Pilgrims Pride Corp (PPC)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 12.66 | 12.75 | 10.27 | 10.59 | 11.54 | |
| Number of days of payables | days | 28.83 | 28.64 | 35.55 | 34.47 | 31.63 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 12.66
= 28.83
The number of days of payables for Pilgrims Pride Corp has shown some fluctuation over the years. From December 31, 2020, to December 31, 2024, the trend indicates an increase in the number of days it takes the company to pay its payables.
Specifically, the number of days of payables increased from 31.63 days in 2020 to 34.47 days in 2021, and continued to rise to 35.55 days in 2022. However, there was a noticeable decrease in the number of days of payables to 28.64 days by December 31, 2023, followed by a slight increase to 28.83 days by December 31, 2024.
Overall, the number of days of payables for Pilgrims Pride Corp has shown some variability but appears to have stabilized around the 28-35 days range in recent years. This indicates the company's payment practices and ability to manage its payables effectively throughout the years.
Peer comparison
Dec 31, 2024