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Hormel Foods Corp (NYSE:HRL)
Days Payable
14.44 (As of Jul. 2014)

Hormel Foods Corp's payable for the three months ended in Jul. 2014 was $362 Mil. Hormel Foods Corp's revenue for the three months ended in Jul. 2014 was $2,285 Mil. Hence, Hormel Foods Corp's days payable for the three months ended in Jul. 2014 was 14.44.

Hormel Foods Corp's days payable declined from Jul. 2013 (17.88) to Jul. 2014 (14.44). It may suggest that Hormel Foods Corp accelerated 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. 2013 is calculated as

Days Payable=Payable/Revenue*Days in Period
=395.921/8751.654*365
=16.51

Hormel Foods Corp's Days Payable for the quarter that ended in Jul. 2014 is calculated as:

Days Payable=Payable/Revenue*Days in Period
=362.48/2284.947*91
=14.44

* 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

Oct04Oct05Oct06Oct07Oct08Oct09Oct10Oct11Oct12Oct13
DaysPayable 15.5417.2017.2417.1522.8420.3020.6320.0117.3316.51

Hormel Foods Corp Quarterly Data

Apr12Jul12Oct12Jan13Apr13Jul13Oct13Jan14Apr14Jul14
DaysPayable 16.5215.3016.3817.5215.5417.8815.5117.1313.9214.44
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