ConAgra Foods Inc (CAG)
Number of days of payables
| May 26, 2024 | May 28, 2023 | May 29, 2022 | May 30, 2021 | May 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 8.22 | 7.87 | 5.61 | 5.94 | 6.80 | |
| Number of days of payables | days | 44.41 | 46.38 | 65.02 | 61.44 | 53.69 |
May 26, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.22
= 44.41
The number of days of payables for ConAgra Foods Inc has fluctuated over the past five years. It decreased from 53.69 days in May 2020 to 44.41 days in May 2024, indicating that the company has been able to pay its suppliers faster. This could suggest improved efficiency in managing payables or negotiating more favorable payment terms with suppliers. However, it is important to note that the number of days of payables was higher in May 2022 and May 2021, reaching 65.02 days and 61.44 days respectively, which may indicate delays in settling supplier invoices during those periods. Overall, monitoring this metric over time can provide insights into ConAgra Foods Inc's working capital management and vendor relationships.
Peer comparison
May 26, 2024