ConAgra Foods Inc (CAG)
Days of sales outstanding (DSO)
| May 31, 2024 | May 26, 2024 | May 31, 2023 | May 28, 2023 | May 31, 2022 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | — | 13.33 | — | 12.44 | — | |
| DSO | days | — | 27.37 | — | 29.34 | — |
May 31, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ —
= —
Based on the provided data for ConAgra Foods Inc, it appears that the Days of Sales Outstanding (DSO) has fluctuated over the years:
- In May 28, 2023, the DSO was 29.34 days, indicating that on average, it took the company approximately 29.34 days to collect its accounts receivable.
- In May 26, 2024, the DSO improved to 27.37 days, suggesting a potential enhancement in the company's accounts receivable collection efficiency.
- There is missing data for May 31, 2022, May 31, 2023, and May 31, 2024, which limits the ability to provide a comprehensive trend analysis over the entire period.
Overall, while there seems to be some variability in ConAgra Foods Inc's DSO, a trend towards a lower number of days to collect accounts receivable in recent years may indicate improved efficiency in managing their accounts receivable turnover. It is important to consider additional financial information and industry benchmarks to evaluate the company's performance effectively.
Peer comparison
May 31, 2024