ConAgra Foods Inc (CAG)
Receivables turnover
| May 31, 2025 | May 31, 2024 | May 26, 2024 | May 31, 2023 | May 28, 2023 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 11,612,800 | 12,050,900 | 11,624,600 | 12,277,000 | 11,852,600 |
| Receivables | US$ in thousands | 770,000 | 871,800 | 871,800 | 952,800 | 952,800 |
| Receivables turnover | 15.08 | 13.82 | 13.33 | 12.89 | 12.44 |
May 31, 2025 calculation
Receivables turnover = Revenue ÷ Receivables
= $11,612,800K ÷ $770,000K
= 15.08
The receivables turnover ratio for ConAgra Foods Inc. demonstrates a consistent improving trend over the period under review. As of May 28, 2023, the ratio was recorded at 12.44, indicating that the company was generating approximately 12.44 accounts receivable turnovers within a year. Moving forward to May 31, 2023, this increased to 12.89, reflecting a marginal enhancement in the efficiency of receivables collection.
The most notable growth is observed by May 26, 2024, when the ratio reached 13.33. This suggests that ConAgra Foods Inc. improved its receivables management, turning over receivables approximately 13.33 times annually. The upward trend continues to May 31, 2024, with the ratio further rising to 13.82, signifying ongoing effectiveness in receivables collection processes.
By May 31, 2025, the receivables turnover ratio increased to 15.08, marking the highest value within the observed period. This indicates a substantial improvement, with the company now receiving payments from customers and converting receivables into cash approximately 15.08 times per year.
Overall, the progressive increase in the receivables turnover ratio over the specified period suggests that ConAgra Foods Inc. has been enhancing its collection efficiency. A higher ratio typically signifies quicker collection cycles, reduced days sales outstanding (DSO), and potentially improved cash flow management, which are positive indicators of operational efficiency and liquidity management.
Peer comparison
May 31, 2025