ConAgra Foods Inc (CAG)
Days of sales outstanding (DSO)
| May 26, 2024 | May 28, 2023 | May 29, 2022 | May 30, 2021 | May 31, 2020 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 13.33 | 12.44 | 12.91 | 13.58 | 12.26 | |
| DSO | days | 27.37 | 29.34 | 28.28 | 26.88 | 29.78 |
May 26, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 13.33
= 27.37
The days of sales outstanding (DSO) ratio for ConAgra Foods Inc has shown a fluctuating trend over the past five years. In 2024, the DSO stood at 27.37 days, indicating that on average, it takes the company approximately 27 days to collect its accounts receivable.
Comparing this figure to the previous years, we observe a slight improvement from 2023 when DSO was 29.34 days. This suggests that ConAgra has become more efficient in collecting receivables over the past year.
However, the DSO ratio in 2024 is still higher than in 2021 when it was 26.88 days, which implies that ConAgra took slightly longer to collect its receivables in the most recent year.
Overall, the DSO ratio for ConAgra Foods Inc has demonstrated variability over the analyzed period, with the company displaying relative effectiveness in managing its accounts receivable in 2024 compared to the prior year.
Peer comparison
May 26, 2024