Cal-Maine Foods Inc (CALM)
Number of days of payables
| Jun 1, 2024 | Mar 2, 2024 | Dec 2, 2023 | Sep 2, 2023 | Jun 3, 2023 | Feb 25, 2023 | Nov 26, 2022 | Aug 27, 2022 | May 28, 2022 | Feb 26, 2022 | Nov 27, 2021 | Aug 28, 2021 | May 29, 2021 | Feb 27, 2021 | Nov 28, 2020 | Aug 29, 2020 | May 30, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 26.58 | 21.65 | 21.63 | — | 26.45 | — | — | — | 14.69 | — | — | — | 16.61 | — | — | — | 20.96 | — | — | — | |
| Number of days of payables | days | 13.73 | 16.86 | 16.88 | — | 13.80 | — | — | — | 24.85 | — | — | — | 21.98 | — | — | — | 17.41 | — | — | — |
June 1, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 26.58
= 13.73
The number of days of payables for Cal-Maine Foods Inc has shown some variability over the past few quarters. As of June 1, 2024, the company takes approximately 13.73 days to pay its payables, which indicates a relatively efficient management of its accounts payable. Comparing this to the previous quarter, where it took around 16.86 days to pay its payables on March 2, 2024, we see a decrease in the number of days taken to settle its obligations.
However, the lack of data for some quarters limits our ability to track a consistent trend. Overall, the company's management of payables appears to be efficient, with fluctuations observed in the timeframe for settling its obligations. This aspect should be monitored in conjunction with other financial metrics to assess the company's overall financial health and liquidity position.