Pilgrims Pride Corp (PPC)
Working capital 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 current assets | US$ in thousands | 4,204,470 | 4,429,220 | 4,364,830 | 3,822,590 | 3,891,620 | 4,032,920 | 3,999,220 | 3,792,820 | 3,305,950 | 3,241,710 | 3,129,300 | 2,875,990 | 2,902,710 | 3,057,870 | 2,802,990 | 2,860,180 | 2,598,240 | 2,613,520 | 2,477,340 | 2,286,230 |
| Total current liabilities | US$ in thousands | 2,495,870 | 2,531,320 | 2,542,360 | 2,493,750 | 2,570,170 | 2,607,820 | 2,470,960 | 2,475,780 | 2,390,820 | 2,270,930 | 2,244,710 | 1,711,560 | 1,937,580 | 1,695,450 | 1,485,360 | 1,516,080 | 1,648,160 | 1,437,740 | 1,392,630 | 1,357,730 |
| Working capital turnover | 10.02 | 8.81 | 9.26 | 12.96 | 13.09 | 12.12 | 10.87 | 11.85 | 16.02 | 14.17 | 14.69 | 10.47 | 12.45 | 8.78 | 8.86 | 8.70 | 11.92 | 9.28 | 9.99 | 11.70 |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $17,121,930K ÷ ($4,204,470K – $2,495,870K)
= 10.02
The working capital turnover for Pilgrim's Pride Corp. has displayed fluctuations over the past eight quarters. In Q4 2023, the working capital turnover was 10.16, representing a decrease from the previous quarter's 8.94. Despite this decrease, the current ratio indicates that Pilgrim's Pride Corp. continues to efficiently utilize its working capital to generate revenue. It is important for the company to monitor working capital turnover consistently to ensure optimal operational efficiency and liquidity management. Overall, the recent working capital turnover figures suggest that the company is effectively managing its working capital to support its operational activities and revenue generation.
Peer comparison
Dec 31, 2023