ConAgra Foods Inc (CAG)
Number of days of payables
| May 31, 2024 | May 26, 2024 | May 31, 2023 | May 28, 2023 | May 31, 2022 | ||
|---|---|---|---|---|---|---|
| Payables turnover | — | 8.22 | — | 7.87 | — | |
| Number of days of payables | days | — | 44.41 | — | 46.38 | — |
May 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ —
= —
The analysis of ConAgra Foods Inc's number of days of payables shows a consistent trend over the period under consideration. There was no data available for the number of days of payables on May 31, 2022, and May 31, 2023. However, on May 28, 2023, the company had 46.38 days of payables, indicating that it took approximately 46 days to pay off its suppliers during that period. The number of days of payables decreased slightly to 44.41 days on May 26, 2024, reflecting a more efficient management of payables. Overall, the trend suggests that ConAgra Foods Inc improved its payment efficiency between May 2023 and May 2024.
Peer comparison
May 31, 2024