Campbell Soup Company Common Stock (CPB)

Return on assets (ROA)

Jul 31, 2024 Jul 28, 2024 Jul 31, 2023 Jul 30, 2023 Jul 31, 2022
Net income US$ in thousands 567,000 567,000 858,000 858,000 757,000
Total assets US$ in thousands 15,235,000 15,235,000 12,058,000 12,058,000 11,892,000
ROA 3.72% 3.72% 7.12% 7.12% 6.37%

July 31, 2024 calculation

ROA = Net income ÷ Total assets
= $567,000K ÷ $15,235,000K
= 3.72%

The Return on Assets (ROA) for Campbell Soup Company Common Stock has displayed some fluctuations over the reported periods. The ROA stood at 6.37% as of July 31, 2022, showing a slight increase to 7.12% by July 30, 2023, which was maintained at the same level on July 31, 2023. However, a notable drop occurred by July 28, 2024, where the ROA decreased to 3.72%, remaining at the same level by July 31, 2024. These fluctuations may indicate varying levels of efficiency in generating profits from the company's assets over the timeframe analyzed. It would be advisable to further investigate the underlying reasons for these changes to assess the company's operational performance and potential future prospects.