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HRL (Hormel Foods) Days Payable : 26.95 (As of Apr. 2025)


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What is Hormel Foods Days Payable?

Hormel Foods's average Accounts Payable for the three months ended in Apr. 2025 was $713 Mil. Hormel Foods's Cost of Goods Sold for the three months ended in Apr. 2025 was $2,414 Mil. Hence, Hormel Foods's Days Payable for the three months ended in Apr. 2025 was 26.95.

The historical rank and industry rank for Hormel Foods's Days Payable or its related term are showing as below:

HRL' s Days Payable Range Over the Past 10 Years
Min: 23.97   Med: 28.02   Max: 28.98
Current: 25.87

During the past 13 years, Hormel Foods's highest Days Payable was 28.98. The lowest was 23.97. And the median was 28.02.

HRL's Days Payable is ranked worse than
78.35% of 1838 companies
in the Consumer Packaged Goods industry
Industry Median: 48.025 vs HRL: 25.87

Hormel Foods's Days Payable declined from Apr. 2024 (27.48) to Apr. 2025 (26.95). It may suggest that Hormel Foods accelerated paying its suppliers.


Hormel Foods Days Payable Historical Data

The historical data trend for Hormel Foods's Days Payable 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 Days Payable Chart

Hormel Foods Annual Data
Trend Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 28.95 27.75 28.54 28.67 27.78

Hormel Foods Quarterly Data
Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25
Days Payable 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 27.48 25.87 24.60 26.23 26.95

Competitive Comparison of Hormel Foods's Days Payable

For the Packaged Foods subindustry, Hormel Foods's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* 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. Note that "N/A" values will not show up in the chart.


Hormel Foods's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Hormel Foods's Days Payable distribution charts can be found below:

* The bar in red indicates where Hormel Foods's Days Payable falls into.


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Hormel Foods Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Hormel Foods's Days Payable for the fiscal year that ended in Oct. 2024 is calculated as

Days Payable (A: Oct. 2024 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Oct. 2023 ) + Accounts Payable (A: Oct. 2024 )) / count ) / Cost of Goods Sold (A: Oct. 2024 )*Days in Period
=( (771.397 + 735.604) / 2 ) / 9898.659*365
=753.5005 / 9898.659*365
=27.78

Hormel Foods's Days Payable for the quarter that ended in Apr. 2025 is calculated as:

Days Payable (Q: Apr. 2025 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jan. 2025 ) + Accounts Payable (Q: Apr. 2025 )) / count ) / Cost of Goods Sold (Q: Apr. 2025 )*Days in Period
=( (709.19 + 716.892) / 2 ) / 2414.377*365 / 4
=713.041 / 2414.377*365 / 4
=26.95

* 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.


Hormel Foods Days Payable Related Terms

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


Hormel Foods Business Description

Address
1 Hormel Place, Austin, MN, USA, 55912-3680
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 (62% of fiscal 2024 sales), US food service (32%), and international (6%). By product, 72% of fiscal 2024 sales were from perishable food and 28% 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.
Executives
Elsa A Murano director 1 HORMEL PLACE, AUSTIN MN 55912-3680
Steven J Lykken officer: Senior Vice President 1 HORMEL PLACE, AUSTIN MN 55912
Kevin L Myers officer: Vice President 1 HORMEL PLACE, AUSTIN MN 55912
Deanna T Brady officer: Vice President 1 HORMEL STREET, AUSTIN MN 55912
Katherine M Losness-larson officer: Senior Vice President 1 HORMEL PLACE, AUSTIN MN 55912
Mark J Ourada officer: Group Vice President 1 HORMEL PLACE, AUSTIN MN 55912
Mark A Coffey officer: Vice President 1 HORMEL PLACE, AUSTIN MN 55912
Susan K Nestegard director AMERICAN CAPITAL, LTD., 2 BETHESDA METRO, 14TH FLOOR, BETHESDA MD 20814
Pierre M Lilly officer: SVP & Chief Compliance Officer 1 HORMEL PLACE, AUSTIN MN 55912
Paul R Kuehneman officer: Vice President and Controller 1 HORMEL PLACE, AUSTIN MN 55912
Prado Becerra Jose Luis director 50 S. LASALLE STREET, CHICAGO IL 60603
Michael Paul Zechmeister director C/O UNITED NATURAL FOODS, INC., 313 IRON HORSE WAY, PROVIDENCE RI 02908
Ray G Young director 77 WEST WACKER DR., SUITE 4600, CHICAGO IL 60601
Patrick J Connor officer: Vice President 1 HORMEL PLACE, AUSTIN MN 55912
James P Snee officer: Vice President 1 HORMEL PLACE, AUSTIN MN 55912