Hormel Foods Corporation (HRL)
Number of days of payables
| Jan 31, 2025 | Oct 31, 2024 | Oct 27, 2024 | Jul 31, 2024 | Jul 28, 2024 | Apr 30, 2024 | Apr 28, 2024 | Jan 31, 2024 | Jan 28, 2024 | Oct 31, 2023 | Oct 29, 2023 | Jul 31, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 31, 2023 | Jan 29, 2023 | Oct 31, 2022 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | — | — | 14.05 | — | 15.11 | — | 15.27 | — | — | — | 13.81 | — | 14.82 | — | — | — | — | 13.20 | — | — | |
| Number of days of payables | days | — | — | 25.98 | — | 24.16 | — | 23.90 | — | — | — | 26.43 | — | 24.63 | — | — | — | — | 27.65 | — | — |
January 31, 2025 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ —
= —
The analysis of Hormel Foods Corporation's number of days of payables indicates fluctuations over the period between October 2022 and January 2025. The company's days payables outstanding (DPO) ranged from 24.63 days to 27.65 days during this period.
Notably, the company's DPO was 27.65 days on October 30, 2022, indicating that, on average, Hormel Foods takes approximately 27.65 days to pay its outstanding invoices to suppliers. Subsequently, the DPO decreased to 24.63 days by July 30, 2023, but increased again to 26.43 days by October 29, 2023.
Throughout 2024, the DPO remained relatively stable, with values ranging from 23.90 days on April 28, 2024, to 25.98 days on October 27, 2024. The DPO trend suggests that the company manages its payables effectively during this period.
As of January 31, 2025, specific data is not available, indicating either a lack of information or a change in reporting practices. Overall, variations in the number of days of payables for Hormel Foods Corporation reflect changes in its payment terms and working capital management strategies over the analyzed period.