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Hormel Foods Corp's quarterly accounts payable & accrued expense increased from Jul. 2015 ($895 Mil) to Oct. 2015 ($1,029 Mil) but then declined from Oct. 2015 ($1,029 Mil) to Jan. 2016 ($1,020 Mil).
Hormel Foods Corp's annual accounts payable & accrued expense increased from Oct. 2013 ($784 Mil) to Oct. 2014 ($955 Mil) and increased from Oct. 2014 ($955 Mil) to Oct. 2015 ($1,029 Mil).
Accounts payable & accrued expense usually includes accounts payable, accrued compensation and related benefits, etc.
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
|Accounts Payable & Accrued Expense||395||452||528||503||564||778||786||784||955||1,029|
Hormel Foods Corp Quarterly Data
|Accounts Payable & Accrued Expense||784||825||752||785||955||937||870||895||1,029||1,020|