Pilgrims Pride Corp (PPC)
Return on assets (ROA)
| 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 |
| Total assets | US$ in thousands | 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 | 7,102,360 | 6,603,130 | 6,527,920 | 6,372,930 |
| ROA | 3.28% | 0.32% | 1.70% | 5.10% | 8.06% | 10.33% | 7.94% | 2.27% | 0.35% | -0.06% | -0.43% | 1.71% | 1.27% | 2.50% | 3.68% | 6.06% | 6.42% | 5.40% | 4.23% | 3.34% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $321,574K ÷ $9,810,360K
= 3.28%
Based on the historical data provided, Pilgrim's Pride Corp.'s return on assets (ROA) has exhibited fluctuations over the past eight quarters. The ROA has ranged from a low of 0.32% in Q3 2023 to a high of 10.33% in Q3 2022. The company's ROA experienced a sharp decline in Q3 2023 compared to the previous quarters but showed some improvement in Q4 2023.
Overall, Pilgrim's Pride Corp.'s ROA has been relatively volatile, indicating fluctuations in the company's ability to generate profits from its assets. It is important for the company to closely monitor and analyze the factors influencing its ROA to ensure sustainable and consistent performance in utilizing its assets efficiently to generate returns for its stakeholders.
Peer comparison
Dec 31, 2023