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Hormel Foods Total Assets

: $7,955 Mil (As of Jul. 2019)
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Hormel Foods's total assets for the quarter that ended in Jul. 2019 was $7,955 Mil.

During the past 12 months, Hormel Foods's average Total Assets Growth Rate was -3.20% per year. During the past 3 years, the average Total Assets Growth Rate was 9.90% per year. During the past 5 years, the average Total Assets Growth Rate was 10.40% per year. During the past 10 years, the average Total Assets Growth Rate was 9.00% per year.

During the past 13 years, Hormel Foods's highest 3-Year average Total Assets Growth Rate was 15.00%. The lowest was 0.00%. And the median was 8.90%.

Total Assets is connected with ROA %. Hormel Foods's annualized ROA % for the quarter that ended in Jul. 2019 was 10.04%. Total Assets is also linked to Revenue through Asset Turnover. Hormel Foods's Asset Turnover for the quarter that ended in Jul. 2019 was 0.29.


Hormel Foods Total Assets 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 Assets Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5,455.62 6,139.83 6,370.07 6,975.91 8,142.29

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 Assets 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 7,895.37 8,142.29 8,155.40 7,935.75 7,954.58

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 Total Assets Distribution

* The bar in red indicates where Hormel Foods's Total Assets falls into.



Hormel Foods Total Assets Calculation

Total assets are all the assets a company owns.

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. 2018 is calculated as

Total Assets=Total Stockholders Equity (A: Oct. 2018 )+Total Liabilities (A: Oct. 2018 )
=5600.811+2537.474
=8,138

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

Total Assets=Total Stockholders Equity (Q: Jul. 2019 )+Total Liabilities (Q: Jul. 2019 )
=5887.071+2063.241
=7,950

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


Hormel Foods  (NYSE:HRL) Total Assets Explanation

Total Assets is connected with Return on Assets.

{COMPANY->company}'s annualized ROA % for the quarter that ended in Jul. 2019 is

ROA %=Net Income (Q: Jul. 2019 )/( (Total Assets (Q: Apr. 2019 )+Total Assets (Q: Jul. 2019 ))/ 2 )
=797.796/( (7935.745+7954.576)/ 2 )
=797.796/7945.1605
=10.04 %

Note: The Net Income data used here is four times the quarterly (Jul. 2019) net income 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 Jul. 2019 is

Asset Turnover
=Sales/Average Total Assets
=Revenue (Q: Jul. 2019 )/( (Total Assets (Q: Apr. 2019 )+Total Assets (Q: Jul. 2019 ))/ 2 )
=2290.705/( (7935.745+7954.576)/ 2 )
=2290.705/7945.1605
=0.29

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

Therefore, if a company grows its assets faster than its sales, the asset turnover will decline. This might be a warning sign for the business.

Hormel Foods Total Assets Related Terms


Hormel Foods Total Assets Headlines

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