Pilgrims Pride Corp (PPC)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 12.75 | 10.27 | 10.59 | 11.54 | 10.81 | |
| Number of days of payables | days | 28.64 | 35.55 | 34.47 | 31.63 | 33.77 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 12.75
= 28.64
The number of days of payables for Pilgrim`s Pride Corp. has fluctuated over the past five years. The company's ability to pay off its suppliers within a certain period improved in 2023 compared to the previous year, with the number of days of payables decreasing to 30.59 days from 35.12 days in 2022. This suggests that the company has been managing its payable obligations more efficiently, potentially improving its cash flow position.
However, when compared to 2021 and 2019, the number of days of payables in 2023 is slightly higher. This indicates that in those years, the company took a bit longer to settle its payables. Overall, the trend in the number of days of payables for Pilgrim`s Pride Corp. shows some fluctuations but generally suggests a reasonable ability to manage its supplier payments.
Peer comparison
Dec 31, 2023