HRL (Hormel Foods) Total Current Assets : $3,246 Mil (As of Oct. 2024)

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What is Hormel Foods Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Hormel Foods's total current assets for the quarter that ended in Oct. 2024 was $3,246 Mil.

Hormel Foods Total Current Assets Historical Data

The historical data trend for Hormel Foods's Total Current Assets 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 Total Current Assets Chart

Hormel Foods Annual Data

Trend

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Oct24

Total Current Assets

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3,579.06

2,947.82

3,637.13

3,297.25

3,246.48

Hormel Foods Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
Total Current Assets	Get a 7-Day Free Trial															3,297.25	3,367.16	3,976.52	2,997.45	3,246.48

Hormel Foods Total Current Assets Calculation

Total Current Assets are the asset that can be converted to cash or used to pay current liabilities within 12 months.

Hormel Foods's Total Current Assets for the fiscal year that ended in Oct. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	766.623	+	868.288	+	1576.3	+	35.265
	=	3,246

Hormel Foods's Total Current Assets for the quarter that ended in Oct. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	766.623	+	868.288	+	1576.3	+	35.265
	=	3,246

Total Current Assets is linked to the Current Ratio, which is the result of dividing total current assets by total current liabilities. It is frequently used as an indicator of a company's liquidity, its ability to meet short-term obligations.

Total Current Assets is also linked to Working Capital, Net working capital is calculated as Total Current Assets minus Total Current Liabilities.

Hormel Foods (NYSE:HRL) Total Current Assets Explanation

In Ben Graham's calculation of liquidation value, inventory is only considered worth half of its book value, and accounts receivable is considered worth 75% of its value. Therefore the liquidation value is lower than calculated from total current assets.

Hormel Foods's Liquidation Value for the quarter that ended in Oct. 2024 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	766.623	-	5430.719	+	0.75 * 817.908	+	0.5 * 1576.3
=	-3,263

Hormel Foods Total Current Assets Related Terms

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Hormel Foods Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Hormel Foods Corp (NYSE:HRL) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

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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.

Executives

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
Elsa A Murano	director	1 HORMEL PLACE, AUSTIN MN 55912-3680
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