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Hormel Foods Days Payable

: 23.34 (As of Jan. 2020)
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Hormel Foods's Accounts Payable for the three months ended in Jan. 2020 was $490 Mil. Hormel Foods's Cost of Goods Sold for the three months ended in Jan. 2020 was $1,916 Mil. Hence, Hormel Foods's Days Payable for the three months ended in Jan. 2020 was 23.34.

NYSE:HRL' s Days Payable Range Over the Past 10 Years
Min: 19.26   Max: 29.85
Current: 23.36

19.26
29.85

During the past 13 years, Hormel Foods's highest Days Payable was 29.85. The lowest was 19.26. And the median was 23.34.

NYSE:HRL's Days Payable is ranked lower than
80% of the 1553 Companies
in the Consumer Packaged Goods industry.

( Industry Median: 48.46 vs. NYSE:HRL: 23.36 )

Hormel Foods's Days Payable declined from Jan. 2019 (24.65) to Jan. 2020 (23.34). It may suggest that Hormel Foods accelerated paying its suppliers.


Hormel Foods Days Payable 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 Payable Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 24.25 23.88 28.13 29.85 28.29

Hormel Foods Quarterly Data
Apr15 Jul15 Oct15 Jan16 Apr16 Jul16 Oct16 Jan17 Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20
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 24.65 25.48 25.22 26.82 23.34

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 Payable Distribution

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



Hormel Foods Days Payable Calculation

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

Hormel Foods's Days Payable for the fiscal year that ended in Oct. 2019 is calculated as

Days Payable=Accounts Payable/Cost of Goods Sold*Days in Period
=590.033/7612.669*365
=28.29

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

Days Payable=Accounts Payable/Cost of Goods Sold*Days in Period
=490.042/1916.014*365 / 4
=23.34

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


Hormel Foods Days Payable Related Terms


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