Pilgrims Pride Corp (PPC)
Net profit margin
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 321,574 | 31,945 | 169,019 | 470,679 | 745,930 | 937,660 | 740,033 | 211,230 | 31,000 | -5,675 | -32,954 | 127,697 | 94,757 | 186,758 | 263,077 | 439,181 | 455,924 | 356,520 | 276,065 | 212,538 |
| 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 |
| Net profit margin | 1.88% | 0.19% | 1.00% | 2.73% | 4.31% | 5.43% | 4.45% | 1.35% | 0.21% | -0.04% | -0.25% | 1.05% | 0.79% | 1.56% | 2.25% | 3.75% | 4.03% | 3.27% | 2.55% | 1.96% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $321,574K ÷ $17,121,930K
= 1.88%
Net profit margin is a key financial ratio that reflects a company's profitability by measuring the percentage of revenue that translates into net income. A higher net profit margin indicates better cost management and higher efficiency in generating profits.
Looking at the net profit margin trend of Pilgrim`s Pride Corp. over the past eight quarters, there appears to be some fluctuation. In Q4 2022, the company achieved a relatively high net profit margin of 4.27%, which then decreased in subsequent quarters, reaching a low of 0.19% in Q3 2023.
It is noteworthy that the net profit margin in the most recent quarter, Q4 2023, rebounded to 1.85%, showing improvement compared to the previous two quarters. However, when compared to the same quarter last year (Q4 2022), the net profit margin has declined significantly.
The fluctuations in net profit margin could be attributed to various factors such as changes in raw material costs, operating expenses, pricing strategies, or overall revenue performance. It is important for Pilgrim`s Pride Corp. to closely monitor and manage these factors to ensure sustained profitability and long-term financial health. Further analysis and comparison with industry benchmarks could provide more insights into the company's performance and competitiveness in the market.
Peer comparison
Dec 31, 2023