Hormel Foods Corporation (HRL)

Hormel Foods Corporation's number of days of payables has exhibited a decreasing trend over the past five years, suggesting improved efficiency in managing its accounts payable. The company took approximately 24.57 days to pay its suppliers in 2024, compared to 25.35 days in 2023, 26.61 days in 2022, 28.01 days in 2021, and 27.47 days in 2020. This declining trend indicates that Hormel Foods is taking fewer days to settle its payables, which may result in better cash flow management and potential negotiation leverage with suppliers. Overall, the company's ability to effectively manage its payables is improving, which could positively impact its overall financial health and liquidity position.