ConAgra Foods Inc (CAG)

Days of sales outstanding (DSO)

		May 31, 2025	Feb 28, 2025	Nov 30, 2024	Aug 31, 2024	May 31, 2024	May 26, 2024	Feb 29, 2024	Feb 25, 2024	Nov 30, 2023	Nov 26, 2023	Aug 31, 2023	Aug 27, 2023	May 31, 2023	May 28, 2023	Feb 28, 2023	Feb 26, 2023	Nov 30, 2022	Nov 27, 2022	Aug 31, 2022	Aug 28, 2022
Receivables turnover		15.08	15.24	13.65	12.36	13.38	13.72	13.36	13.22	12.33	12.09	11.89	12.07	12.47	12.82	13.11	12.92	13.46	13.01	14.53	14.54
DSO	days	24.20	23.94	26.73	29.53	27.29	26.60	27.32	27.61	29.59	30.18	30.71	30.23	29.28	28.46	27.85	28.26	27.13	28.05	25.12	25.10

May 31, 2025 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 15.08
= 24.20

The analysis of ConAgra Foods Inc.'s days of sales outstanding (DSO) over the specified period reveals several notable trends and patterns.

Initially, the DSO figures from August 2022 through early November 2022 fluctuated slightly around the 25 to 28-day range, indicating relatively consistent receivables collection periods during this timeframe. Specifically, the DSO increased modestly from 25.10 days in late August 2022 to 28.05 days in late November 2022, representing a slight elongation in the time taken to collect receivables.

From late November 2022 through February 2023, the DSO stabilized around the 27.85 to 28.26-day mark, suggesting a period of relative consistency in receivables management. However, starting from May 2023, a gradual upward trend is observed, with the DSO reaching its peak at around 30.23 to 30.71 days in August 2023, indicating a lengthening of the receivables collection cycle by approximately 4-5 days compared to previous periods.

Following this peak, a gradual decline is noted, with the DSO decreasing to approximately 29.53 days in August 2024 and further down to about 26.73 days in November 2024. This reduction suggests an improvement in receivables collection efficiency during this period.

Looking into early 2025, the DSO appears to have further decreased, reaching approximately 23.94 days by February 2025. This represents a significant improvement relative to the earlier peaks, implying that receivables are being collected more swiftly, with the DSO approaching levels closer to the initial periods observed in late 2022.

Overall, the data indicates periods of divergence and convergence in collecting receivables, with an initial stability, a mid-term elongation, and subsequent improvement. These fluctuations likely reflect changes in the company's credit policies, customer payment behaviors, or external market conditions affecting collection cycles. The reduction in DSO in early 2025 suggests enhanced receivables management and operational efficiencies in the latter part of the period analyzed.