Hormel Foods (BSP:H1RL34) Accounts Payable & Accrued Expense : R$5,381 Mil (As of Jan. 2024)

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What is Hormel Foods Accounts Payable & Accrued Expense?

Hormel Foods's quarterly accounts payable & accrued expense increased from Jul. 2023 (R$5,433 Mil) to Oct. 2023 (R$5,551 Mil) but then declined from Oct. 2023 (R$5,551 Mil) to Jan. 2024 (R$5,381 Mil).

Hormel Foods's annual accounts payable & accrued expense declined from Oct. 2021 (R$6,304 Mil) to Oct. 2022 (R$6,226 Mil) and declined from Oct. 2022 (R$6,226 Mil) to Oct. 2023 (R$5,551 Mil).

Hormel Foods Accounts Payable & Accrued Expense Historical Data

The historical data trend for Hormel Foods's Accounts Payable & Accrued Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Hormel Foods Accounts Payable & Accrued Expense Chart

Hormel Foods Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Accounts Payable & Accrued Expense

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3,540.60

5,441.69

6,303.96

6,225.83

5,550.96

Hormel Foods Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															5,975.79	5,360.91	5,433.03	5,550.96	5,380.65

Hormel Foods Accounts Payable & Accrued Expense Calculation

Accounts payable & accrued expense usually includes accounts payable, accrued compensation and related benefits, etc.

Accounts payable is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.

It is part of the current portion of the liabilities (due within one year or within the normal operating cycle if longer) reflected on the balace sheet of the company. A higher Accounts Payable means lower Working Capital needed to operate the business.

Hormel Foods (BSP:H1RL34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Hormel Foods Corp (BSP:H1RL34) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

HRL:USA HRL:Mexico HO7:Germany HRL:Austria

Address

1 Hormel Place, Austin, MN, USA, 55912-3680

Website

https://www.hormelfoods.com

Historically meat-focused, Hormel Foods broadened its lineup to include other protein offerings and become a branded food company. The firm sells its wares through multiple channels, including U.S. retail (64% of fiscal 2023 sales), U.S. food service (30%), and international (6%). By product, 53% of fiscal 2022 sales were from perishable food, 27% from shelf-stable, 17% from poultry, and 3% from other products. Major brands include Hormel, Spam, Jennie-O, Columbus, Applegate, Planters, and Skippy. Many of these hold the number one or two market share in their respective categories.

Hormel Foods (BSP:H1RL34) Headlines

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