Campbell Soup Company Common Stock (CPB)
Return on assets (ROA)
| Jul 28, 2024 | Apr 28, 2024 | Jan 28, 2024 | Oct 29, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 29, 2023 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | Jan 30, 2022 | Oct 31, 2021 | Aug 1, 2021 | May 2, 2021 | Jan 31, 2021 | Nov 1, 2020 | Aug 2, 2020 | Apr 26, 2020 | Jan 26, 2020 | Oct 27, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 567,000 | 739,000 | 766,000 | 795,000 | 858,000 | 785,000 | 813,000 | 793,000 | 757,000 | 949,000 | 921,000 | 954,000 | 1,002,000 | 800,000 | 808,000 | 1,771,000 | 1,628,000 | 1,534,000 | 1,450,000 | 183,000 |
| Total assets | US$ in thousands | 15,235,000 | 15,243,000 | 12,106,000 | 12,257,000 | 12,058,000 | 12,073,000 | 11,967,000 | 12,177,000 | 11,892,000 | 11,847,000 | 11,991,000 | 11,899,000 | 11,734,000 | 11,730,000 | 12,498,000 | 12,417,000 | 12,372,000 | 12,718,000 | 11,654,000 | 13,110,000 |
| ROA | 3.72% | 4.85% | 6.33% | 6.49% | 7.12% | 6.50% | 6.79% | 6.51% | 6.37% | 8.01% | 7.68% | 8.02% | 8.54% | 6.82% | 6.47% | 14.26% | 13.16% | 12.06% | 12.44% | 1.40% |
July 28, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $567,000K ÷ $15,235,000K
= 3.72%
The return on assets (ROA) for Campbell Soup Company Common Stock has fluctuated over the past few years, as evidenced by the data provided. The ROA ranged from a low of 1.40% on Oct 27, 2019, to a high of 14.26% on Jan 31, 2021. This indicates that the company's ability to generate profits from its assets has been inconsistent.
In general, the ROA has been above 6% in most periods, which suggests that Campbell Soup Company has been efficient in using its assets to generate earnings. However, the downward trend in ROA from 2021 to 2024, with the latest value at 3.72% on Jul 28, 2024, may indicate potential challenges in asset utilization or profitability for the company.
It is important for investors and stakeholders to monitor the company's ROA closely to assess its financial performance and efficiency in utilizing its assets to generate profits. Further analysis and investigation into the underlying drivers of the ROA trends are recommended to gain a deeper understanding of Campbell Soup Company's financial health and prospects.
Peer comparison
Jul 28, 2024