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Hormel Foods Accounts Receivable

: $574 Mil (As of Oct. 2019)
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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Hormel Foods's accounts receivables for the quarter that ended in Oct. 2019 was $574 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Hormel Foods's Days Sales Outstanding for the quarter that ended in Oct. 2019 was 20.95.

In Ben Graham's calculation of liquidation value, accounts receivable are only considered to be worth 75% of book value. Hormel Foods's Net-Net Working Capital for the quarter that ended in Oct. 2019 was $-544 Mil.


Hormel Foods Accounts Receivable Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Hormel Foods Annual Data
Oct10 Oct11 Oct12 Oct13 Oct14 Oct15 Oct16 Oct17 Oct18 Oct19
Accounts Receivable Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 605.69 591.31 618.35 600.44 574.40

Hormel Foods Quarterly Data
Jan15 Apr15 Jul15 Oct15 Jan16 Apr16 Jul16 Oct16 Jan17 Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19
Accounts Receivable Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 600.44 565.06 537.45 528.58 574.40

Hormel Foods Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.


Hormel Foods Accounts Receivable Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. 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.

Hormel Foods's Days Sales Outstanding for the quarter that ended in Oct. 2019 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=574.396/2501.513*91
=20.95

2. In Ben Graham's calculation of liquidation value, Hormel Foods's accounts receivable are only considered to be worth 75% of book value:

Hormel Foods's liquidation value for the quarter that ended in Oct. 2019 is calculated as:

Liquidation value
=Cash And Cash Equivalents-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=687.637-2183.469+0.75 * 574.396+0.5 * 1042.362
=-544

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.


Hormel Foods Accounts Receivable Related Terms


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