Pilgrims Pride Corp (PPC)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,086,440 | 321,574 | 745,930 | 31,000 | 94,757 |
| Total assets | US$ in thousands | 10,650,600 | 9,810,360 | 9,255,770 | 8,913,200 | 7,474,500 |
| ROA | 10.20% | 3.28% | 8.06% | 0.35% | 1.27% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $1,086,440K ÷ $10,650,600K
= 10.20%
Pilgrims Pride Corp's return on assets (ROA) has exhibited fluctuations over the years based on the provided data.
In December 2020, the ROA was at 1.27%, indicating that for every dollar of assets, the company generated a return of 1.27 cents. This figure decreased significantly to 0.35% by December 2021, suggesting a decline in asset efficiency or profitability during that period.
However, the ROA rebounded substantially to 8.06% by December 2022, indicating a notable improvement in the company's ability to generate profits from its assets. This surge in ROA can be attributed to increased operational efficiency, better asset utilization, or enhanced profitability.
Subsequently, by December 2023, the ROA fell to 3.28%, signaling a drop in the company's asset productivity. Despite this dip, Pilgrims Pride Corp managed to achieve a ROA of 10.20% by December 2024, marking a significant performance improvement and demonstrating the company's enhanced ability to generate profits relative to its asset base.
Overall, Pilgrims Pride Corp's ROA has displayed variability over the years, reflecting changes in the company's efficiency in utilizing its assets to generate profits. Investors and stakeholders may closely monitor this metric to assess the company's operational performance and financial health.
Peer comparison
Dec 31, 2024