ConAgra Foods Inc (CAG)
Payables turnover
| 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 | May 31, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 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 | 10,500,600 | 10,391,400 | 10,423,900 | 9,630,000 |
| 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 | — |
| Payables turnover | — | — | — | — | 7.74 | — | 6.91 | — | 6.43 | — | 6.62 | — | 6.90 | — | 6.36 | — | 6.58 | — | 5.63 | — |
February 28, 2025 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $8,635,700K ÷ $—K
= —
The payables turnover ratio measures how efficiently a company manages its accounts payable by comparing the amount of purchases made on credit to the average accounts payable balance. A higher payables turnover ratio indicates that the company is paying its suppliers more quickly.
Looking at the historical data for ConAgra Foods Inc's payables turnover ratio, we observe fluctuations in the ratio over the periods provided. From August 2022 to May 2024, the payables turnover ratio ranged from 5.63 to 7.74, with the highest value recorded in May 2024.
Overall, the trend shows that ConAgra Foods Inc has been effectively managing its accounts payable turnover during the period analyzed. The company has shown consistency in paying its suppliers promptly, with a general upward trend in the ratio, which signifies efficient management of accounts payable. However, the absence of data for certain periods limits a comprehensive analysis of the trend over time.
It is essential for investors and analysts to monitor the payables turnover ratio over multiple periods to assess the company's ability to maintain good relationships with suppliers and effectively manage its working capital.
Peer comparison
Feb 28, 2025