Cal-Maine Foods Inc (CALM)
Days of sales outstanding (DSO)
| May 31, 2025 | Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | Jun 1, 2024 | May 31, 2024 | Mar 2, 2024 | Feb 29, 2024 | Dec 2, 2023 | Nov 30, 2023 | Sep 2, 2023 | Aug 31, 2023 | Jun 3, 2023 | May 31, 2023 | Feb 28, 2023 | Feb 25, 2023 | Nov 30, 2022 | Nov 26, 2022 | Aug 31, 2022 | Aug 27, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 15.65 | 8.87 | 9.51 | 9.83 | 16.59 | 15.91 | 10.00 | 9.01 | 9.94 | 10.73 | 14.47 | 17.81 | 18.05 | 18.65 | 14.43 | 13.08 | 9.58 | 8.90 | 11.36 | 10.54 | |
| DSO | days | 23.33 | 41.16 | 38.38 | 37.12 | 22.00 | 22.94 | 36.49 | 40.49 | 36.73 | 34.00 | 25.22 | 20.50 | 20.23 | 19.57 | 25.29 | 27.91 | 38.10 | 41.03 | 32.13 | 34.63 |
May 31, 2025 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 15.65
= 23.33
The provided data indicates fluctuations in Cal-Maine Foods Inc.'s days of sales outstanding (DSO) over the observed periods, with values ranging from approximately 19.57 days to 41.16 days.
During the initial period captured in late August 2022, the DSO was approximately 34.63 days, which gradually decreased to a low of around 19.57 days by late May 2023. This decline suggests an improvement in the company's collection efficiency or potentially a shift in credit policy favoring faster receivables turnover during this timeframe.
From June 2023 onward, the DSO remained relatively stable, fluctuating slightly around the 20-day mark, with a brief uptick to 25.22 days in early September 2023. Following this, the DSO increased again, reaching approximately 34 days in late November 2023, and subsequently peaking at about 41.16 days by late February 2025.
The overall trend reflects periods of both improvement and deterioration in receivables management. The reduction in DSO during mid-2023 may indicate enhanced collection efforts or favorable credit terms. Conversely, the subsequent increase toward early 2025 suggests a lengthening of receivable collection periods, possibly pointing to loosened credit policies, increased sales on extended terms, or challenges in receivables collection.
These variations imply that Cal-Maine Foods Inc. experiences cyclical or strategic adjustments affecting receivables collection times, and monitoring these shifts is essential for assessing liquidity and operational efficiency over time.