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Hormel Foods (STU:HO7) Construction In Progress : €210 Mil (As of Oct. 2024)


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What is Hormel Foods Construction In Progress?

Hormel Foods's quarterly construction in progress increased from Apr. 2024 (€225 Mil) to Jul. 2024 (€253 Mil) but then declined from Jul. 2024 (€253 Mil) to Oct. 2024 (€210 Mil).

Hormel Foods's annual construction in progress declined from Oct. 2022 (€219 Mil) to Oct. 2023 (€185 Mil) but then increased from Oct. 2023 (€185 Mil) to Oct. 2024 (€210 Mil).

Hormel Foods Construction In Progress Historical Data

The historical data trend for Hormel Foods's Construction In Progress 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.

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Hormel Foods Construction In Progress Chart

Hormel Foods Annual Data
Trend Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 314.04 272.78 219.49 185.30 209.97

Hormel Foods Quarterly Data
Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24
Construction In Progress Get a 7-Day Free Trial 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 185.30 197.45 225.31 253.39 209.97

Hormel Foods Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

Hormel Foods Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Hormel Foods Corp (STU:HO7) » Definitions » Construction In Progress
Comparable Companies
CPB CAG MKC PPC SJM LW BRBR INGR FRPT POST XSWX:NESN XPAR:BN KHC GIS SHSE:603288 K NSE:NESTLEIND SHSE:600887 SZSE:300999 TSE:2802
Traded in Other Exchanges
HRL:USA 0J5Z:UK HO7:Germany H1RL34:Brazil HRL:Austria
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 US retail (64% of fiscal 2023 sales), US food service (30%), and international (6%). By product, 70% of fiscal 2023 sales were from perishable food and 30% from shelf-stable. 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.

Hormel Foods Headlines

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