ConAgra Foods Inc (CAG)

Receivables turnover

		May 26, 2024	Feb 25, 2024	Nov 26, 2023	Aug 27, 2023	May 28, 2023	Feb 26, 2023	Nov 27, 2022	Aug 28, 2022	May 29, 2022	Feb 27, 2022	Nov 28, 2021	Aug 29, 2021	May 30, 2021	Feb 28, 2021	Nov 29, 2020	Aug 30, 2020	May 31, 2020	Feb 23, 2020	Nov 24, 2019	Aug 25, 2019
Revenue (ttm)	US$ in thousands	11,624,600	11,673,000	11,720,500	11,853,600	11,852,800	11,826,400	11,689,900	11,443,000	11,195,600	11,037,300	10,884,000	10,800,600	10,792,500	11,412,500	11,168,300	10,980,600	10,678,400	10,003,700	10,149,100	9,754,600
Receivables	US$ in thousands	871,800	916,500	974,100	971,500	952,800	960,000	910,500	788,600	867,400	914,500	977,200	834,400	793,900	841,400	948,500	807,800	860,800	854,200	947,600	776,300
Receivables turnover		13.33	12.74	12.03	12.20	12.44	12.32	12.84	14.51	12.91	12.07	11.14	12.94	13.59	13.56	11.77	13.59	12.41	11.71	10.71	12.57

May 26, 2024 calculation

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

The receivables turnover ratio for ConAgra Foods Inc has exhibited some fluctuations over the past few quarters, ranging from a low of 10.71 to a high of 14.51. This ratio measures the efficiency with which the company collects its outstanding accounts receivable during a specific period.

A higher receivables turnover ratio typically indicates that the company is collecting its receivables more quickly, which can be a positive sign of financial health and effective credit management. Conversely, a lower ratio may suggest potential issues with collecting payments from customers in a timely manner.

Overall, ConAgra Foods Inc's receivables turnover ratio has generally remained within a relatively consistent range, indicating a steady performance in terms of accounts receivable management. It would be important to monitor any significant deviations from the historical trend to assess the company's financial operations and liquidity management.