Pilgrims Pride Corp (PPC)
Return on assets (ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,086,438 | 985,237 | 756,655 | 490,808 | 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 |
| Total assets | US$ in thousands | 10,650,600 | 10,700,500 | 10,078,500 | 9,768,340 | 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 |
| ROA | 10.20% | 9.21% | 7.51% | 5.02% | 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% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $1,086,438K ÷ $10,650,600K
= 10.20%
Pilgrims Pride Corp's return on assets (ROA) has demonstrated fluctuations over the analyzed periods. The ROA started at 6.06% as of March 31, 2020, and declined steadily to 1.27% by the end of December 31, 2020. Subsequently, there was a slight improvement in ROA to 1.71% by the end of March 31, 2021. However, from June 30, 2021, to September 30, 2021, there were negative ROA figures, indicating a period of less profitability relative to the assets employed.
The trend reversed from December 31, 2021, with a positive ROA of 0.35%, gradually increasing in subsequent periods. Notably, the ROA saw significant improvement from June 30, 2022, to December 31, 2024, reaching a peak of 10.20%. This demonstrates the company's ability to generate higher returns on its assets during that period.
Overall, Pilgrims Pride Corp's ROA trend indicates periods of both stability and volatility, with a recent positive upturn suggesting improved asset utilization efficiency and profitability.
Peer comparison
Dec 31, 2024