Hormel Foods Corporation (HRL)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 12,163,430 | 12,073,060 | 11,822,320 | 11,549,900 | 11,648,370 | 11,728,510 | 12,039,240 | 12,352,980 | 12,319,370 | 12,285,720 | 12,065,280 | 11,856,860 | 11,848,700 | 12,187,250 | 12,473,890 | 12,537,310 | 12,664,070 | 12,477,150 | 12,257,230 | 12,250,940 |
| Receivables | US$ in thousands | — | — | 868,288 | — | 727,054 | — | 731,984 | — | 751,048 | — | 824,633 | — | 793,744 | — | — | 794,358 | — | 874,770 | — | — |
| Receivables turnover | — | — | 13.62 | — | 16.02 | — | 16.45 | — | 16.40 | — | 14.63 | — | 14.93 | — | — | 15.78 | — | 14.26 | — | — |
January 31, 2025 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $12,163,430K ÷ $—K
= —
Based on the receivables turnover data provided for Hormel Foods Corporation, we can observe that the company's receivables turnover ratio has shown fluctuations over the timeframe specified. The receivables turnover ratio indicates how efficiently a company is able to collect outstanding receivables during a specific period.
Here are the key points regarding the receivables turnover for Hormel Foods Corporation:
1. In October 2022, the receivables turnover ratio was 14.26, indicating that the company collected its outstanding receivables approximately 14.26 times during that period.
2. Subsequently, in January 2023, there was an improvement in the receivables turnover ratio, reaching 15.78, suggesting that the company became more efficient in collecting receivables.
3. The trend continued to improve, with the receivables turnover ratio increasing to 16.40 in January 2024, and further to 16.45 in April 2024, reflecting a consistent enhancement in the collection of receivables.
4. However, in July 2024, there was a slight decline in the receivables turnover ratio to 16.02, indicating a temporary decrease in the efficiency of collecting receivables.
5. The latest available data for January 2025 indicates that the receivables turnover ratio is not provided, making it challenging to assess the most recent trend in the collection of receivables.
Overall, the trend in Hormel Foods Corporation's receivables turnover ratio shows fluctuations with periods of improvement in efficiency in collecting receivables. It is important for the company to maintain a consistent and efficient collection process to ensure healthy cash flow and liquidity management.