Hormel Foods (WBO:HRL) Change In Inventory : €141 Mil (TTM As of Jan. 2024)

View and export this data going back to 2019. Start your Free Trial

What is Hormel Foods Change In Inventory?

Hormel Foods's change in inventory for the quarter that ended in Jan. 2024 was €95 Mil. It means Hormel Foods's inventory declined by €95 Mil from Oct. 2023 to Jan. 2024 .

Hormel Foods's change in inventory for the fiscal year that ended in Oct. 2023 was €34 Mil. It means Hormel Foods's inventory declined by €34 Mil from Oct. 2022 to Oct. 2023 .

Hormel Foods's Total Inventories for the quarter that ended in Jan. 2024 was €1,449 Mil.

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 quarter that ended in Jan. 2024 was 60.73.

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 Jan. 2024 was 1.50.

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 Jan. 2024 was 0.55.

Hormel Foods Change In Inventory Historical Data

The historical data trend for Hormel Foods's Change In Inventory 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.

* Premium members only.

Hormel Foods Change In Inventory Chart

Hormel Foods Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Change In Inventory

Get a 7-Day Free Trial

-111.95

-1.56

-125.14

-356.94

33.82

Hormel Foods Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Change In Inventory	Get a 7-Day Free Trial															-10.92	-14.18	6.12	53.27	95.38

Hormel Foods Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €141 Mil.

Hormel Foods (WBO:HRL) Change In Inventory Explanation

1. 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 quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	1520.0615	/	2284.147	*	365 / 4
	=	60.73

2. 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 Jan. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2284.147	/	1520.0615
	=	1.50

3. 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 Jan. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1520.0615	/	2751.164
	=	0.55

Hormel Foods Change In Inventory Related Terms

Thank you for viewing the detailed overview of Hormel Foods's Change In Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Hormel Foods (WBO:HRL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Hormel Foods Corp (WBO:HRL) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

HRL:USA HRL:Mexico HO7:Germany HO7:Germany H1RL34:Brazil

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.