ConAgra Price to Sales Ratio vs Inventory Turnover Analysis

CAG Stock  USD 29.49  0.58  2.01%   
ConAgra Foods financial indicator trend analysis is way more than just evaluating ConAgra Foods prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ConAgra Foods is a good investment. Please check the relationship between ConAgra Foods Price To Sales Ratio and its Inventory Turnover accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ConAgra Foods. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
For more detail on how to invest in ConAgra Stock please use our How to Invest in ConAgra Foods guide.

Price To Sales Ratio vs Inventory Turnover

Price to Sales Ratio vs Inventory Turnover Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ConAgra Foods Price to Sales Ratio account and Inventory Turnover. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between ConAgra Foods' Price to Sales Ratio and Inventory Turnover is -0.58. Overlapping area represents the amount of variation of Price to Sales Ratio that can explain the historical movement of Inventory Turnover in the same time period over historical financial statements of ConAgra Foods, assuming nothing else is changed. The correlation between historical values of ConAgra Foods' Price to Sales Ratio and Inventory Turnover is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Price to Sales Ratio of ConAgra Foods are associated (or correlated) with its Inventory Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory Turnover has no effect on the direction of Price to Sales Ratio i.e., ConAgra Foods' Price to Sales Ratio and Inventory Turnover go up and down completely randomly.

Correlation Coefficient

-0.58
Relationship DirectionNegative 
Relationship StrengthVery Weak

Price To Sales Ratio

Price to Sales Ratio is figured by comparing ConAgra Foods stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on ConAgra Foods sales, a figure that is much harder to manipulate than other ConAgra Foods multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company’s stock price to its revenues, calculated by dividing the company’s market cap by its total sales or revenue over a 12-month period.

Inventory Turnover

A ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management.
Most indicators from ConAgra Foods' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ConAgra Foods current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ConAgra Foods. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
For more detail on how to invest in ConAgra Stock please use our How to Invest in ConAgra Foods guide.The current Selling General Administrative is estimated to decrease to about 2.1 B. The current Discontinued Operations is estimated to decrease to about (1.8 M)
 2021 2022 2023 2024 (projected)
Gross Profit2.8B3.3B3.8B3.3B
Total Revenue11.5B12.3B11.0B12.7B

ConAgra Foods fundamental ratios Correlations

0.890.090.840.780.690.880.73-0.050.880.49-0.050.560.790.930.69-0.010.240.970.670.560.410.940.590.720.74
0.890.150.730.850.691.00.79-0.060.970.56-0.060.580.760.850.69-0.060.330.910.610.60.580.90.50.590.65
0.090.150.020.060.130.190.12-0.670.13-0.41-0.670.28-0.170.150.190.290.00.130.230.06-0.090.260.4-0.13-0.14
0.840.730.020.720.670.730.73-0.110.750.58-0.110.50.750.670.740.030.130.790.630.580.670.680.550.650.68
0.780.850.060.720.440.860.94-0.220.950.78-0.220.270.920.580.51-0.360.420.690.530.320.730.760.440.580.68
0.690.690.130.670.440.690.55-0.010.60.13-0.010.90.490.750.940.58-0.240.780.720.950.320.570.340.680.67
0.881.00.190.730.860.690.8-0.120.970.55-0.120.580.760.840.7-0.060.330.90.620.590.590.90.520.580.65
0.730.790.120.730.940.550.8-0.310.890.72-0.310.360.90.540.58-0.120.090.660.590.410.730.660.30.730.81
-0.05-0.06-0.67-0.11-0.22-0.01-0.12-0.31-0.130.081.0-0.03-0.010.08-0.190.04-0.050.03-0.290.14-0.2-0.09-0.330.10.06
0.880.970.130.750.950.60.970.89-0.130.68-0.130.450.870.780.62-0.190.370.850.610.490.640.890.50.630.71
0.490.56-0.410.580.780.130.550.720.080.680.08-0.160.830.250.15-0.580.330.380.220.030.770.420.080.480.58
-0.05-0.06-0.67-0.11-0.22-0.01-0.12-0.311.0-0.130.08-0.03-0.010.08-0.190.04-0.050.03-0.290.14-0.2-0.09-0.330.10.06
0.560.580.280.50.270.90.580.36-0.030.45-0.16-0.030.240.690.880.65-0.190.680.650.940.130.490.430.430.41
0.790.76-0.170.750.920.490.760.9-0.010.870.83-0.010.240.580.47-0.260.210.690.470.340.70.680.250.760.84
0.930.850.150.670.580.750.840.540.080.780.250.080.690.580.70.210.140.980.640.660.160.930.540.660.65
0.690.690.190.740.510.940.70.58-0.190.620.15-0.190.880.470.70.46-0.080.760.760.920.410.570.50.560.57
-0.01-0.060.290.03-0.360.58-0.06-0.120.04-0.19-0.580.040.65-0.260.210.46-0.740.150.310.63-0.33-0.08-0.10.260.17
0.240.330.00.130.42-0.240.330.09-0.050.370.33-0.05-0.190.210.14-0.08-0.740.17-0.02-0.230.30.360.55-0.37-0.28
0.970.910.130.790.690.780.90.660.030.850.380.030.680.690.980.760.150.170.680.680.350.930.560.70.71
0.670.610.230.630.530.720.620.59-0.290.610.22-0.290.650.470.640.760.31-0.020.680.640.250.610.640.520.52
0.560.60.060.580.320.950.590.410.140.490.030.140.940.340.660.920.63-0.230.680.640.250.450.30.540.53
0.410.58-0.090.670.730.320.590.73-0.20.640.77-0.20.130.70.160.41-0.330.30.350.250.250.290.170.30.43
0.940.90.260.680.760.570.90.66-0.090.890.42-0.090.490.680.930.57-0.080.360.930.610.450.290.630.580.6
0.590.50.40.550.440.340.520.3-0.330.50.08-0.330.430.250.540.5-0.10.550.560.640.30.170.630.00.01
0.720.59-0.130.650.580.680.580.730.10.630.480.10.430.760.660.560.26-0.370.70.520.540.30.580.00.98
0.740.65-0.140.680.680.670.650.810.060.710.580.060.410.840.650.570.17-0.280.710.520.530.430.60.010.98
Click cells to compare fundamentals

