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Hormel Foods Corp (NYSE:HRL)
Days Payable
23.72 (As of Oct. 2015)

Hormel Foods Corp's payable for the three months ended in Oct. 2015 was $495 Mil. Hormel Foods Corp's cost of goods sold for the three months ended in Oct. 2015 was $1,906 Mil. Hence, Hormel Foods Corp's days payable for the three months ended in Oct. 2015 was 23.72.

HRL' s Days Payable Range Over the Past 10 Years
Min: 19.26   Max: 24.27
Current: 24.25

19.26
24.27

During the past 13 years, Hormel Foods Corp's highest Days Payable was 24.27. The lowest was 19.26. And the median was 22.13.

HRL's Days Payable is ranked lower than
75% of the 1062 Companies
in the Global Packaged Foods industry.

( Industry Median: 43.24 vs. HRL: 24.25 )

Hormel Foods Corp's days payable increased from Oct. 2014 (20.83) to Oct. 2015 (23.72). It may suggest that Hormel Foods Corp delayed paying its suppliers.


Definition

Days Payable indicates the number of days that the account payable relative to revenue the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Hormel Foods Corp's Days Payable for the fiscal year that ended in Oct. 2015 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=495.317/7455.282*365
=24.25

Hormel Foods Corp's Days Payable for the quarter that ended in Oct. 2015 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=495.317/1905.828*365 / 4
=23.72

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Related Terms

Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Hormel Foods Corp Annual Data

Oct06Oct07Oct08Oct09Oct10Oct11Oct12Oct13Oct14Oct15
DaysPayable 22.7022.2224.2721.0422.0421.7120.4219.2622.7924.25

Hormel Foods Corp Quarterly Data

Jul13Oct13Jan14Apr14Jul14Oct14Jan15Apr15Jul15Oct15
DaysPayable 18.4518.2417.5616.5917.0120.8319.0619.3520.2023.72
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