Pilgrims Pride Corp (PPC)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 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 | 2,525,660 | 2,319,860 | 2,263,350 | 2,134,600 |
| ROE | 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% | 18.05% | 15.37% | 12.20% | 9.96% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $321,574K ÷ $3,331,370K
= 9.65%
To analyze Pilgrim`s Pride Corp.'s return on equity (ROE), we can see a fluctuating trend over the past eight quarters.
In Q4 2023, the ROE stands at 9.65%, showing a slight improvement compared to the previous quarter's ROE of 1.04%. This increase indicates a positive upturn in the utilization of equity to generate profits.
The ROE of 5.52% in Q2 2023 was lower than the Q1 2023 ROE of 16.27%. This sudden decrease may suggest a decline in the company's ability to generate returns on its shareholders' equity.
The highest ROE in the dataset was recorded in Q3 2022 at 34.38%, followed by Q4 2022 at 26.26%. These quarters reflect strong performance in utilizing equity to generate profits.
Overall, the ROE of Pilgrim`s Pride Corp. has varied significantly over the past eight quarters, showing both peaks and troughs. Investors and analysts may want to investigate the factors contributing to these fluctuations to assess the company's financial performance and profitability efficiency.
Peer comparison
Dec 31, 2023