ConAgra Foods Account Relationship Matchups

ConAgra Foods fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets22.3B22.2B22.4B22.1B25.4B14.0B
Short Long Term Debt Total9.7B9.0B9.0B9.2B10.6B11.2B
Other Current Liab915.2M919.8M762.6M753.9M678.5M897.1M
Total Current Liabilities3.3B3.3B3.5B4.4B4.0B2.7B
Total Stockholder Equity8.0B8.6B8.9B8.8B10.1B10.6B
Property Plant And Equipment Net2.4B2.6B2.7B2.8B3.2B2.8B
Net Debt9.2B8.9B8.9B9.1B10.5B11.0B
Retained Earnings5.5B6.3B6.6B6.6B7.6B8.0B
Cash553.3M79.2M83.3M93.9M108.0M102.6M
Non Current Assets Total19.4B19.5B19.4B18.7B21.5B22.5B
Non Currrent Assets Other1.3B1.4B1.5B1.5B1.7B1.8B
Cash And Short Term Investments553.3M79.2M83.3M93.9M108.0M102.6M
Net Receivables860.8M793.9M867.4M965.4M868.9M879.9M
Common Stock Shares Outstanding488.6M487.8M482.2M480.7M552.8M496.5M
Liabilities And Stockholders Equity22.3B22.2B22.4B22.1B25.4B14.0B
Non Current Liabilities Total11.1B10.3B10.1B8.8B10.1B5.8B
Inventory1.4B1.7B1.9B2.2B2.0B1.8B
Other Current Assets93.9M95M116.3M93.7M84.3M80.1M
Other Stockholder Equity(332.1M)(558.2M)(598.5M)(739.4M)(665.5M)(632.2M)
Total Liab14.4B13.6B13.6B13.2B15.2B9.5B
Property Plant And Equipment Gross2.4B2.6B5.9B2.8B3.2B2.9B
Total Current Assets2.9B2.7B3.0B3.4B3.0B3.3B
Accumulated Other Comprehensive Income(109.6M)5.8M(11.2M)(44.4M)(51.1M)(53.6M)
Short Term Debt846.6M730.5M891.6M2.2B2.5B2.6B
Intangible Assets4.3B4.2B3.9B3.2B3.7B2.6B
Accounts Payable1.5B1.7B1.9B1.5B1.4B1.2B
Other Liab2.0B2.0B1.8B2.0B2.3B1.4B
Other Assets101.7M323.6M1.5B311.8M358.6M340.6M
Long Term Debt8.9B8.3B8.1B7.1B8.1B5.9B
Good Will11.4B11.4B11.3B11.2B12.9B6.6B
Treasury Stock(2.8B)(2.7B)(3.0B)(3.0B)(2.7B)(2.8B)
Property Plant Equipment2.4B2.8B2.7B2.8B2.5B2.3B
Noncontrolling Interest In Consolidated Entity74.6M79.6M74.5M70.5M81.1M71.8M
Retained Earnings Total Equity5.5B6.3B6.6B6.6B7.6B4.8B
Net Tangible Assets(7.9B)(7.0B)(6.3B)8.7B7.9B8.3B

