Hormel Foods (BSP:H1RL34) Days Sales Outstanding : 24.23 (As of Jan. 2024)

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What is Hormel Foods Days Sales Outstanding?

Hormel Foods's average Accounts Receivable for the three months ended in Jan. 2024 was R$3,913 Mil. Hormel Foods's Revenue for the three months ended in Jan. 2024 was R$14,739 Mil. Hence, Hormel Foods's Days Sales Outstanding for the three months ended in Jan. 2024 was 24.23.

The historical rank and industry rank for Hormel Foods's Days Sales Outstanding or its related term are showing as below:

BSP:H1RL34' s Days Sales Outstanding Range Over the Past 10 Years
Min: 22.58 Med: 24.01 Max: 25.83
Current: 23.48

During the past 13 years, Hormel Foods's highest Days Sales Outstanding was 25.83. The lowest was 22.58. And the median was 24.01.

BSP:H1RL34's Days Sales Outstanding is ranked better than
74.13% of 1840 companies
in the Consumer Packaged Goods industry
Industry Median: 39.085 vs BSP:H1RL34: 23.48

Hormel Foods's Days Sales Outstanding declined from Jan. 2023 (25.57) to Jan. 2024 (24.23).

Hormel Foods Days Sales Outstanding Historical Data

The historical data trend for Hormel Foods's Days Sales Outstanding 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 Days Sales Outstanding Chart

Hormel Foods Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Days Sales Outstanding

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21.67

21.26

25.79

26.55

25.90

Hormel Foods Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Days Sales Outstanding	Get a 7-Day Free Trial															25.57	24.15	24.38	22.31	24.23

Competitive Comparison of Hormel Foods's Days Sales Outstanding

For the Packaged Foods subindustry, Hormel Foods's Days Sales Outstanding, along with its competitors' market caps and Days Sales Outstanding data, can be viewed below:

* 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. Note that "N/A" values will not show up in the chart.

Hormel Foods's Days Sales Outstanding Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Hormel Foods's Days Sales Outstanding distribution charts can be found below:

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

Hormel Foods Days Sales Outstanding Calculation

Days Sales Outstanding measures 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.

Accounts Receivable can be measured by Days Sales Outstanding.

Hormel Foods's Days Sales Outstanding for the fiscal year that ended in Oct. 2023 is calculated as

	Days Sales Outstanding (A: Oct. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Oct. 2022 )	+	Accounts Receivable (A: Oct. 2023 ))	/	count )	/	Revenue (A: Oct. 2023 )	*	Days in Period
=	( (4556.685	+	4132.647)	/	2 )	/	61227	*	365
=	4344.666					/	61227	*	365
=	25.90

Hormel Foods's Days Sales Outstanding for the quarter that ended in Jan. 2024 is calculated as:

	Days Sales Outstanding (Q: Jan. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Oct. 2023 )	+	Accounts Receivable (A: Jan. 2024 ))	/	count )	/	Revenue (A: Jan. 2024 )	*	Days in Period
=	( (4132.647	+	3693.804)	/	2 )	/	14739.408	*	365 / 4
=	3913.2255					/	14739.408	*	365 / 4
=	24.23

Hormel Foods (BSP:H1RL34) Days Sales Outstanding Explanation

For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.

Hormel Foods Days Sales Outstanding Related Terms

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Hormel Foods (BSP:H1RL34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Hormel Foods Corp (BSP:H1RL34) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

HRL:USA HRL:Mexico HO7:Germany 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.

Hormel Foods (BSP:H1RL34) Headlines

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