Campbell Soup Company Common Stock (CPB)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 3,794,000 | 3,794,000 | 3,663,000 | 3,661,000 | 3,331,000 |
| ROE | 14.94% | 14.94% | 23.42% | 23.44% | 22.73% |
July 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $567,000K ÷ $3,794,000K
= 14.94%
Campbell Soup Company Common Stock's return on equity (ROE) has shown fluctuations over the years based on the provided data. The ROE was 22.73% as of July 31, 2022, reflecting a strong performance. Subsequently, there was a slight increase to 23.44% by July 30, 2023, indicating continued profitability and efficiency in generating returns for shareholders.
However, there was a marginal decline in ROE to 23.42% by July 31, 2023. The company experienced a more significant drop in ROE to 14.94% as of July 28, 2024, which was then maintained at the same level in the subsequent period by July 31, 2024.
Overall, the ROE trend suggests that Campbell Soup Company Common Stock has been relatively profitable in utilizing shareholder equity to generate returns, although there were fluctuations in performance over the period under review. The company may need to assess the factors contributing to the decline in ROE in 2024 to sustain and improve its profitability in the future.
Peer comparison
Jul 31, 2024