Hormel Foods Corporation (HRL)

The number of days of payables for Hormel Foods Corp. has shown a decreasing trend over the past five years, indicating that the company is taking fewer days to pay its suppliers. In 2023, the number of days of payables was 27.85 days, which is lower than the 28.95 days in 2022 and significantly lower than the 30.61 days in 2021 and 30.23 days in 2020. This trend suggests that the company is managing its payables more efficiently, potentially improving its cash flow and working capital management. A lower number of days of payables may also indicate stronger bargaining power with suppliers or improvements in the company's inventory management practices. Overall, this decreasing trend in the number of days of payables reflects positively on Hormel Foods Corp.'s financial management and operational efficiency.