Hormel Foods Corporation (HRL)

The days of sales outstanding (DSO) ratio for Hormel Foods Corporation has shown some fluctuation over the past few years. In October 2022 and October 2023, the DSO was not provided, suggesting that the company's financial statements may have lacked specific information related to accounts receivable and sales during those periods.

However, in October 2023, the DSO was reported at 25.01 days, indicating that on average, it took the company approximately 25 days to collect payments from its customers. This suggests a relatively efficient accounts receivable collection process during that period.

In October 2024, the DSO increased to 26.59 days, which may imply a slight delay in collecting payments compared to the previous year. It is important for Hormel Foods Corporation to keep a close eye on this metric to ensure timely collection of accounts receivable and maintain healthy cash flows.

Overall, the DSO trend for Hormel Foods Corporation shows some variability, and ongoing monitoring and management of accounts receivable will be key to maintaining financial health and operational efficiency.