Campbell’s Co (CPB)
Return on assets (ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 602,000 | 454,000 | 385,000 | 345,000 | 260,000 | 466,000 | 672,000 | 773,000 | 874,000 | 840,000 | 806,000 | 732,000 | 730,000 | 793,000 | 921,000 | 1,058,000 | 922,000 | 878,000 | 769,000 | 684,000 |
| Total assets | US$ in thousands | 14,896,000 | 14,828,000 | 15,910,000 | 16,112,000 | 15,235,000 | 15,235,000 | 15,243,000 | 15,243,000 | 12,106,000 | 12,106,000 | 12,257,000 | 12,257,000 | 12,058,000 | 12,058,000 | 12,073,000 | 11,967,000 | 11,967,000 | 12,177,000 | 12,177,000 | 11,892,000 |
| ROA | 4.04% | 3.06% | 2.42% | 2.14% | 1.71% | 3.06% | 4.41% | 5.07% | 7.22% | 6.94% | 6.58% | 5.97% | 6.05% | 6.58% | 7.63% | 8.84% | 7.70% | 7.21% | 6.32% | 5.75% |
July 31, 2025 calculation
ROA = Net income (ttm) ÷ Total assets
= $602,000K ÷ $14,896,000K
= 4.04%
The analysis of Campbell’s Co. return on assets (ROA) over the given period reveals notable fluctuations and trends. Starting from July 31, 2022, the ROA was recorded at 5.75%. This figure increased over subsequent quarters, reaching a peak of approximately 8.84% on January 31, 2023. This rise suggests an improvement in asset efficiency in generating net income during this period.
Following this peak, the ROA experienced a decline, dropping to 7.63% by April 30, 2023, and continuing downward to 6.58% by July 31, 2023. The downward trend persisted into late 2023, with the ROA decreasing further to 5.97% on October 29, 2023, and slightly rising again to 6.58% on October 31, 2023, indicating some short-term stability before further changes.
In early 2024, the ROA increased modestly, reaching 6.94% on January 28, 2024, then moving upward to 7.22% by January 31, 2024. However, the subsequent quarters displayed a significant decline, with the ROA falling sharply to 5.07% by April 28, 2024, and continuing downward to 4.41% on April 30, 2024. The decline persisted into mid-2024, with figures dropping to 3.06% on July 28, 2024, and ultimately down to 1.71% by July 31, 2024.
Further data points indicate a brief slight increase to 2.14% in October 2024, followed by modest recoveries to 2.42% in January 2025 and 3.06% in April 2025. The most recent data at July 31, 2025, shows a return to a 4.04% ROA, signifying some recovery but remaining below historical peaks observed earlier.
Overall, the company's ROA demonstrates considerable variability over the analyzed period, characterized by initial growth culminating in a peak, followed by a sustained decline over successive quarters. The negative trend from mid-2024 onward suggests challenges in asset efficiency or profitability, with intermittent signs of recovery in early 2025. This pattern warrants further investigation to identify underlying causes, such as changes in operational performance, industry conditions, or asset base management.