ConAgra Foods Investors Sentiment

The influence of ConAgra Foods' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in ConAgra. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to ConAgra Foods' public news can be used to forecast risks associated with an investment in ConAgra. The trend in average sentiment can be used to explain how an investor holding ConAgra can time the market purely based on public headlines and social activities around ConAgra Foods. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
ConAgra Foods' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for ConAgra Foods' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average ConAgra Foods' news discussions. The higher the estimated score, the more favorable is the investor's outlook on ConAgra Foods.

ConAgra Foods Implied Volatility

    
  52.3  
ConAgra Foods' implied volatility exposes the market's sentiment of ConAgra Foods stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if ConAgra Foods' implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that ConAgra Foods stock will not fluctuate a lot when ConAgra Foods' options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards ConAgra Foods in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, ConAgra Foods' short interest history, or implied volatility extrapolated from ConAgra Foods options trading.

Pair Trading with ConAgra Foods

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if ConAgra Foods position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in ConAgra Foods will appreciate offsetting losses from the drop in the long position's value.

Moving against ConAgra Stock

  0.49BOF BranchOut Food CommonPairCorr
The ability to find closely correlated positions to ConAgra Foods could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ConAgra Foods when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ConAgra Foods - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ConAgra Foods to buy it.
The correlation of ConAgra Foods is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ConAgra Foods moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ConAgra Foods moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for ConAgra Foods can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether ConAgra Foods is a strong investment it is important to analyze ConAgra Foods' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact ConAgra Foods' future performance. For an informed investment choice regarding ConAgra Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ConAgra Foods. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
For more detail on how to invest in ConAgra Stock please use our How to Invest in ConAgra Foods guide.
Note that the ConAgra Foods information on this page should be used as a complementary analysis to other ConAgra Foods' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.

Complementary Tools for ConAgra Stock analysis

When running ConAgra Foods' price analysis, check to measure ConAgra Foods' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ConAgra Foods is operating at the current time. Most of ConAgra Foods' value examination focuses on studying past and present price action to predict the probability of ConAgra Foods' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ConAgra Foods' price. Additionally, you may evaluate how the addition of ConAgra Foods to your portfolios can decrease your overall portfolio volatility.
Theme Ratings
Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance
Odds Of Bankruptcy
Get analysis of equity chance of financial distress in the next 2 years
Portfolio Holdings
Check your current holdings and cash postion to detemine if your portfolio needs rebalancing
CEOs Directory
Screen CEOs from public companies around the world
Aroon Oscillator
Analyze current equity momentum using Aroon Oscillator and other momentum ratios
Instant Ratings
Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance
Financial Widgets
Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets
Investing Opportunities
Build portfolios using our predefined set of ideas and optimize them against your investing preferences
Is ConAgra Foods' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ConAgra Foods. If investors know ConAgra will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ConAgra Foods listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.24)
Dividend Share
1.36
Earnings Share
2.05
Revenue Per Share
25.459
Quarterly Revenue Growth
(0.03)
The market value of ConAgra Foods is measured differently than its book value, which is the value of ConAgra that is recorded on the company's balance sheet. Investors also form their own opinion of ConAgra Foods' value that differs from its market value or its book value, called intrinsic value, which is ConAgra Foods' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ConAgra Foods' market value can be influenced by many factors that don't directly affect ConAgra Foods' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ConAgra Foods' value and its price as these two are different measures arrived at by different means. Investors typically determine if ConAgra Foods is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ConAgra Foods' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.