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Hormel Foods Corp's account receivable for the three months ended in Apr. 2014 was $530 Mil. Hormel Foods Corp's revenue for the three months ended in Apr. 2014 was $2,245 Mil. Hence, Hormel Foods Corp's days sales outstanding for the three months ended in Apr. 2014 was 21.48.
Hormel Foods Corp's days sales outstanding increased from Apr. 2013 (20.27) to Apr. 2014 (21.48).
Days sales outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.
Account receivable can be measured by Days Sales Outstanding.
Hormel Foods Corp's Days Sales Outstanding for the fiscal year that ended in Oct. 2013 is calculated as
Hormel Foods Corp's Days Sales Outstanding for the quarter that ended in Apr. 2014 is calculated as:
For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.
Hormel Foods Corp Annual Data
Hormel Foods Corp Quarterly Data