Cal-Maine Foods Inc (CALM)
Payables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 2,016,138 | 2,070,415 | 2,122,776 | 2,155,897 | 2,184,201 | 1,629,266 | 1,474,943 | 1,328,120 | 1,205,287 | 1,205,284 | 1,078,214 | 972,111 | 876,500 | 1,208,280 | 1,192,477 | 1,185,747 | 1,172,021 | 1,108,015 | 1,113,807 | 1,117,165 |
| Payables | US$ in thousands | 75,862 | 95,610 | 98,144 | — | 82,590 | — | — | — | 82,049 | — | — | — | 52,784 | — | — | — | 55,904 | — | — | — |
| Payables turnover | 26.58 | 21.65 | 21.63 | — | 26.45 | — | — | — | 14.69 | — | — | — | 16.61 | — | — | — | 20.96 | — | — | — |
June 1, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $2,016,138K ÷ $75,862K
= 26.58
The payables turnover ratio for Cal-Maine Foods Inc has shown fluctuations over the past several quarters.
The ratio was at its highest in Q1 of 2024, indicating that the company paid off its accounts payable 26.58 times during that quarter. This may be a positive sign as it suggests that the company is efficiently managing its payables and paying its suppliers in a timely manner.
However, in some quarters such as Q3 of 2023 and Q1 of 2023, the payables turnover ratio was not available (—), indicating either a lack of data or a significant change in the company's payables management practices during those periods.
Overall, it is important for Cal-Maine Foods Inc to monitor its payables turnover ratio consistently to ensure effective management of its working capital and relationships with its suppliers.