Hormel Foods Corporation (HRL)
Number of days of payables
Oct 31, 2024 | Oct 27, 2024 | Oct 31, 2023 | Oct 29, 2023 | Oct 31, 2022 | ||
---|---|---|---|---|---|---|
Payables turnover | — | 14.86 | — | 14.40 | — | |
Number of days of payables | days | — | 24.57 | — | 25.35 | — |
October 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ —
= —
The number of days of payables for Hormel Foods Corporation exhibits variation over the period under consideration. On October 29, 2023, the company took approximately 25.35 days on average to pay its suppliers, indicating a relatively prompt payment cycle. This was followed by a slight improvement by October 27, 2024, when the average number of days to payables decreased to 24.57 days. However, specific data points for other dates are not available as indicated by "— days," which may suggest a lack of payment activity during these periods or data unavailability. The trends observed in the available data points indicate that Hormel Foods Corporation manages its payables efficiently, with a relatively stable and timely payment cycle.