Pilgrims Pride Corp (PPC)
Number of days of payables
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 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 | 10.80 | 12.27 | 12.75 | 12.82 | |
| Number of days of payables | days | 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 | 33.81 | 29.74 | 28.62 | 28.46 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 12.73
= 28.67
The number of days of payables for Pilgrim`s Pride Corp. has shown a gradual decrease over the last two years, which is a positive trend indicating efficient management of payables. In Q4 2023, the company had 30.59 days of payables, which was lower compared to the same quarter in the previous year when it was 35.12 days. This signifies that the company is taking fewer days to pay its suppliers, potentially improving relationships and cash flow management. The decrease in days of payables from Q1 2023 (33.48 days) to Q4 2023 (30.59 days) also suggests an improvement in the company's liquidity position. Overall, the decreasing trend in the number of days of payables reflects effective management of the company's trade credit obligations.
Peer comparison
Dec 31, 2023