Hormel Foods Corporation (HRL)
Payables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 10,407,490 | 10,567,610 | 10,334,300 | 10,121,520 | 10,199,620 | 10,258,950 | 10,559,060 | 10,845,630 | 10,822,700 | 10,850,600 | 10,653,160 | 10,187,440 | 10,423,890 | 10,380,020 | 10,830,080 | 10,883,400 | 10,954,270 | 10,780,300 | 10,349,630 | 10,557,650 |
| Payables | US$ in thousands | — | — | 735,604 | — | 675,167 | — | 691,498 | — | — | — | 771,397 | — | 703,407 | — | — | — | — | 816,604 | — | — |
| Payables turnover | — | — | 14.05 | — | 15.11 | — | 15.27 | — | — | — | 13.81 | — | 14.82 | — | — | — | — | 13.20 | — | — |
January 31, 2025 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $10,407,490K ÷ $—K
= —
The payables turnover ratio measures how efficiently a company manages its accounts payable by indicating how many times, on average, a company pays off its suppliers during a specific period.
Analyzing the payables turnover data provided for Hormel Foods Corporation, we observe the following pattern:
- The payables turnover for Hormel Foods Corporation on October 30, 2022, stands at 13.20. This indicates that during this period, the company paid its suppliers approximately 13.20 times, demonstrating relatively efficient management of its accounts payable.
- Subsequent periods show a lack of data availability as the payables turnover ratios are not provided.
- A notable increase in payables turnover is noted on July 30, 2023, with a ratio of 14.82. This suggests an improvement in paying off suppliers more frequently during this period.
- The trend continues to fluctuate over the following quarters with a ratio of 13.81 on October 29, 2023, 15.27 on April 28, 2024, 15.11 on July 28, 2024, and 14.05 on October 27, 2024. These figures indicate a consistent effort to effectively manage payables and maintain good relations with suppliers.
- As of the latest available data on January 31, 2025, the payables turnover ratio is not provided, which limits the ability to assess the company's recent performance in managing accounts payable.
In conclusion, based on the available data, Hormel Foods Corporation appears to be maintaining a relatively stable and efficient payables turnover ratio, signifying effective management of its accounts payable and relationships with its suppliers.