Cal-Maine Foods Inc (CALM)

The data on Cal-Maine Foods Inc.'s number of days of payables over the specified periods indicates notable fluctuations within the accounting and operational cycles. Initial observations from August 2022 show inconsistent reporting, with some periods marked as unavailable or not applicable ("— days"), while others reflect a payables period of approximately 51.66 days—relatively lengthy compared to subsequent periods.

Moving into late 2022 and early 2023, there is a clear decline in the number of days payable, with figures dropping from 51.66 days in August 2022 (although a blank entry for the same date suggests incomplete data) to approximately 28.78 days by November 2022, and further decreasing to 23.50 days at the end of February 2023. This trend indicates the company was increasingly settling its liabilities more promptly during this period.

From mid-2023 onward, the data displays continued variation but on a generally shorter timeline, with the payables days dropping to as low as approximately 13.87 days in June 2023. The subsequent periods show some fluctuation: August 2023 reports 21.56 days, while late 2023 and early 2024 reflect near-normal levels ranging from about 17.75 to 20.38 days. Notably, there is an upward movement in late 2024 and early 2025, reaching approximately 26.58 days in February 2025, before tapering to around 15.30 days in May 2025.

Overall, the trend suggests Cal-Maine Foods Inc. has been managing its accounts payable more efficiently over time, reducing the average days outstanding from peaks of over 50 days in late 2022 to generally below 20 days from late 2023 onwards. The fluctuations could be attributed to changes in supplier terms, cash flow management strategies, or operational considerations over the analyzed periods.