Pilgrims Pride Corp (PPC)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 9.21 | 8.47 | 8.19 | 9.26 | 8.74 | |
| DOH | days | 39.61 | 43.07 | 44.56 | 39.41 | 41.78 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 9.21
= 39.61
The days of inventory on hand (DOH) for Pilgrims Pride Corp have shown some fluctuations over the past five years. In 2020, the company held inventory for an average of 41.78 days, indicating a moderate level of inventory turnover efficiency. This decreased slightly to 39.41 days in 2021, suggesting a more efficient management of inventory during that period.
However, in 2022, the DOH increased to 44.56 days, signaling that the company was holding onto inventory for a longer period. This trend continued in 2023 with 43.07 days and improved slightly in 2024 to 39.61 days, which is closer to the 2021 level.
Overall, Pilgrims Pride Corp's DOH indicates some variability in inventory management efficiency over the past five years. The company may need to closely monitor its inventory levels and practices to ensure optimal utilization of resources and minimize carrying costs.
Peer comparison
Dec 31, 2024