ConAgra Foods Inc (CAG)
Number of days of payables
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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Payables turnover | 5.41 | 6.08 | 6.97 | 7.01 | 7.56 | 7.74 | 6.97 | 6.91 | 6.55 | 6.43 | 6.51 | 6.62 | 6.76 | 6.90 | 6.40 | 6.36 | 6.70 | 6.58 | 5.61 | 5.63 | |
Number of days of payables | days | 67.41 | 60.08 | 52.38 | 52.07 | 48.25 | 47.16 | 52.36 | 52.86 | 55.72 | 56.73 | 56.06 | 55.14 | 53.96 | 52.93 | 57.00 | 57.36 | 54.49 | 55.49 | 65.03 | 64.83 |
May 31, 2025 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.41
= 67.41
The analysis of ConAgra Foods Inc.'s days of payables over the observed period reveals some notable trends. The data indicates fluctuations in the average number of days the company takes to settle its payables, with values ranging from a minimum of approximately 47.16 days in May 2024 to a maximum of approximately 67.41 days in May 2025.
Initially, the payables days decreased from around 64.83 days in August 2022 to a low of approximately 52.93 days in May 2023, suggesting an improvement in the company's payment efficiency or a strategic effort to pay suppliers more promptly during this period. Subsequently, the payables days exhibit a relatively stable pattern with slight fluctuations, generally remaining within the 52 to 56-day range from mid-2023 through early 2024.
However, there is a significant upward shift observed in the latter part of the data. In February 2025, the days of payables increase to approximately 60.08 days, and further escalate to about 67.41 days by May 2025. This upward trend could indicate a deliberate extension of payment terms, potentially aiming to optimize working capital, or may reflect changes or strains in the company's liquidity management.
Overall, the variation in payables days suggests that ConAgra Foods Inc. has adjusted its payment practices over time, with periods of both more prompt payments and extended payment durations. The extended payables period towards the end of the period warrants further analysis to understand the underlying factors, such as strategic supplier negotiations, liquidity considerations, or changing industry payment norms.
Peer comparison
May 31, 2025