Hormel Foods Corporation

NYSE HRL

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Hormel Foods Corporation Accounts Payable Turnover Ratio for the Trailing 12 Months (TTM) ending April 30, 2024: 4.19

Hormel Foods Corporation Accounts Payable Turnover Ratio is 4.19 for the Trailing 12 Months (TTM) ending April 30, 2024, a 6.85% change year over year. The accounts payable turnover ratio measures the number of times a company pays off its accounts payable during a specific period. It is calculated by dividing the company's revenue by its accounts payable. This ratio indicates how efficiently a company manages its outstanding payments to suppliers and vendors. A higher turnover ratio suggests that the company is paying off its obligations quickly, while a lower ratio may indicate a slower payment process or potential liquidity issues.

Hormel Foods Corporation Accounts Payable Turnover Ratio for the Trailing 12 Months (TTM) ending April 30, 2023 was 3.92, a -3.77% change year over year.
Hormel Foods Corporation Accounts Payable Turnover Ratio for the Trailing 12 Months (TTM) ending April 30, 2022 was 4.07, a -4.79% change year over year.
Hormel Foods Corporation Accounts Payable Turnover Ratio for the Trailing 12 Months (TTM) ending April 30, 2021 was 4.28, a -6.99% change year over year.
Hormel Foods Corporation Accounts Payable Turnover Ratio for the Trailing 12 Months (TTM) ending April 30, 2020 was 4.60, a 1.89% change year over year.

NYSE: HRL

Hormel Foods Corporation

CEO	Mr. James P. Snee
IPO Date	Jan. 2, 1990
Location	United States
Headquarters	1 Hormel Place, Austin, MN, United States, 55912-3680
Employees	20,000
Sector	Consumer Defensive
Industry	Packaged foods

Description

Hormel Foods Corporation develops, processes, and distributes various meat, nuts, and other food products to retail, foodservice, deli, and commercial customers in the United States and internationally. It operates through three segments: Retail, Foodservice, and International segments. The company provides various perishable products that include fresh meats, frozen items, refrigerated meal solutions, sausages, hams, guacamoles, and bacons; and shelf-stable products comprising canned luncheon meats, nut butters, snack nuts, chili, shelf-stable microwaveable meals, hash, stews, tortillas, salsas, tortilla chips, nutritional food supplements, and others. It sells its products under the HORMEL, ALWAYS TENDER, APPLEGATE, AUSTIN BLUES, BACON 1, BLACK LABEL, BREAD READY, BURKE, CAFÉ H, CERATTI, CHI-CHI'S, COLUMBUS, COMPLEATS, CORN NUTS, CURE 81, DAN'S PRIZE, DI LUSSO, DINTY MOORE, DON MIGUEL, DOÑA MARIA, EMBASA, FAST "N EASY, FIRE BRAISED, FONTANINI, HAPPY LITTLE PLANTS, HERDEZ, HORMEL GATHERINGS, HORMEL SQUARE TABLE, HORMEL VITAL CUISINE, HOUSE OF TSANG, JENNIE-O, JUSTIN'S, LA VICTORIA, LAYOUT, LLOYD'S, MARY KITCHEN, MR. PEANUT, NATURAL CHOICE, NUT-RITION, OLD SMOKEHOUSE, OVEN READY, PILLOW PACK, PLANTERS, ROSA GRANDE, SADLER'S SMOKEHOUSE, SKIPPY, SPAM, SPECIAL RECIPE, THICK & EASY, VALLEY FRESH, AND WHOLLY brands through sales personnel, independent brokers, and distributors. The company was formerly known as Geo. A. Hormel & Company and changed its name to Hormel Foods Corporation in January 1995. Hormel Foods Corporation was founded in 1891 and is headquartered in Austin, Minnesota.

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