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Hormel Foods Corp's account receivable for the three months ended in Jul. 2016 was $565 Mil. Hormel Foods Corp's revenue for the three months ended in Jul. 2016 was $2,302 Mil. Hence, Hormel Foods Corp's days sales outstanding for the three months ended in Jul. 2016 was 22.39.
During the past 13 years, Hormel Foods Corp's highest Days Sales Outstanding was 23.88. The lowest was 20.80. And the median was 22.00.
Hormel Foods Corp's days sales outstanding declined from Jul. 2015 (22.89) to Jul. 2016 (22.39).
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. 2015 is calculated as
Hormel Foods Corp's Days Sales Outstanding for the quarter that ended in Jul. 2016 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