Conagra Brands (CAG) Change in Receivables (2009 - 2024)
Conagra Brands' (CAG) quarterly Change in Receivables came in at -$51.7 million in Q2 2024, down 1057.41% year-on-year from $5.4 million in Q2 2023, and up 6.51% quarter-over-quarter from -$55.3 million in Q1 2024.
Conagra Brands (CAG) Change in Receivables (2009 - 2024) Analysis & Trends
Conagra Brands' Change in Receivables history runs 16 years deep, the most recent figure standing at -$51.7 million for Q2 2024.
- On a quarterly basis, Change in Receivables fell 1057.41% year-over-year to -$51.7 million in Q2 2024; TTM through May 2024 was -$77.2 million, a 175.61% decrease from a year earlier, with the FY2026 full-year figure at -$35.0 million, up 79.86% from the prior year.
- Change in Receivables improved to -$51.7 million in Q2 2024 per CAG's latest filing, from -$55.3 million in the prior quarter.
- Across five years, Change in Receivables topped out at $142.8 million in Q4 2021 and bottomed at -$106.8 million in Q1 2021.
- The 5-year median for Change in Receivables is -$21.1 million (2021), against an average of -$3.1 million.
- Across the five-year window, Change in Receivables soared 180.83% in 2023 and plunged 1057.41% in 2024, its largest moves.
- Year by year, Change in Receivables stood at $140.7 million in 2020, then increased by 1.49% to $142.8 million in 2021, then slipped by 12.61% to $124.8 million in 2022, then sank by 85.02% to $18.7 million in 2023, then tumbled by 376.47% to -$51.7 million in 2024.
- Per Business Quant, the three latest CAG Change in Receivables figures stand at -$51.7 million (Q2 2024), -$55.3 million (Q1 2024), and $18.7 million (Q4 2023).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Receivables (Qtr) |
|---|---|---|---|---|---|
| 1 | Kraft Heinz | 30.05 Bn | 26.07 Bn | 2.22 Bn | 73.00 Mn |
| 2 | General Mills | 19.11 Bn | 18.67 Bn | 1.60 Bn | -56.20 Mn |
| 3 | Hormel Foods | 13.78 Bn | 12.93 Bn | 518.51 Mn | 26.91 Mn |
| 4 | Mccormick | 13.51 Bn | 13.76 Bn | 778.20 Mn | -110.70 Mn |
| 5 | Magnum Ice Cream | 10.87 Bn | 10.35 Bn | - | -1.76 Bn |
| 6 | Smithfield Foods | 10.26 Bn | 8.88 Bn | 511.00 Mn | - |
| 7 | Darling Ingredients | 10.06 Bn | 10.02 Bn | 404.92 Mn | -7.51 Mn |
| 8 | Conagra Brands | 6.88 Bn | 6.66 Bn | 704.10 Mn | - |
| 9 | Lamb Weston Holdings | 6.84 Bn | 6.78 Bn | 361.40 Mn | 33.30 Mn |
| 10 | Pilgrims Pride | 6.64 Bn | 6.11 Bn | 345.49 Mn | -74.29 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| May 26, 2024 | -51.70 Mn |
| May 26, 2024 | -51.70 Mn |
| Feb 25, 2024 | -55.30 Mn |
| Feb 25, 2024 | -55.30 Mn |
| Nov 26, 2023 | 18.70 Mn |
| Nov 26, 2023 | 18.70 Mn |
| Aug 27, 2023 | 11.10 Mn |
| Aug 27, 2023 | 11.10 Mn |
| May 28, 2023 | 5.40 Mn |
| May 28, 2023 | 5.40 Mn |
| Feb 26, 2023 | 50.60 Mn |
| Feb 26, 2023 | 50.60 Mn |
| Nov 27, 2022 | 124.80 Mn |
| Nov 27, 2022 | 124.80 Mn |
| Aug 28, 2022 | -78.70 Mn |
| Aug 28, 2022 | -78.70 Mn |
| May 29, 2022 | -51.20 Mn |
| May 29, 2022 | -51.20 Mn |
| Feb 27, 2022 | -62.60 Mn |
| Feb 27, 2022 | -62.60 Mn |