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GuruFocus has detected 2 Warning Signs with Hormel Foods Corp $HRL.
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Hormel Foods Corp (NYSE:HRL)
Days Payable
19.98 (As of Apr. 2017)

Hormel Foods Corp's payable for the three months ended in Apr. 2017 was $372 Mil. Hormel Foods Corp's cost of goods sold for the three months ended in Apr. 2017 was $1,700 Mil. Hence, Hormel Foods Corp's days payable for the three months ended in Apr. 2017 was 19.98.

HRL' s Days Payable Range Over the Past 10 Years
Min: 18.66   Max: 24.27
Current: 18.66

18.66
24.27

During the past 13 years, Hormel Foods Corp's highest Days Payable was 24.27. The lowest was 18.66. And the median was 21.88.

HRL's Days Payable is ranked lower than
82% of the 1040 Companies
in the Global Packaged Foods industry.

( Industry Median: 45.51 vs. HRL: 18.66 )

Hormel Foods Corp's days payable declined from Apr. 2016 (20.03) to Apr. 2017 (19.98). It may suggest that Hormel Foods Corp accelerated paying its suppliers.


Definition

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 Apr. 2017 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=372.361/1700.389*365 / 4
=19.98

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


Related Terms

Revenue


Historical Data

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

Hormel Foods Corp Annual Data

Oct07Oct08Oct09Oct10Oct11Oct12Oct13Oct14Oct15Oct16
DaysPayable 20.4624.2721.0422.0421.7120.4219.2622.7924.2523.88

Hormel Foods Corp Quarterly Data

Jan15Apr15Jul15Oct15Jan16Apr16Jul16Oct16Jan17Apr17
DaysPayable 19.0619.3520.2023.7221.6220.0320.7121.6620.4719.98
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