ConAgra Foods Inc (CAG)
Payables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 8,609,300 | 8,635,700 | 10,952,600 | 10,778,300 | 11,299,000 | 11,559,500 | 9,885,200 | 9,792,000 | 9,659,700 | 9,488,100 | 9,992,000 | 10,158,800 | 10,319,100 | 10,519,800 | 10,014,500 | 9,950,800 | 10,693,600 | 10,499,600 | 10,390,400 | 10,422,900 |
| Payables | US$ in thousands | 1,590,100 | 1,421,400 | 1,571,700 | 1,537,700 | 1,493,700 | 1,493,700 | 1,418,000 | 1,418,000 | 1,474,600 | 1,474,600 | 1,534,600 | 1,534,600 | 1,525,500 | 1,525,500 | 1,563,900 | 1,563,900 | 1,596,300 | 1,596,300 | 1,851,300 | 1,851,300 |
| 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 |
May 31, 2025 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $8,609,300K ÷ $1,590,100K
= 5.41
The analysis of ConAgra Foods Inc's payables turnover from the provided data reveals a trend of fluctuations over the recent fiscal periods. The payables turnover ratio, which indicates how many times a company pays off its suppliers during a period, ranged from a low of approximately 5.41 in May 2025 to a high of about 7.74 in May 2024.
Earlier in the period, the ratio was relatively steady, hovering around 5.63 to 5.61 in August 2022. Moving into late 2022, the ratio increased steadily, reaching 6.58 in November 2022 and then slightly rising to 6.70 by the end of that month. Reinforcing this upward trend, the ratio continued to grow through early 2023, reaching 6.36 in February 2023 and slightly improving to 6.40 later that month.
The most notable increase occurs in mid-2024, with the ratio peaking at approximately 7.74 in May 2024, indicative of a period where the company may have taken longer to pay its suppliers or possibly extended its payment terms. This peak was followed by a slight decline but remained relatively high, maintaining ratios above 7 in the subsequent quarters. The ratio then decreased to about 6.08 in February 2025 and further declined to 5.41 by the end of May 2025, suggesting a trend towards faster payments or a shortening of payment periods.
Overall, the data points to a general upward trend in payables turnover throughout the period leading up to mid-2024, which could imply tighter management of accounts payable or changes in payment practices. The subsequent decline indicates a shift toward more frequent or quicker payments to suppliers, potentially reflecting cash flow management strategies or operational adjustments. This pattern underscores the dynamic nature of supplier payment policies and their impact on the company's liquidity and working capital management.
Peer comparison
May 31, 2025