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Hormel Foods Days Inventory

: 48.88 (As of Oct. 2019)
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Hormel Foods's Total Inventories for the three months ended in Oct. 2019 was USD 1,075 Mil. Hormel Foods's Cost of Goods Sold for the three months ended in Oct. 2019 was USD 2,008 Mil. Hence, Hormel Foods's days inventory for the three months ended in Oct. 2019 was 48.88.

NYSE:HRL' s Days Inventory Range Over the Past 10 Years
Min: 45.46   Max: 50.13
Current: 49.28

45.46
50.13

During the past 13 years, Hormel Foods's highest Days Inventory was 50.13. The lowest was 45.46. And the median was 47.90.

NYSE:HRL's Days Inventory is ranked higher than
68% of the 1572 Companies
in the Consumer Packaged Goods industry.

( Industry Median: 69.94 vs. NYSE:HRL: 49.28 )

Hormel Foods's days inventory increased from Oct. 2018 (45.01) to Oct. 2019 (48.88). It might indicate that Hormel Foods's sales slowed down.

Total Inventories can be measured by Days Sales of Inventory (DSI).

Inventory Turnover measures how fast the company turns over its inventory within a year. Hormel Foods's Inventory Turnover for the three months ended in Oct. 2019 was 1.87.

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 three months ended in Oct. 2019 was 0.43.


Hormel Foods Days Inventory 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
Days Inventory Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 50.13 49.04 48.53 45.46 48.09

Hormel Foods Quarterly Data
Jan15 Apr15 Jul15 Oct15 Jan16 Apr16 Jul16 Oct16 Jan17 Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19
Days Inventory 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 45.01 47.72 49.26 52.55 48.88

Competitive Comparison
* 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.


Hormel Foods Days Inventory Distribution

* The bar in red indicates where Hormel Foods's Days Inventory falls into.



Hormel Foods Days Inventory Calculation

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 fiscal year that ended in Oct. 2019 is calculated as

Days Inventory (A: Oct. 2019 )
=Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Oct. 2018 ) + Total Inventories (A: Oct. 2019 )) / 2 ) / Cost of Goods Sold (A: Oct. 2019 )*Days in Period
=( (963.527 + 1042.362) / 2 ) / 7612.669*365
=1002.9445 / 7612.669*365
=48.09

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

Days Inventory (Q: Oct. 2019 )
=Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Jul. 2019 ) + Total Inventories (Q: Oct. 2019 )) / 2 ) / Cost of Goods Sold (Q: Oct. 2019 )*Days in Period
=( (1108.514 + 1042.362) / 2 ) / 2007.79*365 / 4
=1075.438 / 2007.79*365 / 4
=48.88

* 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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