ConAgra Foods Inc (CAG)
Payables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 12,241,200 | 11,070,800 | 11,098,800 | 11,097,400 | 12,000,500 | 11,386,000 | 11,334,900 | 11,211,200 | 10,235,200 | 10,201,700 | 9,972,100 | 9,789,200 | 9,671,900 | 10,209,900 | 10,075,300 | 10,006,400 | 10,033,800 | 9,352,300 | 9,457,600 | 9,257,400 |
| Payables | US$ in thousands | 1,493,700 | 1,418,000 | 1,474,600 | 1,534,600 | 1,525,500 | 1,563,900 | 1,596,300 | 1,851,300 | 1,864,600 | 1,593,900 | 1,596,900 | 1,674,400 | 1,655,900 | 1,442,700 | 1,598,100 | 1,523,300 | 1,507,100 | 1,357,400 | 1,441,600 | 1,316,900 |
| 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 |
May 26, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $12,241,200K ÷ $1,493,700K
= 8.20
ConAgra Foods Inc's payables turnover ratio has fluctuated over the observed periods. The payables turnover ratio measures how efficiently a company is managing its accounts payable by comparing the amount of purchases made on credit to the average accounts payable during the period.
The data shows that ConAgra Foods Inc had a payables turnover ratio ranging from a low of 5.49 to a high of 8.20. Generally, a higher payables turnover ratio indicates that the company is paying its suppliers more frequently, which can be a sign of good liquidity management. On the other hand, a lower ratio may suggest that the company is taking longer to pay its suppliers, potentially straining supplier relationships or indicating cash flow issues.
ConAgra Foods Inc's payables turnover has shown some variability, which could be due to changes in the company's payment terms with suppliers, fluctuations in purchasing volume, or adjustments in working capital management strategies. Further analysis would be needed to understand the specific factors influencing these changes and assess the overall efficiency of the company's accounts payable management.
Peer comparison
May 26, 2024