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Hormel Foods Corporation's quarterly accounts payable declined from Jul. 2013 ($789 Mil) to Oct. 2013 ($784 Mil) but then increased from Oct. 2013 ($784 Mil) to Jan. 2014 ($825 Mil).
Hormel Foods Corporation's annual accounts payable increased from Oct. 2011 ($778 Mil) to Oct. 2012 ($786 Mil) but then declined from Oct. 2012 ($786 Mil) to Oct. 2013 ($784 Mil).
Accounts payable is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.
It is part of the current portion of the liabilities (due within one year or within the normal operating cycle if longer) reflected on the balace sheet of the company. A higher Accounts Payable means lower Working Capital needed to operate the business.
* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.
Hormel Foods Corporation Annual Data
Hormel Foods Corporation Quarterly Data