ConAgra Foods Inc (CAG)
Receivables turnover
| May 31, 2024 | May 26, 2024 | May 31, 2023 | May 28, 2023 | May 31, 2022 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 12,050,900 | 11,624,600 | 12,277,000 | 11,852,600 | 11,535,900 |
| Receivables | US$ in thousands | — | 871,800 | — | 952,800 | — |
| Receivables turnover | — | 13.33 | — | 12.44 | — |
May 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $12,050,900K ÷ $—K
= —
The receivables turnover ratio for ConAgra Foods Inc fluctuated over the past few years. In May 28, 2023, the ratio was 12.44, indicating that the company collected its accounts receivable approximately 12.44 times within that year. The ratio increased to 13.33 in May 26, 2024. The absence of data for May 31, 2022 and May 31, 2023 makes it challenging to identify consistent trends in the efficiency of ConAgra's accounts receivable management. It would be beneficial to monitor this ratio over time to assess the company's effectiveness in collecting payments from customers.
Peer comparison
May 31, 2024
Company name
Symbol
Receivables turnover
ConAgra Foods Inc
CAG
—
B&G Foods Inc
BGS
10.65
Bellring Brands LLC
BRBR
9.06
Campbell Soup Company Common Stock
CPB
—
Flowers Foods Inc
FLO
—
Mondelez International Inc
MDLZ
7.57
Simply Good Foods Co
SMPL
8.83
The Hain Celestial Group Inc
HAIN
9.37