Hormel Foods Corporation (HRL)
Fixed asset turnover
| Oct 31, 2024 | Oct 27, 2024 | Oct 31, 2023 | Oct 29, 2023 | Oct 31, 2022 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 11,920,800 | 11,920,800 | 12,110,000 | 12,036,600 | 12,458,800 |
| Property, plant and equipment | US$ in thousands | — | 2,164,240 | 2,297,740 | 2,127,820 | 2,141,150 |
| Fixed asset turnover | — | 5.51 | 5.27 | 5.66 | 5.82 |
October 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $11,920,800K ÷ $—K
= —
The fixed asset turnover ratio for Hormel Foods Corporation has exhibited a relatively stable trend over the periods provided, ranging between 5.27 and 5.82. This ratio indicates that the company generates $5.27 to $5.82 in sales for every dollar invested in fixed assets. The slight fluctuations in the ratio suggest that the company efficiently utilizes its fixed assets to generate revenue. However, the absence of data for October 31, 2024, limits a precise evaluation for that period. Overall, based on the data provided, Hormel Foods Corporation's fixed asset turnover reflects a consistent and effective utilization of its fixed assets in generating sales.