Hormel Foods's Total Assets for the quarter that ended in Jan. 2024 was $13,513 Mil.
Warning Sign:
If a company builds assets at 13.5% a year, faster than its revenue growth rate of 6.2% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Hormel Foods's average Total Assets Growth Rate was -1.10% per year.
During the past 3 years, the average Total Assets Growth Rate was 15.80% per year.
During the past 5 years, the average Total Assets Growth Rate was 13.50% per year.
During the past 10 years, the average Total Assets Growth Rate was 11.20% per year.
During the past 13 years, Hormel Foods's highest 3-Year average Total Assets Growth Rate was 18.40%. The lowest was 1.90%. And the median was 9.00%.
Total Assets is connected with ROA %. Hormel Foods's annualizedROA % for the quarter that ended in Jan. 2024 was 6.49%. Total Assets is also linked to Revenue through Asset Turnover. Hormel Foods's Asset Turnover for the quarter that ended in Jan. 2024 was 0.22.
Hormel Foods Total Assets Historical Data
The historical data trend for Hormel Foods's Total Assets 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.
From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.
Hormel Foods's Total Assets for the fiscal year that ended in Oct. 2023 is calculated as
* 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.
Note:
The Net Income data used here is four times the quarterly (Jan. 2024) data.
In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.
Total Assets is linked to total revenue through Asset Turnover.
Hormel Foods's Asset Turnover for the quarter that ended in Jan. 2024 is
* 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.
Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.
Hormel Foods Total Assets Related Terms
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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.
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