Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
Hormel Foods's operating assets for the quarter that ended in Jan. 2024 was $12,531 Mil. Hormel Foods's operating liabilities for the quarter that ended in Jan. 2024 was $2,353 Mil. Hormel Foods's Total Assets for the quarter that ended in Oct. 2023 was $13,449 Mil. Therefore, Hormel Foods's scaled net operating assets (SNOA) for the quarter that ended in Jan. 2024 was 0.76.
Hormel Foods Scaled Net Operating Assets Historical Data
The historical data trend for Hormel Foods's Scaled Net Operating Assets 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.
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Hormel Foods Annual Data
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Trend |
Oct14 |
Oct15 |
Oct16 |
Oct17 |
Oct18 |
Oct19 |
Oct20 |
Oct21 |
Oct22 |
Oct23 |
| Scaled Net Operating Assets |
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|
|
|
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0.67 |
0.74 |
0.98 |
0.78 |
0.77 |
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Hormel Foods Quarterly Data
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Apr19 |
Jul19 |
Oct19 |
Jan20 |
Apr20 |
Jul20 |
Oct20 |
Jan21 |
Apr21 |
Jul21 |
Oct21 |
Jan22 |
Apr22 |
Jul22 |
Oct22 |
Jan23 |
Apr23 |
Jul23 |
Oct23 |
Jan24 |
| Scaled Net Operating Assets |
|
|
|
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|
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|
|
|
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0.77 |
0.78 |
0.78 |
0.77 |
0.76 |
Competitive Comparison
For the Packaged Foods subindustry, Hormel Foods's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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 Scaled Net Operating Assets Distribution
For the Consumer Packaged Goods industry and Consumer Defensive sector, Hormel Foods's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where Hormel Foods's Scaled Net Operating Assets falls into.
Hormel Foods Scaled Net Operating Assets Calculation
Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
Hormel Foods's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Oct. 2023 is calculated as
| Scaled Net Operating Assets (SNOA) | | (A: Oct. 2023 ) |
| = | (Operating Assets (A: Oct. 2023 ) | - | Operating Liabilities (A: Oct. 2023 )) | / | Total Assets (A: Oct. 2022 ) |
| = | (12695.576 | - | 2400.539) | / | 13306.919 |
| = | 0.77 |
where
Hormel Foods's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jan. 2024 is calculated as
| Scaled Net Operating Assets (SNOA) | | (Q: Jan. 2024 ) |
| = | (Operating Assets (Q: Jan. 2024 ) | - | Operating Liabilities (Q: Jan. 2024 )) | / | Total Assets (Q: Oct. 2023 ) |
| = | (12531.059 | - | 2353.21) | / | 13448.772 |
| = | 0.76 |
where
* 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 (Hormel Foods) Business Description
Traded in Other Exchanges
Address
1 Hormel Place, Austin, MN, USA, 55912-3680
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.
Executives
| Susan K Nestegard |
director |
AMERICAN CAPITAL, LTD., 2 BETHESDA METRO, 14TH FLOOR, BETHESDA MD 20814 |
| Kevin L Myers |
officer: Vice President |
1 HORMEL PLACE, AUSTIN MN 55912 |
| Deanna T Brady |
officer: Vice President |
1 HORMEL STREET, AUSTIN MN 55912 |
| Elsa A Murano |
director |
1 HORMEL PLACE, AUSTIN MN 55912-3680 |
| Pierre M Lilly |
officer: SVP & Chief Compliance Officer |
1 HORMEL PLACE, AUSTIN MN 55912 |
| Mark J Ourada |
officer: Group Vice President |
1 HORMEL PLACE, AUSTIN MN 55912 |
| Mark A Coffey |
officer: Vice President |
1 HORMEL PLACE, AUSTIN MN 55912 |
| Prado Becerra Jose Luis |
director |
50 S. LASALLE STREET, CHICAGO IL 60603 |
| Ray G Young |
director |
77 WEST WACKER DR., SUITE 4600, CHICAGO IL 60601 |
| Michael Paul Zechmeister |
director |
C/O UNITED NATURAL FOODS, INC., 313 IRON HORSE WAY, PROVIDENCE RI 02908 |
| Patrick J Connor |
officer: Vice President |
1 HORMEL PLACE, AUSTIN MN 55912 |
| James P Snee |
officer: Vice President |
1 HORMEL PLACE, AUSTIN MN 55912 |
| Katherine M Losness-larson |
officer: Senior Vice President |
1 HORMEL PLACE, AUSTIN MN 55912 |
| Florence Makope |
officer: Vice President and Treasurer |
1 HORMEL PLACE, AUSTIN MN 55912 |
| Christopher J. Policinski |
director |
4001 LEXINGTON AVENUE N., ARDEN HILLS MN 55126 |
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