Cal-Maine Foods Inc (CALM)

Cal-Maine Foods Inc's number of days of payables has shown a fluctuating trend over the past five years. In the most recent period ending on June 1, 2024, the company took an average of 13.73 days to pay its suppliers, which indicates efficient management of its accounts payable. This represents a slight improvement compared to the prior year's figure of 13.80 days.

Looking back, the company's number of days of payables was higher in May 28, 2022, at 18.25 days, suggesting a delay in settling its obligations to suppliers during that period. However, Cal-Maine Foods Inc was able to reduce this number to 14.00 days on May 29, 2021, indicating a more timely payment strategy.

Overall, the decreasing trend in the number of days of payables over the years reflects the company's efforts to manage its cash flow efficiently and maintain good relationships with its suppliers by settling its payables in a timely manner.