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GuruFocus has detected 3 Warning Signs with Conagra Brands Inc $CAG.
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Conagra Brands Inc (NYSE:CAG)
Days Payable
46.30 (As of Feb. 2017)

Conagra Brands Inc's payable for the three months ended in Feb. 2017 was $690 Mil. Conagra Brands Inc's cost of goods sold for the three months ended in Feb. 2017 was $1,360 Mil. Hence, Conagra Brands Inc's days payable for the three months ended in Feb. 2017 was 46.30.

CAG' s Days Payable Range Over the Past 10 Years
Min: 29.51   Max: 55.27
Current: 29.51

29.51
55.27

During the past 13 years, Conagra Brands Inc's highest Days Payable was 55.27. The lowest was 29.51. And the median was 40.80.

CAG's Days Payable is ranked lower than
68% of the 1040 Companies
in the Global Packaged Foods industry.

( Industry Median: 45.51 vs. CAG: 29.51 )

Conagra Brands Inc's days payable declined from Feb. 2016 (58.22) to Feb. 2017 (46.30). It may suggest that Conagra Brands Inc accelerated paying its suppliers.


Definition

Days Payable indicates the number of days that the account payable relative to revenue the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Conagra Brands Inc's Days Payable for the fiscal year that ended in May. 2016 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=945.4/8552.1*365
=40.35

Conagra Brands Inc's Days Payable for the quarter that ended in Feb. 2017 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=690.1/1360.2*365 / 4
=46.30

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Conagra Brands Inc Annual Data

May07May08May09May10May11May12May13May14May15May16
DaysPayable 34.7632.4230.6237.4741.7141.2554.1255.2743.5040.35

Conagra Brands Inc Quarterly Data

Nov14Feb15May15Aug15Nov15Feb16May16Aug16Nov16Feb17
DaysPayable 45.9855.6742.5050.4564.5258.2222.7646.6249.6646.30
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