Cal-Maine Foods Inc (CALM)

The payables turnover ratios for Cal-Maine Foods Inc over the specified periods indicate a relatively stable level of efficiency in managing accounts payable obligations. As of May 31, 2023, the ratio stood at 23.61, reflecting the number of times the company settled its accounts payable within a fiscal year. This ratio slightly increased to 26.45 by June 3, 2023, suggesting a marginal acceleration in the turnover of payables during this short interval.

By May 31, 2024, the ratio slightly decreased to 23.53, aligning closely with the previous year's figure, yet still maintaining the overall historical range. A subsequent increase to 26.58 on June 1, 2024, indicates a brief period of expedited payments or a change in the purchasing or credit terms. Finally, the ratio at May 31, 2025, reached 23.86, indicating a modest rise from the May 2024 figures but remaining within a narrow band of approximately 23.5 to 26.6.

Overall, the fluctuations in the payables turnover ratio suggest that Cal-Maine Foods Inc's payment practices have been fairly consistent over the analyzed periods, with minor variations likely driven by operational, credit policy adjustments, or seasonal factors. The stability of the ratios implies a balanced approach to managing supplier credit terms and cash flow, aligning with industry norms for companies operating in the agricultural and food distribution sectors.