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Hormel Foods Total Inventories

: $1,109 Mil (As of Jul. 2019)
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Hormel Foods's total inventories for the quarter that ended in Jul. 2019 was $1,109 Mil. Hormel Foods's average total inventories from the quarter that ended in Apr. 2019 to the quarter that ended in Jul. 2019 was $1,070 Mil.

In Ben Graham's calculation of liquidation value, inventory is only considered worth half of its book value. Hormel Foods's liquidation value for the quarter that ended in Jul. 2019 was $-538 Mil.

Inventory can be measured by days sales of inventory (DSI). Hormel Foods's days sales of inventory (DSI) for the three months ended in Jul. 2019 was 42.61.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hormel Foods's Days Inventory for the three months ended in Jul. 2019 was 52.55.

Inventory Turnover measures how fast the company turns over its inventory within a year. Hormel Foods's Inventory Turnover for the quarter that ended in Jul. 2019 was 1.74.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Hormel Foods's Inventory-to-Revenue for the quarter that ended in Jul. 2019 was 0.47.


Hormel Foods Total Inventories 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
Oct09 Oct10 Oct11 Oct12 Oct13 Oct14 Oct15 Oct16 Oct17 Oct18
Total Inventories Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,054.55 993.27 985.68 921.02 963.53

Hormel Foods Quarterly Data
Oct14 Jan15 Apr15 Jul15 Oct15 Jan16 Apr16 Jul16 Oct16 Jan17 Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19
Total Inventories 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 1,001.04 963.53 994.43 1,030.57 1,108.51

Hormel Foods Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.


Hormel Foods  (NYSE:HRL) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of liquidation value, inventory is only considered worth half of its book value.

Hormel Foods's liquidation value for the quarter that ended in Jul. 2019 is

Liquidation value (Q: Jul. 2019 )
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=574.263-2063.241+0.75 * 528.583+0.5 * 1108.514
=-538

2. Inventory can be measured by Days Sales of Inventory (DSI).

Hormel Foods's Days Sales of Inventory for the three months ended in Jul. 2019 is

Days Sales of Inventory (DSI)
=Total Inventories (Q: Jul. 2019 )/Revenue (Q: Jul. 2019 )*Days in Period
=1069.544/2290.705*365 / 4
=42.61

3. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Hormel Foods's Days Inventory for the three months ended in Jul. 2019 is calculated as:

Days Inventory=Total Inventories (Q: Jul. 2019 )/Cost of Goods Sold (Q: Jul. 2019 )*Days in Period
=1069.544/1857.263*365 / 4
=52.55

4. Inventory Turnover measures how fast the company turns over its inventory within a year.

Hormel Foods's Inventory Turnover for the quarter that ended in Jul. 2019 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Jul. 2019 ) / Total Inventories (Q: Jul. 2019 )
=1857.263 / 1069.544
=1.74

5. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Hormel Foods's Inventory to Revenue for the quarter that ended in Jul. 2019 is calculated as

Inventory-to-Revenue=Total Inventories (Q: Jul. 2019 ) / Revenue (Q: Jul. 2019 )
=1069.544 / 2290.705
=0.47

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


Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.


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