Pilgrims Pride Corp (PPC)
Total asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 11,323,080 | 10,916,380 | 10,833,440 | 10,859,590 |
| Total assets | US$ in thousands | 9,810,360 | 9,927,820 | 9,922,510 | 9,227,500 | 9,255,770 | 9,079,010 | 9,322,930 | 9,317,870 | 8,913,200 | 8,832,840 | 7,748,840 | 7,480,760 | 7,474,500 | 7,469,500 | 7,156,580 | 7,251,980 | 7,102,360 | 6,603,130 | 6,527,920 | 6,372,930 |
| Total asset turnover | 1.75 | 1.68 | 1.70 | 1.87 | 1.87 | 1.90 | 1.78 | 1.68 | 1.65 | 1.56 | 1.68 | 1.63 | 1.61 | 1.60 | 1.63 | 1.61 | 1.59 | 1.65 | 1.66 | 1.70 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $17,121,930K ÷ $9,810,360K
= 1.75
The total asset turnover of Pilgrim`s Pride Corp. has fluctuated over the past eight quarters. The company's ability to generate sales relative to its total assets has ranged from 1.69 to 1.91. In general, the higher the total asset turnover, the more efficiently the company is utilizing its assets to generate revenue.
Looking at the trend, we can see that there was a slight decline in total asset turnover from Q1 2022 to Q3 2022, followed by an increase in Q4 2022. Subsequently, there was a downward trend in Q1 2023, but this was followed by an increase in Q2 2023. However, in Q3 2023, there was a slight decrease again.
Overall, the total asset turnover of Pilgrim`s Pride Corp. has been relatively stable, indicating that the company has been able to efficiently utilize its assets to generate revenue during the periods analyzed. It would be beneficial to monitor future changes in total asset turnover to assess the company's ongoing operational efficiency.
Peer comparison
Dec 31, 2023