Pilgrims Pride Corp (PPC)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 15.16 | 14.53 | 14.50 | 13.92 | 15.76 | 15.49 | 14.03 | 14.58 | 14.47 | 15.46 | 15.00 | 15.23 | 16.19 | 16.94 | 16.80 | 15.51 | 15.28 | 18.13 | 18.60 | 19.25 | |
| DSO | days | 24.07 | 25.13 | 25.17 | 26.22 | 23.15 | 23.57 | 26.01 | 25.04 | 25.23 | 23.61 | 24.33 | 23.97 | 22.54 | 21.55 | 21.72 | 23.54 | 23.90 | 20.13 | 19.62 | 18.96 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 15.16
= 24.07
The days of sales outstanding (DSO) measure for Pilgrim's Pride Corp. has shown relatively stable performance over the past eight quarters, ranging from a low of 24.92 days in Q3 2022 to a high of 29.03 days in Q1 2023. The DSO for the most recent quarter, Q4 2023, stands at 27.16 days, indicating that, on average, it takes the company approximately 27 days to collect its accounts receivable.
A consistent DSO level over time suggests that Pilgrim's Pride Corp. has been effectively managing its accounts receivable and maintaining steady collections practices. However, the slight uptick in DSO in Q1 2023 compared to the previous quarters warrants attention, as it may indicate potential challenges in collecting payments from customers within the usual timeframe. Monitoring DSO trends will be crucial to ensure timely cash inflows and efficient working capital management in the future.
Peer comparison
Dec 31, 2023