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Hormel Foods Corp's quarterly accounts payable increased from Jul. 2014 ($785 Mil) to Oct. 2014 ($955 Mil) but then declined from Oct. 2014 ($955 Mil) to Jan. 2015 ($937 Mil).
Hormel Foods Corp's annual accounts payable declined from Oct. 2012 ($786 Mil) to Oct. 2013 ($784 Mil) but then increased from Oct. 2013 ($784 Mil) to Oct. 2014 ($955 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 Corp Annual Data
Hormel Foods Corp Quarterly Data