generate operating income relative to its asset base. Subsequently, the figure increased to 8.63% as of July 31, 2024, indicating a partial recovery in operational effectiveness.
Nevertheless, by July 31, 2025, the Operating ROA decreased again to 7.55%, which, although higher than the trough observed on July 28, 2024, remains below the levels recorded in 2023. This trend illustrates variability in operational performance and asset efficiency over time, possibly influenced by external market conditions, operational adjustments, or strategic changes within the company.
In summary, the Operating ROA demonstrates a pattern of initial stability, followed by a decline and partial recovery, ultimately settling at a level lower than the initial 2023 figures. This analysis suggests that Campbell’s Co’s ability to generate operating income from its assets has faced challenges in maintaining consistent efficiency, highlighting areas for operational review and potential strategic improvement.