Days Inventory is also known as Days Sales of Inventory (DSI). Conagra Brands's Average Total Inventories for the
three
months ended in Feb. 2024 was $2,211 Mil. Conagra Brands's Cost of Goods Sold for the
three
months ended in Feb. 2024 was $2,174 Mil.
Hence, Conagra Brands's Days Inventory for the
three
months ended in Feb. 2024 was 92.78.
The historical rank and industry rank for Conagra Brands's Days Inventory or its related term are showing as below:
CAG'
s Days Inventory Range Over the Past 10 Years
Min: 62.61 Med: 73.62 Max: 100.75
Current: 94.12
During the past 13 years, Conagra Brands's highest Days Inventory was 100.75. The lowest was 62.61. And the median was 73.62.
CAG's Days Inventory is ranked worse than 56.8% of 1787
companies
in the Consumer Packaged Goods industry
Industry Median: 82.23
vs CAG: 94.12
Conagra Brands's Days Inventory
declined
from Feb. 2023 (94.49) to Feb. 2024 (92.78).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Conagra Brands's Inventory Turnover for the
three
months ended in Feb. 2024 was 0.98.
Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
Conagra Brands's Inventory-to-Revenue for the
three
months ended in Feb. 2024 was 0.73.
Conagra Brands Days Inventory Historical Data
The historical data trend for Conagra Brands's Days Inventory can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Conagra Brands's Days Inventory
For the Packaged Foods subindustry, Conagra Brands's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Conagra Brands's Days Inventory Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Conagra Brands's Days Inventory distribution charts can be found below:
* The bar in red indicates where Conagra Brands's Days Inventory falls into.
Conagra Brands Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Conagra Brands's Days Inventory for the fiscal year that ended in May. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Conagra Brands (NYSE:CAG) Days Inventory Explanation
Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:
1. Inventory Turnover measures how fast the company turns over its inventory within a year.
Conagra Brands's Inventory Turnover for the
three
months ended in Feb. 2024 is calculated as
2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
Conagra Brands's Inventory to Revenue for the
three
months ended in Feb. 2024 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Be Aware
A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.
Conagra Brands Days Inventory Related Terms
Thank you for viewing the detailed overview of Conagra Brands's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Conagra Brands (Conagra Brands) Business Description
Conagra Brands is a packaged food company that operates predominantly in the United States (over 90% of revenue and profits). Most of its revenue comes from frozen food, including brands like Marie Callender's, Healthy Choice, Banquet, and Birds Eye. Conagra also sells snacks, shelf-stable staples, and refrigerated food through brands like Duncan Hines, Hunt's, Slim Jim, Vlasic, Orville Redenbacher's, Reddi-wip, Wish-Bone, and Chef Boyardee. The company primarily sells through the U.S. retail channel, with just 8% of fiscal 2023 revenue coming from international markets and 9% from foodservice.
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