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Hormel Foods Corp (NYSE:HRL)
Days Sales Outstanding
21.92 (As of Apr. 2017)

Hormel Foods Corp's account receivable for the three months ended in Apr. 2017 was $525 Mil. Hormel Foods Corp's revenue for the three months ended in Apr. 2017 was $2,187 Mil. Hence, Hormel Foods Corp's days sales outstanding for the three months ended in Apr. 2017 was 21.92.

HRL' s Days Sales Outstanding Range Over the Past 10 Years
Min: 20.4   Max: 23.88
Current: 20.4

20.4
23.88

During the past 13 years, Hormel Foods Corp's highest Days Sales Outstanding was 23.88. The lowest was 20.40. And the median was 22.35.

HRL's Days Sales Outstanding is ranked higher than
76% of the 1148 Companies
in the Global Packaged Foods industry.

( Industry Median: 38.13 vs. HRL: 20.40 )

Hormel Foods Corp's days sales outstanding increased from Apr. 2016 (21.76) to Apr. 2017 (21.92).


Definition

Days sales outstanding measures of 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 receivables are being managed.

Account receivable can be measured by Days Sales Outstanding.

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

Days Sales Outstanding=Account Receivable/Revenue*Days in Period
=591.31/9523.224*365
=22.66

Hormel Foods Corp's Days Sales Outstanding for the quarter that ended in Apr. 2017 is calculated as:

Days Sales Outstanding=Account Receivable/Revenue*Days in Period
=525.322/2187.309*365 / 4
=21.92

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


Explanation

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


Related Terms

Account Receivable, 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
DaysSalesOutstanding 21.6122.2120.8021.7821.3222.4923.0023.8823.8622.66

Hormel Foods Corp Quarterly Data

Jan15Apr15Jul15Oct15Jan16Apr16Jul16Oct16Jan17Apr17
DaysSalesOutstanding 22.0323.1722.8923.0222.0821.7622.3920.5321.2421.92
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