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Hormel Foods Corp  (NYSE:HRL) Days Payable: 21.90 (As of Jul. 2017)

Hormel Foods Corp's payable for the three months ended in Jul. 2017 was $421 Mil. Hormel Foods Corp's Cost of Goods Sold for the three months ended in Jul. 2017 was $1,755 Mil. Hence, Hormel Foods Corp's days payable for the three months ended in Jul. 2017 was 21.90.

NYSE:HRL' s Days Payable Range Over the Past 10 Years
Min: 19.26   Max: 24.27
Current: 21.31

19.26
24.27

During the past 13 years, Hormel Foods Corp's highest Days Payable was 24.27. The lowest was 19.26. And the median was 21.88.

NYSE:HRL's Days Payable is ranked lower than
77% of the 1086 Companies
in the Global industry.

( Industry Median: 43.95 vs. NYSE:HRL: 21.31 )

Hormel Foods Corp's days payable increased from Jul. 2016 (20.71) to Jul. 2017 (21.90). It may suggest that Hormel Foods Corp delayed paying its suppliers.


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 Corp Annual Data

Oct07 Oct08 Oct09 Oct10 Oct11 Oct12 Oct13 Oct14 Oct15 Oct16
Days Payable Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 20.42 19.26 22.79 24.25 23.88

Hormel Foods Corp Quarterly Data

Oct12 Jan13 Apr13 Jul13 Oct13 Jan14 Apr14 Jul14 Oct14 Jan15 Apr15 Jul15 Oct15 Jan16 Apr16 Jul16 Oct16 Jan17 Apr17 Jul17
Days Payable 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 20.71 21.66 20.47 19.98 21.90

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.


Calculation

Days Payable indicates the number of days that the account payable relative to revenue the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Hormel Foods Corp's Days Payable for the fiscal year that ended in Oct. 2016 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=481.826/7365.049*365
=23.88

Hormel Foods Corp's Days Payable for the quarter that ended in Jul. 2017 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=421.17/1754.966*365 / 4
=21.90

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


Related Terms


Headlines

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