Hormel Foods (Hormel Foods) Change In Receivables : $38 Mil (TTM As of Jan. 2024)

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What is Hormel Foods Change In Receivables?

Hormel Foods's change in receivables for the quarter that ended in Jan. 2024 was $68 Mil. It means Hormel Foods's Accounts Receivable declined by $68 Mil from Oct. 2023 to Jan. 2024 .

Hormel Foods's change in receivables for the fiscal year that ended in Oct. 2023 was $49 Mil. It means Hormel Foods's Accounts Receivable declined by $49 Mil from Oct. 2022 to Oct. 2023 .

Hormel Foods's Accounts Receivable for the quarter that ended in Jan. 2024 was $751 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. 2024 was 22.87.

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. 2024 was $-3,330 Mil.

Hormel Foods Change In Receivables Historical Data

The historical data trend for Hormel Foods's Change In Receivables 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 Change In Receivables Chart

Hormel Foods Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Change In Receivables

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-11.15

-119.52

-191.63

28.37

49.00

Hormel Foods Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Change In Receivables	Get a 7-Day Free Trial															79.56	26.57	-24.71	-32.43	68.09

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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $38 Mil.

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. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	751.048	/	2996.911	*	91
=	22.87

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. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	981.924	-	5664.417	+	0.75 * 751.048	+	0.5 * 1578.191
=	-3,330

Hormel Foods Change In Receivables Related Terms

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Hormel Foods (Hormel Foods) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Hormel Foods Corp (NYSE:HRL) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

HRL:Mexico HO7:Germany HO7:Germany H1RL34:Brazil HRL:Austria

Address

1 Hormel Place, Austin, MN, USA, 55912-3680

Website

https://www.hormelfoods.com

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