Pilgrims Pride Corp (PPC)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 12.63 | 12.78 | 13.46 | 13.81 | 12.73 | — | — | 10.90 | 10.26 | 10.45 | 10.57 | 10.62 | 10.58 | 11.62 | 11.85 | 11.69 | 11.53 | 12.84 | 12.85 | 12.16 | |
| Number of days of payables | days | 28.91 | 28.56 | 27.11 | 26.42 | 28.67 | — | — | 33.48 | 35.59 | 34.94 | 34.52 | 34.35 | 34.50 | 31.42 | 30.79 | 31.23 | 31.67 | 28.43 | 28.40 | 30.02 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 12.63
= 28.91
Pilgrims Pride Corp's number of days of payables has shown some fluctuations over the observed periods. The average payment period to suppliers was around 30 days in the recent past, indicating that the company takes approximately a month to pay its trade payables.
There was a slight increase in the number of days of payables from December 2021 to March 2022, followed by a further increase to 34.94 days by September 2022. This upward trend continued until December 2022 when it reached 35.59 days, signaling a potential delay in settling its accounts payable.
However, there was a notable decline in the number of days of payables by March 2023 to 33.48 days, and subsequently, the data for June and September 2023 are missing. The number of days of payables dropped significantly to 26.42 days by March 2024, reflecting a potential improvement in the company's ability to manage its trade payables efficiently.
Overall, the trend in Pilgrims Pride Corp's number of days of payables suggests some variability but maintaining an average payment period of about a month, with potential fluctuations indicating changes in the company's payment policies or financial conditions. Monitoring this ratio can provide insights into the company's liquidity, cash flow management, and supplier relationships.
Peer comparison
Dec 31, 2024