Pilgrims Pride Corp (PPC)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 4,239,410 | 4,204,590 | 3,731,540 | 3,480,660 | 3,331,370 | 3,077,580 | 3,059,230 | 2,893,610 | 2,840,810 | 2,727,720 | 2,860,200 | 2,781,630 | 2,577,080 | 2,604,240 | 2,582,480 | 2,723,910 | 2,563,760 | 2,420,850 | 2,364,180 | 2,465,910 |
| ROE | 25.63% | 23.43% | 20.28% | 14.10% | 9.65% | 1.04% | 5.52% | 16.27% | 26.26% | 34.38% | 25.87% | 7.59% | 1.20% | -0.22% | -1.28% | 4.69% | 3.70% | 7.71% | 11.13% | 17.81% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $1,086,438K ÷ $4,239,410K
= 25.63%
The Return on Equity (ROE) for Pilgrims Pride Corp has shown fluctuations over the past few quarters. A decreasing trend was observed from March 31, 2020, to December 31, 2021, with the ROE declining from 17.81% to 1.20%. This indicates that the company's profitability in relation to shareholders' equity was diminishing during this period.
However, starting from March 31, 2022, there was a notable improvement in ROE, which continued to increase steadily through December 31, 2024. The ROE reached its peak at 25.63% by the end of December 31, 2024, showcasing a significant recovery and enhanced profitability relative to shareholders' equity.
Overall, the recent trend in ROE indicates a positive turnaround and improved financial performance for Pilgrims Pride Corp, reflecting better utilization of its equity to generate profits for its shareholders. The company seems to have successfully addressed previous challenges and is now delivering stronger returns on equity.
Peer comparison
Dec 31, 2024