Hormel Foods's change in inventory for the quarter that ended in Jan. 2024 was $104 Mil. It means Hormel Foods's inventory
declined by $104 Mil
from Oct. 2023 to Jan. 2024 .
Hormel Foods's change in inventory for the fiscal year that ended in Oct. 2023 was $36 Mil. It means Hormel Foods's inventory
declined by $36 Mil
from Oct. 2022 to Oct. 2023 .
Hormel Foods's Total Inventories for the quarter that ended in Jan. 2024 was $1,578 Mil.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Hormel Foods's Days Inventory for the quarter that ended in Jan. 2024 was 59.75.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Hormel Foods's Inventory Turnover for the quarter that ended in Jan. 2024 was 1.53.
Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
Hormel Foods's Inventory-to-Revenue for the quarter that ended in Jan. 2024 was 0.54.
Hormel Foods Change In Inventory Historical Data
The historical data trend for Hormel Foods's Change In Inventory can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.
Change In Inventory for the trailing twelve months (TTM) ended in Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $151 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Hormel Foods (NYSE:HRL) Change In Inventory Explanation
1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Hormel Foods's Days Inventory for the quarter that ended in is calculated as:
3. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
Hormel Foods's Inventory to Revenue for the quarter that ended in Jan. 2024 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Hormel Foods Change In Inventory Related Terms
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Historically meat-focused, Hormel Foods broadened its lineup to include other protein offerings and become a branded food company. The firm sells its wares through multiple channels, including U.S. retail (64% of fiscal 2023 sales), U.S. food service (30%), and international (6%). By product, 53% of fiscal 2022 sales were from perishable food, 27% from shelf-stable, 17% from poultry, and 3% from other products. Major brands include Hormel, Spam, Jennie-O, Columbus, Applegate, Planters, and Skippy. Many of these hold the number one or two market share in their respective categories.
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