Hormel Foods Corporation (HRL)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 16.69% | 16.61% | 16.92% | 16.89% | 17.22% | 17.47% | 17.32% | 16.89% | 16.92% | 17.00% | 17.51% | 18.35% | 18.70% | 19.03% | 19.24% | 19.53% | 19.61% | 19.88% | 20.24% | 20.34% |
| Operating profit margin | 8.85% | 8.90% | 9.64% | 10.19% | 10.41% | 10.59% | 10.37% | 9.84% | 9.85% | 9.90% | 10.09% | 11.01% | 11.25% | 11.47% | 11.83% | 12.01% | 12.31% | 12.62% | 12.57% | 12.49% |
| Pretax margin | 8.44% | 8.42% | 9.28% | 9.90% | 10.15% | 10.31% | 10.13% | 9.57% | 9.72% | 9.93% | 10.19% | 11.25% | 11.39% | 11.61% | 11.98% | 12.11% | 12.54% | 12.75% | 12.70% | 12.58% |
| Net profit margin | 6.59% | 6.59% | 7.24% | 7.66% | 7.94% | 8.07% | 7.97% | 7.74% | 7.77% | 8.01% | 8.35% | 9.02% | 9.18% | 9.46% | 9.60% | 9.65% | 10.31% | 10.32% | 10.36% | 10.40% |
Hormel Foods Corp. has shown consistency in maintaining its gross profit margin around the mid-teens range over the past quarters. The operating profit margin, though slightly declining in the recent quarters, has remained relatively stable above the 8% mark. The pretax margin has also displayed a consistent trend, with a slight decrease, hovering around the 8-10% range. The net profit margin has followed a similar pattern, indicating efficient cost management and revenue generation, albeit with a slight decline in the most recent quarters. Overall, Hormel Foods Corp. has exhibited a decent level of profitability over the analyzed period.
Return on investment
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 7.90% | 7.97% | 8.71% | 9.34% | 9.65% | 9.86% | 9.92% | 9.29% | 9.15% | 8.84% | 8.45% | 10.96% | 10.92% | 11.10% | 11.92% | 13.72% | 14.12% | 14.75% | 15.02% | 15.06% |
| Return on assets (ROA) | 5.88% | 5.90% | 6.54% | 7.01% | 7.36% | 7.51% | 7.62% | 7.31% | 7.22% | 7.16% | 6.99% | 8.98% | 8.91% | 9.16% | 9.68% | 11.02% | 11.82% | 12.07% | 12.38% | 12.54% |
| Return on total capital | 10.70% | 10.77% | 11.89% | 11.63% | 12.07% | 12.38% | 12.51% | 11.69% | 11.60% | 11.36% | 10.77% | 14.69% | 14.84% | 15.20% | 16.07% | 18.89% | 18.87% | 19.89% | 20.02% | 20.01% |
| Return on equity (ROE) | 10.13% | 10.26% | 11.38% | 12.15% | 12.85% | 13.27% | 13.61% | 13.08% | 13.04% | 13.03% | 12.69% | 13.25% | 13.55% | 14.13% | 14.83% | 15.02% | 16.09% | 16.53% | 16.73% | 16.88% |
Hormel Foods Corp. has shown consistent profitability over the analyzed periods, as seen through various profitability ratios.
The operating return on assets (Operating ROA) has ranged from 7.79% to 9.69% over the last 8 quarters. This ratio indicates the company's ability to generate profits from its assets before interest and taxes. The downward trend from Q1 2023 to Q1 2024 may suggest some challenges in efficiently utilizing the total assets.
The Return on Assets (ROA) has also shown a stable performance, fluctuating between 5.88% and 7.51% over the same period. ROA measures the company's ability to generate profits from its total assets. The decline from Q1 2023 to Q1 2024 is a point to note, indicating a potential decrease in the company's asset utilization efficiency.
Return on total capital and Return on equity (ROE) ratios have shown consistent upward trends from Q1 2023 to Q1 2024. These ratios indicate how well the company is generating profits from its capital and shareholders' equity, respectively. The increasing values suggest that Hormel Foods Corp. is effectively utilizing both the total capital and equity to generate higher returns for its investors.
Overall, the profitability ratios of Hormel Foods Corp. demonstrate relatively healthy financial performance, although there may be some efficiency challenges in asset utilization, as indicated by the slight declines in some of the ROA-related ratios. Continued monitoring of these ratios will be important to ensure sustained profitability and efficient use of the company's resources.