Campbell Soup Company Common Stock (CPB)
Return on assets (ROA)
| Jul 28, 2024 | Jul 30, 2023 | Jul 31, 2022 | Aug 1, 2021 | Aug 2, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 567,000 | 858,000 | 757,000 | 1,002,000 | 1,628,000 |
| Total assets | US$ in thousands | 15,235,000 | 12,058,000 | 11,892,000 | 11,734,000 | 12,372,000 |
| ROA | 3.72% | 7.12% | 6.37% | 8.54% | 13.16% |
July 28, 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 shown a declining trend over the past five years. As of July 28, 2024, the ROA stands at 3.72%, down from 7.12% in the previous year. This decrease suggests that the company's ability to generate profits from its assets has weakened.
Comparing the current ROA to the figures from earlier years, we observe a downward trajectory from 6.37% in 2022, 8.54% in 2021, and 13.16% in 2020. This downward trend indicates a potential decrease in efficiency in utilizing its assets to generate earnings.
It is essential for investors and stakeholders to closely monitor the company's asset management strategies and operational performance to assess the sustainability of its profitability in the future.
Peer comparison
Jul 28, 2024