Pilgrims Pride Corp (PPC)
Total asset 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 |
| Total assets | US$ in thousands | 10,650,600 | 10,700,500 | 10,078,500 | 9,768,340 | 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 |
| Total asset turnover | 1.68 | 1.67 | 1.75 | 1.77 | 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 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $17,845,240K ÷ $10,650,600K
= 1.68
The total asset turnover of Pilgrims Pride Corp has shown fluctuations over the past few years, ranging from 1.56 to 1.90. The ratio peaked at 1.90 on September 30, 2022, indicating that the company generated $1.90 in revenue for each dollar of assets during that period. This could suggest efficient asset utilization and strong sales performance. However, the ratio declined in subsequent periods but generally remained above 1.50, indicating that the company has been effectively using its assets to generate sales revenue. It would be beneficial for the company to investigate the factors contributing to these fluctuations and assess any potential impact on the overall business performance.
Peer comparison
Dec 31, 2024