Campbell Soup Company Common Stock (CPB)
Operating return on assets (Operating ROA)
| Jul 31, 2024 | Jul 28, 2024 | Jul 31, 2023 | Jul 30, 2023 | Jul 31, 2022 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,000,000 | 1,000,000 | 1,312,000 | 1,312,000 | 1,163,000 |
| Total assets | US$ in thousands | 15,235,000 | 15,235,000 | 12,058,000 | 12,058,000 | 11,892,000 |
| Operating ROA | 6.56% | 6.56% | 10.88% | 10.88% | 9.78% |
July 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $1,000,000K ÷ $15,235,000K
= 6.56%
Based on the data provided, Campbell Soup Company Common Stock's operating return on assets (operating ROA) has fluctuated over the years. The operating ROA was 9.78% as of July 31, 2022, showing a decent level of profitability. It increased to 10.88% by July 30, 2023, indicating an improvement in the company's ability to generate operating income relative to its total assets.
However, the operating ROA remained at 10.88% as of July 31, 2023, suggesting consistent performance in utilizing assets to generate earnings. Subsequently, there was a notable decline in the operating ROA to 6.56% as of both July 28, 2024, and July 31, 2024. This decline could indicate a decrease in the company's operational efficiency and profitability during this period.
In conclusion, while Campbell Soup Company Common Stock has shown varying levels of operating ROA in the analyzed period, it is important for investors and stakeholders to monitor these ratios closely to assess the company's performance and efficiency in utilizing its assets to generate profits effectively.
Peer comparison
Jul 31, 2024