ConAgra Foods Inc (CAG)
Working capital 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 |
| Total current assets | US$ in thousands | 3,149,500 | 3,149,500 | 3,385,000 | 3,385,000 | 3,033,700 |
| Total current liabilities | US$ in thousands | 3,241,800 | 3,241,800 | 4,440,700 | 4,440,700 | 3,518,800 |
| Working capital turnover | — | — | — | — | — |
May 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $12,050,900K ÷ ($3,149,500K – $3,241,800K)
= —
The working capital turnover ratio for ConAgra Foods Inc does not appear to be available or provided in the data for the years ending May 31, 2022, May 28, 2023, May 31, 2023, May 26, 2024, and May 31, 2024. Without the specific values for working capital turnover, it is challenging to assess the efficiency of ConAgra's working capital management over the specified periods. Working capital turnover is a crucial ratio that helps evaluate how effectively a company is using its working capital to generate sales revenue. A higher working capital turnover ratio indicates efficient utilization of working capital in supporting sales growth. Conversely, a lower ratio might suggest that the company is not effectively managing its working capital. In the absence of the actual data, a detailed analysis or comparison of ConAgra Foods Inc's working capital turnover performance cannot be provided.
Peer comparison
May 31, 2024