Hormel Foods (WBO:HRL) Days Payable : 24.65 (As of Oct. 2024)

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What is Hormel Foods Days Payable?

Hormel Foods's average Accounts Payable for the three months ended in Oct. 2024 was €649 Mil. Hormel Foods's Cost of Goods Sold for the three months ended in Oct. 2024 was €2,402 Mil. Hence, Hormel Foods's Days Payable for the three months ended in Oct. 2024 was 24.65.

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

WBO:HRL' s Days Payable Range Over the Past 10 Years
Min: 23.97 Med: 28.02 Max: 28.98
Current: 26.68

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.

WBO:HRL's Days Payable is ranked worse than
76.76% of 1820 companies
in the Consumer Packaged Goods industry
Industry Median: 45.78 vs WBO:HRL: 26.68

Hormel Foods's Days Payable increased from Oct. 2023 (24.53) to Oct. 2024 (24.65). It may suggest that Hormel Foods delayed 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.

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Hormel Foods Days Payable Chart

Hormel Foods Annual Data

Trend

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Oct24

Days Payable

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29.83

27.57

26.42

29.72

28.23

Hormel Foods Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
Days Payable	Get a 7-Day Free Trial															24.53	28.24	27.27	26.01	24.65

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.

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
=	( (730.513	+	675.284)	/	2 )	/	9086.969	*	365
=	702.8985					/	9086.969	*	365
=	28.23

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

	Days Payable (Q: Oct. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jul. 2024 )	+	Accounts Payable (Q: Oct. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Oct. 2024 )	*	Days in Period
=	( (622.504	+	675.284)	/	2 )	/	2402.279	*	365 / 4
=	648.894					/	2402.279	*	365 / 4
=	24.65

Hormel Foods Days Payable Related Terms

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Hormel Foods Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Hormel Foods Corp (WBO:HRL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

HRL:USA 0J5Z:UK 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 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.