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Hormel Foods Change In Receivables

: $-47 Mil (TTM As of Jan. 2020)
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Hormel Foods's change in receivables for the quarter that ended in Jan. 2020 was $0 Mil. It means Hormel Foods's Accounts Receivable stayed the same from Oct. 2019 to Jan. 2020 .

Hormel Foods's change in receivables for the fiscal year that ended in Oct. 2019 was $-11 Mil. It means Hormel Foods's Accounts Receivable declined by $11 Mil from Oct. 2018 to Oct. 2019 .

Hormel Foods's Accounts Receivable for the quarter that ended in Jan. 2020 was $562 Mil.

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 Receivable are being managed. Hormel Foods's Days Sales Outstanding for the three months ended in Jan. 2020 was 21.53.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Hormel Foods's liquidation value for the three months ended in Jan. 2020 was $-504 Mil.


Hormel Foods Change In Receivables 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
Change In Receivables Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 22.45 20.90 -29.72 36.13 -11.15

Hormel Foods Quarterly Data
Apr15 Jul15 Oct15 Jan16 Apr16 Jul16 Oct16 Jan17 Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20
Change In Receivables 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 36.26 -3.63 8.68 -52.46 0.00

Hormel Foods Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Jan. 2020 was -3.628 (Apr. 2019 ) + 8.675 (Jul. 2019 ) + -52.455 (Oct. 2019 ) + 0 (Jan. 2020 ) = $-47 Mil.

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


Hormel Foods  (NYSE:HRL) Change In Receivables 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 Receivable are being managed.

Hormel Foods's Days Sales Outstanding for the quarter that ended in Jan. 2020 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=562.483/2384.434*91
=21.53

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 Jan. 2020 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=739.227-2194.064+0.75 * 562.483+0.5 * 1057.277
=-504

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


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