Campbell Soup Company

NYSE CPB

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Campbell Soup Company Accounts Payable Turnover Ratio for the quarter ending January 31, 2024: 1.88

Campbell Soup Company Accounts Payable Turnover Ratio is 1.88 for the quarter ending January 31, 2024, a 4.06% change year over year. The accounts payable turnover ratio measures the number of times a company pays off its accounts payable during a specific period. It is calculated by dividing the company's revenue by its accounts payable. This ratio indicates how efficiently a company manages its outstanding payments to suppliers and vendors. A higher turnover ratio suggests that the company is paying off its obligations quickly, while a lower ratio may indicate a slower payment process or potential liquidity issues.

Campbell Soup Company Accounts Payable Turnover Ratio for the quarter ending January 31, 2023 was 1.81, a -4.86% change year over year.
Campbell Soup Company Accounts Payable Turnover Ratio for the quarter ending January 31, 2022 was 1.90, a -14.42% change year over year.
Campbell Soup Company Accounts Payable Turnover Ratio for the quarter ending January 31, 2021 was 2.22, a -5.17% change year over year.
Campbell Soup Company Accounts Payable Turnover Ratio for the quarter ending January 31, 2020 was 2.34, a -19.71% change year over year.

NYSE: CPB

Campbell Soup Company

CEO	Mr. Mark A. Clouse
IPO Date	July 1, 1985
Location	United States
Headquarters	1 Campbell Place, Camden, NJ, United States, 08103-1799
Employees	14,500
Sector	Consumer Defensive
Industry	Packaged foods

Description

Campbell Soup Company, together with its subsidiaries, manufactures and markets food and beverage products in the United States and internationally. The company operates through Meals & Beverages and Snacks segments. The Meals & Beverages segment engages in the retail and foodservice businesses in the United States and Canada. This segment provides Campbell's condensed and ready-to-serve soups; Swanson broth and stocks; Pacific Foods broth, soups, and non-dairy beverages; Prego pasta sauces; Pace Mexican sauces; Campbell's gravies, pasta, beans, and dinner sauces; Swanson canned poultry; V8 juices and beverages; Campbell's tomato juice; and snacking products in foodservice in Canada. The Snacks segment retails Pepperidge Farm cookies, crackers, fresh bakery, and frozen products, that includes Goldfish crackers, Snyder's of Hanover pretzels, Lance sandwich crackers, Cape Cod and Kettle Brand potato chips, Late July snacks, Snack Factory pretzel crisps, Pop Secret popcorn, and other snacking products. This segment is also involved in the retail business in Latin America. It sells its products through retail food chains, mass discounters and merchandisers, club stores, convenience stores, drug stores, and dollar stores, as well as e-commerce and other retail, commercial, and non-commercial establishments, and independent contractor distributors. The company was founded in 1869 and is headquartered in Camden, New Jersey.

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