Days Inventory is also known as Days Sales of Inventory (DSI). Hormel Foods's Average Total Inventories for the
three
months ended in Jan. 2024 was $1,629 Mil. Hormel Foods's Cost of Goods Sold for the
three
months ended in Jan. 2024 was $2,488 Mil.
Hence, Hormel Foods's Days Inventory for the
three
months ended in Jan. 2024 was 59.75.
The historical rank and industry rank for Hormel Foods's Days Inventory or its related term are showing as below:
HRL'
s Days Inventory Range Over the Past 10 Years
Min: 45.46 Med: 48.79 Max: 61.31
Current: 61.09
During the past 13 years, Hormel Foods's highest Days Inventory was 61.31. The lowest was 45.46. And the median was 48.79.
HRL's Days Inventory is ranked better than 66.54% of 1787
companies
in the Consumer Packaged Goods industry
Industry Median: 82.23
vs HRL: 61.09
Hormel Foods's Days Inventory
declined
from Jan. 2023 (63.53) to Jan. 2024 (59.75).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Hormel Foods's Inventory Turnover for the
three
months 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
three
months ended in Jan. 2024 was 0.54.
Hormel Foods Days Inventory Historical Data
The historical data trend for Hormel Foods's Days 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.
Competitive Comparison of Hormel Foods's Days Inventory
For the Packaged Foods subindustry, Hormel Foods's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Hormel Foods's Days Inventory Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Hormel Foods's Days Inventory distribution charts can be found below:
* The bar in red indicates where Hormel Foods's Days Inventory falls into.
Hormel Foods Days Inventory Calculation
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 fiscal year that ended in Oct. 2023 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 (NYSE:HRL) Days Inventory Explanation
Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:
1. Inventory Turnover measures how fast the company turns over its inventory within a year.
Hormel Foods's Inventory Turnover for the
three
months ended in Jan. 2024 is calculated as
2. 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
three
months 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.
Be Aware
A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.
Hormel Foods Days Inventory Related Terms
Thank you for viewing the detailed overview of Hormel Foods's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
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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