Hormel Foods Corporation (HRL)
Number of days of payables
| Oct 27, 2024 | Jul 28, 2024 | Apr 28, 2024 | Jan 28, 2024 | Oct 29, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 29, 2023 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | Jan 30, 2022 | Oct 31, 2021 | Jul 25, 2021 | Apr 25, 2021 | Jan 24, 2021 | Oct 25, 2020 | Jul 26, 2020 | Apr 26, 2020 | Jan 26, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 14.86 | 16.29 | 16.04 | — | 14.40 | 15.78 | — | — | 13.72 | — | — | — | 13.03 | 14.33 | 15.33 | 15.51 | 13.29 | 16.00 | 16.92 | 17.14 | |
| Number of days of payables | days | 24.57 | 22.40 | 22.76 | — | 25.35 | 23.13 | — | — | 26.61 | — | — | — | 28.01 | 25.47 | 23.81 | 23.54 | 27.47 | 22.81 | 21.58 | 21.30 |
October 27, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 14.86
= 24.57
Hormel Foods Corporation's number of days of payables have ranged from 21.30 days to 28.01 days over the past two years, indicating that the company takes approximately 21 to 28 days to pay its suppliers. The trend seems to fluctuate within this range, with no clear pattern of increase or decrease observed. However, on average, the company takes around 24-25 days to settle its payables. It is important to note that there are instances where data is not available, highlighting potential variability in the payment terms. Monitoring this ratio can provide insights into the company's liquidity management and payment practices.