ConAgra Foods Inc (CAG)

Receivables turnover

		May 26, 2024	May 28, 2023	May 29, 2022	May 30, 2021	May 31, 2020
Revenue	US$ in thousands	11,624,600	11,852,600	11,195,600	10,778,800	10,550,500
Receivables	US$ in thousands	871,800	952,800	867,400	793,900	860,800
Receivables turnover		13.33	12.44	12.91	13.58	12.26

May 26, 2024 calculation

Receivables turnover = Revenue ÷ Receivables
= $11,624,600K ÷ $871,800K
= 13.33

The receivables turnover ratio for ConAgra Foods Inc has shown a fluctuating trend over the past five years, ranging from 12.26 to 13.58. This ratio indicates how efficiently the company is able to collect outstanding receivables from its customers during a given period. A higher turnover ratio generally suggests that the company is efficient in converting its credit sales into cash.

In the most recent fiscal year (ending May 26, 2024), the receivables turnover ratio stood at 13.33, showcasing a slight improvement compared to the previous year's ratio of 12.44. This indicates that ConAgra Foods Inc was able to collect receivables more quickly in the latest period.

Overall, the company's receivables turnover ratios in recent years have been relatively stable, reflecting a consistent ability to manage its accounts receivable efficiently. However, it would be beneficial for further analysis to compare this ratio with industry benchmarks or with the company's historical performance to gain a more comprehensive understanding of ConAgra Foods Inc's receivables management effectiveness.