Hormel Foods's average Accounts Receivable for the
three
months ended in Jan. 2024 was $784 Mil. Hormel Foods's Revenue for the
three
months ended in Jan. 2024 was $2,997 Mil.
Hence, Hormel Foods's Days Sales Outstanding for the
three
months ended in Jan. 2024 was 23.88.
The historical rank and industry rank for Hormel Foods's Days Sales Outstanding or its related term are showing as below:
HRL'
s Days Sales Outstanding Range Over the Past 10 Years
Min: 22.58 Med: 24.01 Max: 25.83
Current: 23.48
During the past 13 years, Hormel Foods's highest Days Sales Outstanding was 25.83. The lowest was 22.58. And the median was 24.01.
HRL's Days Sales Outstanding is ranked better than 74.08% of 1840
companies
in the Consumer Packaged Goods industry
Industry Median: 39.085
vs HRL: 23.48
Hormel Foods's Days Sales Outstanding
declined
from Jan. 2023 (25.41) to Jan. 2024 (23.88).
Hormel Foods Days Sales Outstanding Historical Data
The historical data trend for Hormel Foods's Days Sales Outstanding 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 Sales Outstanding
For the Packaged Foods subindustry, Hormel Foods's Days Sales Outstanding, along with its competitors' market caps and Days Sales Outstanding 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 Sales Outstanding Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Hormel Foods's Days Sales Outstanding distribution charts can be found below:
* The bar in red indicates where Hormel Foods's Days Sales Outstanding falls into.
Hormel Foods Days Sales Outstanding Calculation
Days Sales Outstanding measures 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 Receivable are being managed.
* 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 Sales Outstanding Explanation
For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.
Hormel Foods Days Sales Outstanding Related Terms
Thank you for viewing the detailed overview of Hormel Foods's Days Sales Outstanding 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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