Hormel Foods Corporation (HRL)

Cash conversion cycle

Oct 31, 2025 Oct 31, 2024 Oct 27, 2024 Oct 31, 2023 Oct 29, 2023
Days of inventory on hand (DOH) days 62.44 58.12 52.65 60.67 55.22
Days of sales outstanding (DSO) days 26.58 26.59 26.59 24.85 25.01
Number of days of payables days 26.14 27.12 24.57 27.85 25.35
Cash conversion cycle days 62.88 57.59 54.67 57.67 54.88

October 31, 2025 calculation

Cash conversion cycle = DOH + DSO – Number of days of payables
= 62.44 + 26.58 – 26.14
= 62.88