ConAgra Foods Inc (CAG)

Receivables turnover

		May 31, 2025	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
Revenue (ttm)	US$ in thousands	11,612,800	11,736,900	11,700,100	11,537,900	11,661,100	11,963,300	12,243,900	12,115,000	12,014,400	11,779,600	11,547,400	11,729,900	11,878,000	12,217,600	12,582,900	12,400,700	12,251,800	11,848,900	11,457,200	11,466,600
Receivables	US$ in thousands	770,000	769,900	856,900	933,400	871,800	871,800	916,500	916,500	974,100	974,100	971,500	971,500	952,800	952,800	960,000	960,000	910,500	910,500	788,600	788,600
Receivables turnover		15.08	15.24	13.65	12.36	13.38	13.72	13.36	13.22	12.33	12.09	11.89	12.07	12.47	12.82	13.11	12.92	13.46	13.01	14.53	14.54

May 31, 2025 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $11,612,800K ÷ $770,000K
= 15.08

The receivables turnover ratio for ConAgra Foods Inc. exhibits fluctuating trends over the analyzed period. Starting from approximately 14.54 in late August 2022, the ratio shows a slight decline through subsequent periods, reaching around 12.07 by late August 2023. This indicates a decrease in the efficiency of collecting accounts receivable over this span.

Between late August 2023 and early 2024, the ratio demonstrates a modest upward movement, reaching approximately 13.36 in late February 2024. Continuing into mid-2024, the ratio further improves to about 13.72, suggesting some enhancement in receivables collection processes. However, the ratio remains below the initial August 2022 levels.

From late 2024 into early 2025, there is a notable increase in the ratio, surpassing previous highs and reaching approximately 15.24 by late February 2025. This uptick implies an improvement in collection efficiency and possibly tighter credit policies or faster receivables turnover.

Overall, the pattern indicates an initial slight decline in receivables turnover over the first year, followed by a gradual recovery and eventual improvement approaching and exceeding earlier levels by early 2025. This evolution reflects varying degrees of collection efficiency, with recent data suggesting a more effective receivables management compared to earlier periods.