The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Campbell Soup Co's Revenue for the
three
months ended in Jan. 2024 was $2,456 Mil. Campbell Soup Co's average Accounts Receivable for the
three
months ended in Jan. 2024 was $681 Mil.
Hence, Campbell Soup Co's Receivables Turnover for the
three
months ended in Jan. 2024 was 3.61.
Campbell Soup Co Receivables Turnover Historical Data
The historical data trend for Campbell Soup Co's Receivables Turnover can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Campbell Soup Co's Receivables Turnover
For the Packaged Foods subindustry, Campbell Soup Co's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Campbell Soup Co's Receivables Turnover Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Campbell Soup Co's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Campbell Soup Co's Receivables Turnover falls into.
Campbell Soup Co Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
Campbell Soup Co's Receivables Turnover for the fiscal year that ended in Jul. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Campbell Soup Co (NYSE:CPB) Receivables Turnover Explanation
An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.
Campbell Soup Co Receivables Turnover Related Terms
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Campbell Soup Co (Campbell Soup Co) Business Description
With a history that dates back around 150 years, Campbell Soup is now a leading manufacturer and marketer of branded convenience food products, most notably soup. The firm's product assortment includes well-known brands like Campbell's, Pace, Prego, Swanson, V8, and Pepperidge Farm. Following the sale of its international snacking operations in calendar 2019, the firm derives nearly all of its sales from the United States. Campbell has made a handful of acquisitions to reshape its product mix in the past several years, including the tie-up with Snyder's-Lance in March 2018, which enhanced its exposure to the faster-growing on-trend snack food aisle, complementing its Pepperidge Farm lineup.
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