Campbell Soup Company Common Stock (CPB)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 3,794,000 | 3,661,000 | 3,331,000 | 3,152,000 | 2,563,000 |
| ROE | 14.94% | 23.44% | 22.73% | 31.79% | 63.52% |
July 28, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $567,000K ÷ $3,794,000K
= 14.94%
Campbell Soup Company's return on equity (ROE) has shown a declining trend over the past five years. The ROE decreased from 63.52% in 2020 to 14.94% in 2024. This indicates that the company's ability to generate profits from shareholders' equity has weakened significantly. A decreasing ROE could suggest various factors such as lower net income, higher shareholder equity, or inefficient management of assets and liabilities. Investors and analysts may need to delve deeper into the company's financial performance and operational efficiency to understand the reasons behind this declining trend and evaluate the company's future prospects.
Peer comparison
Jul 28, 2024