Hormel Foods Corporation (HRL)
Number of days of payables
| 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 | Oct 27, 2019 | Jul 28, 2019 | Apr 28, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | — | 14.40 | 15.78 | — | — | 13.72 | — | — | — | 13.03 | 14.33 | 15.33 | 15.51 | 13.29 | 16.00 | 16.92 | 17.14 | 14.15 | 16.30 | 16.12 | |
| Number of days of payables | days | — | 25.35 | 23.13 | — | — | 26.61 | — | — | — | 28.01 | 25.47 | 23.81 | 23.54 | 27.47 | 22.81 | 21.58 | 21.30 | 25.79 | 22.39 | 22.64 |
January 28, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ —
= —
Based on the data provided, Hormel Foods Corp.'s number of days of payables has shown fluctuations over the recent quarters. The number of days of payables was not available in Q1 2024 and Q2 2023. In Q4 2023, the company's payables were outstanding for an average of 27.85 days, indicating that the company took approximately 27.85 days to pay its suppliers. In Q3 2023, the number of days of payables decreased to 25.31 days. In comparison, in Q4 2022, the company's payables were outstanding for an average of 28.95 days.
Overall, the trend in the number of days of payables suggests that Hormel Foods Corp. has been managing its accounts payable efficiently, with a decreasing trend in the time taken to pay its suppliers. However, the fluctuations in the data indicate that the company's payment practices may vary from quarter to quarter, which could be influenced by factors such as cash flow management, supplier relationships, and operational efficiencies.