Pilgrims Pride Corp (PPC)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 17,897,700 | 17,112,600 | 17,295,900 | 14,639,400 | 11,996,600 |
| Receivables | US$ in thousands | 1,004,330 | 1,129,180 | 1,097,210 | 1,013,440 | 741,992 |
| Receivables turnover | 17.82 | 15.15 | 15.76 | 14.45 | 16.17 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $17,897,700K ÷ $1,004,330K
= 17.82
The receivables turnover ratio for Pilgrims Pride Corp has fluctuated over the past five years. In 2020, the company's receivables turnover was 16.17, indicating that on average, the company collected its accounts receivables approximately 16.17 times during the year.
In 2021, there was a slight decrease in the receivables turnover to 14.45. This could suggest that the company took slightly longer to collect its receivables compared to the previous year.
However, in 2022, the receivables turnover improved to 15.76, indicating a more efficient collection of receivables compared to the previous year.
In 2023, there was a slight decrease in receivables turnover to 15.15, suggesting a minor slowdown in the collection of receivables.
The most notable change occurred in 2024, with a significant increase in the receivables turnover to 17.82. This increase suggests that the company improved its collection efficiency and managed to collect its accounts receivables more frequently throughout the year.
Overall, the fluctuations in Pilgrims Pride Corp's receivables turnover ratio over the five-year period indicate varying levels of efficiency in managing accounts receivables, with a notable improvement in 2024.
Peer comparison
Dec 31, 2024