ConAgra Foods Inc (CAG)
Number of days of payables
| May 26, 2024 | Feb 25, 2024 | Nov 26, 2023 | Aug 27, 2023 | May 28, 2023 | Feb 26, 2023 | Nov 27, 2022 | Aug 28, 2022 | May 29, 2022 | Feb 27, 2022 | Nov 28, 2021 | Aug 29, 2021 | May 30, 2021 | Feb 28, 2021 | Nov 29, 2020 | Aug 30, 2020 | May 31, 2020 | Feb 23, 2020 | Nov 24, 2019 | Aug 25, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 8.20 | 7.81 | 7.53 | 7.23 | 7.87 | 7.28 | 7.10 | 6.06 | 5.49 | 6.40 | 6.24 | 5.85 | 5.84 | 7.08 | 6.30 | 6.57 | 6.66 | 6.89 | 6.56 | 7.03 | |
| Number of days of payables | days | 44.54 | 46.75 | 48.49 | 50.47 | 46.40 | 50.13 | 51.40 | 60.27 | 66.49 | 57.03 | 58.45 | 62.43 | 62.49 | 51.58 | 57.89 | 55.56 | 54.82 | 52.98 | 55.64 | 51.92 |
May 26, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.20
= 44.54
The number of days of payables for ConAgra Foods Inc has exhibited some fluctuations over the analyzed period. It ranged between a low of 44.54 days to a high of 66.49 days. The average number of days of payables during this period was approximately 54.62 days.
This analysis indicates that ConAgra Foods Inc takes an average of 54.62 days to pay its creditors. A lower number of days of payables suggests that the company is paying its suppliers more quickly, which may indicate strong liquidity or good relationships with suppliers. Conversely, a higher number of days of payables may indicate that the company is taking longer to pay its suppliers, potentially impacting supplier relationships or suggesting challenges in managing working capital efficiently.
It is essential for investors and analysts to monitor changes in the number of days of payables to understand the company's payment behavior and its impact on cash flow and working capital management.
Peer comparison
May 26, 2024