Hormel Foods (BSP:H1RL34) Construction In Progress : R$1,058 Mil (As of Jan. 2024)

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What is Hormel Foods Construction In Progress?

Hormel Foods's quarterly construction in progress declined from Jul. 2023 (R$1,039 Mil) to Oct. 2023 (R$989 Mil) but then increased from Oct. 2023 (R$989 Mil) to Jan. 2024 (R$1,058 Mil).

Hormel Foods's annual construction in progress declined from Oct. 2021 (R$1,754 Mil) to Oct. 2022 (R$1,136 Mil) and declined from Oct. 2022 (R$1,136 Mil) to Oct. 2023 (R$989 Mil).

Hormel Foods Construction In Progress Historical Data

The historical data trend for Hormel Foods's Construction In Progress 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 Construction In Progress Chart

Hormel Foods Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Construction In Progress

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1,045.90

2,078.28

1,753.67

1,135.75

989.26

Hormel Foods Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Construction In Progress	Get a 7-Day Free Trial															1,178.15	1,008.81	1,039.20	989.26	1,057.84

Hormel Foods Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

Hormel Foods (BSP:H1RL34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Hormel Foods Corp (BSP:H1RL34) » Definitions » Construction In Progress

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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