Pilgrims Pride Corp (PPC)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 522,286 | 260,463 | 393,292 | 805,925 | 1,176,595 | 1,309,173 | 1,090,748 | 454,713 | 211,164 | 195,610 | 169,121 | 319,541 | 245,463 | 291,755 | 385,652 | 637,913 | 690,569 | 628,412 | 525,573 | 431,135 |
| 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 |
| Operating profit margin | 3.05% | 1.56% | 2.33% | 4.68% | 6.80% | 7.58% | 6.56% | 2.91% | 1.44% | 1.42% | 1.30% | 2.62% | 2.04% | 2.44% | 3.30% | 5.45% | 6.10% | 5.76% | 4.85% | 3.97% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $522,286K ÷ $17,121,930K
= 3.05%
Pilgrim's Pride Corp.'s operating profit margin has shown fluctuations over the past eight quarters. In Q4 2023, the operating profit margin was 3.26%, marking a decrease from the previous quarter's margin of 1.94%. This decrease may signal potential challenges in the company's operational efficiency during the period. Comparing Q4 2023 to the same quarter in the previous year, there has been a significant decline from an operating profit margin of 6.91% to 3.26%, reflecting a notable deterioration in profitability.
It is worth noting that Q1 2023 had the highest operating profit margin of 4.85% among the quarters analyzed, indicating a relatively stronger performance during that period. However, this was followed by a downward trend in the subsequent quarters, reaching a low of 1.94% in Q3 2023 before a slight improvement in Q4 2023.
Overall, the varying operating profit margins suggest volatility in Pilgrim's Pride Corp.'s profitability and operational performance in recent quarters. Further analysis of the factors contributing to these fluctuations, such as changes in revenue, costs, and efficiency measures, would provide deeper insights into the company's financial health and outlook.
Peer comparison
Dec 31, 2023