Pilgrims Pride Corp (PPC)
Fixed asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 17,845,240 | 17,920,260 | 17,637,730 | 17,321,630 | 17,121,930 | 16,725,710 | 16,871,300 | 17,222,890 | 17,295,990 | 17,269,750 | 16,618,380 | 15,613,130 | 14,664,000 | 13,755,120 | 12,996,470 | 12,195,720 | 12,013,720 | 11,959,380 | 11,675,740 | 11,696,170 |
| Property, plant and equipment | US$ in thousands | 3,137,890 | 3,112,620 | 3,123,030 | 3,151,780 | 3,158,400 | 3,103,420 | 3,085,540 | 2,997,300 | 2,940,850 | 2,812,050 | 2,853,890 | 2,890,020 | 2,917,810 | 2,848,470 | 2,677,390 | 2,682,370 | 2,657,490 | 2,585,820 | 2,548,560 | 2,562,790 |
| Fixed asset turnover | 5.69 | 5.76 | 5.65 | 5.50 | 5.42 | 5.39 | 5.47 | 5.75 | 5.88 | 6.14 | 5.82 | 5.40 | 5.03 | 4.83 | 4.85 | 4.55 | 4.52 | 4.62 | 4.58 | 4.56 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $17,845,240K ÷ $3,137,890K
= 5.69
The fixed asset turnover ratio of Pilgrims Pride Corp has shown a generally increasing trend over the analyzed period from March 31, 2020, to December 31, 2024. The ratio started at 4.56 in March 2020 and gradually increased to 5.69 by December 2024. This indicates that the company generated $5.69 in sales for every $1 invested in fixed assets at the end of December 2024.
The consistent improvement in the fixed asset turnover ratio suggests that Pilgrims Pride Corp has been utilizing its fixed assets more efficiently to generate sales over time. A higher fixed asset turnover ratio is typically seen as favorable as it indicates that the company is generating more revenue from its fixed assets.
The peak in the fixed asset turnover ratio at 6.14 in September 30, 2022, indicates a particularly efficient utilization of fixed assets during that period. However, the ratio slightly declined afterwards but remained relatively stable above 5.00, indicating continued efficiency in generating sales from fixed assets.
Overall, the increasing trend in the fixed asset turnover ratio reflects positively on Pilgrims Pride Corp's operational efficiency in utilizing its fixed assets to drive revenue growth over the analyzed period.
Peer comparison
Dec 31, 2024