Cal-Maine Foods Inc (CALM)

The data indicates that Cal-Maine Foods Inc's cash conversion cycle (CCC) has displayed fluctuations over the reported periods from May 2023 to May 2025. Specifically, as of May 31, 2023, the CCC was 59.50 days, which decreased to 55.45 days by June 3, 2023. This initial decline suggests an improvement in the company's liquidity management, possibly reflecting faster inventory turnover or more efficient accounts receivable collection.

However, this positive trend reversed in the subsequent year, with the CCC increasing to 63.51 days as of May 31, 2024, and slightly decreasing again to 59.15 days by June 1, 2024. The overall rise from the 2023 figure indicates a lengthening of the cycle, which could be attributed to slower inventory turnover, extended receivables, or delays in account payables, impacting the company's cash flow flexibility.

In the following year, the CCC experienced a notable reduction to 52.79 days as of May 31, 2025. This decrease signifies a more efficient operating cycle, potentially driven by improvements in inventory management, receivable collection, or payables management. The overall trend suggests that Cal-Maine Foods Inc has been able to optimize its working capital efficiency over this period, reducing the time between cash outflows and inflows.

In summary, while there was some short-term fluctuation, the overall trend from May 2023 through May 2025 points toward a gradual improvement in the company's cash conversion cycle, which enhances its liquidity position and operational efficiency over time.