Hormel Foods's total inventories for the quarter that ended in Jan. 2024 was $1,578 Mil. Hormel Foods's average total inventories from the quarter that ended in Oct. 2023 to the quarter that ended in Jan. 2024 was $1,629 Mil.
In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Hormel Foods's Net-Net Working Capital per share for the quarter that ended in Jan. 2024 was $-6.09.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Hormel Foods's Days Inventory for the
three
months ended in Jan. 2024 was 59.75.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Hormel Foods's Inventory Turnover for the quarter that ended in Jan. 2024 was 1.53.
Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
Hormel Foods's Inventory-to-Revenue for the quarter that ended in Jan. 2024 was 0.54.
Hormel Foods Total Inventories Historical Data
The historical data trend for Hormel Foods's Total Inventories 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.
Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.
Hormel Foods (NYSE:HRL) Total Inventories Explanation
Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.
1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.
Hormel Foods's Net-Net Working Capital Per Share for the quarter that ended in Jan. 2024 is
4. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
Hormel Foods's Inventory to Revenue for the quarter that ended in Jan. 2024 is calculated as
* 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.
Be Aware
Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.
When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.
Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.
Hormel Foods Total Inventories Related Terms
Thank you for viewing the detailed overview of Hormel Foods's Total Inventories 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.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
HRL has been successfully added to your 