Pilgrims Pride Corp (PPC)
Receivables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 17,845,240 | 17,920,260 | 17,637,730 | 17,321,630 | 17,121,930 | 16,725,710 | 16,871,300 | 17,222,890 | 17,295,990 | 17,269,750 | 16,618,380 | 15,613,130 | 14,664,000 | 13,755,120 | 12,996,470 | 12,195,720 | 12,013,720 | 11,959,380 | 11,675,740 | 11,696,170 |
| Receivables | US$ in thousands | 1,004,330 | 1,067,650 | 1,045,860 | 1,049,410 | 1,129,180 | 1,151,440 | 1,163,420 | 1,237,370 | 1,097,210 | 1,115,160 | 1,184,220 | 1,071,100 | 1,013,440 | 889,586 | 866,476 | 800,838 | 741,992 | 706,123 | 694,845 | 754,246 |
| Receivables turnover | 17.77 | 16.78 | 16.86 | 16.51 | 15.16 | 14.53 | 14.50 | 13.92 | 15.76 | 15.49 | 14.03 | 14.58 | 14.47 | 15.46 | 15.00 | 15.23 | 16.19 | 16.94 | 16.80 | 15.51 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $17,845,240K ÷ $1,004,330K
= 17.77
Receivables turnover ratio measures how efficiently a company is able to collect cash from its credit sales. It is calculated by dividing the total credit sales by the average accounts receivable balance.
Based on the data provided for Pilgrims Pride Corp, the receivables turnover ratio has fluctuated over the quarters. It ranged from a low of 13.92 in March 31, 2023, to a high of 17.77 in December 31, 2024. A higher ratio indicates that the company is collecting its receivables more quickly.
Overall, the trend of the receivables turnover ratio for Pilgrims Pride Corp seems relatively stable with some fluctuations observed. It is important for the company to monitor this ratio consistently to ensure efficient management of its accounts receivable and cash flows.
Peer comparison
Dec 31, 2024