Pilgrims Pride Corp (PPC)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 17,897,700 | 17,112,600 | 17,295,900 | 14,639,400 | 11,996,600 |
| Property, plant and equipment | US$ in thousands | 3,137,890 | 3,158,400 | 2,940,850 | 2,917,810 | 2,657,490 |
| Fixed asset turnover | 5.70 | 5.42 | 5.88 | 5.02 | 4.51 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $17,897,700K ÷ $3,137,890K
= 5.70
The fixed asset turnover of Pilgrims Pride Corp has shown a positive trend over the past five years. It increased from 4.51 in December 2020 to 5.70 in December 2024, indicating an improvement in the company's efficiency in generating sales revenue from its fixed assets. The peak value of 5.88 was achieved in December 2022. This upward trend suggests that the company has been utilizing its fixed assets more effectively to drive sales, which can lead to higher profitability and return on investment. Overall, the increasing fixed asset turnover reflects positively on Pilgrims Pride Corp's operational performance and asset utilization efficiency.
Peer comparison
Dec 31, 2024