Pilgrims Pride Corp (PPC)
Return on total capital
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 566,751 | 254,517 | 404,037 | 824,593 | 1,177,537 | 1,342,807 | 1,102,754 | 463,967 | 237,914 | 200,472 | 165,883 | 315,062 | 287,630 | 392,360 | 494,164 | 750,042 | 749,563 | 613,966 | 521,300 | 427,421 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Return on total capital | 17.01% | 8.27% | 13.21% | 28.50% | 41.45% | 49.23% | 38.56% | 16.68% | 9.23% | 7.70% | 6.42% | 11.57% | 11.22% | 16.21% | 20.90% | 30.42% | 29.68% | 26.47% | 23.03% | 20.02% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $566,751K ÷ ($—K + $3,331,370K)
= 17.01%
The return on total capital for Pilgrim's Pride Corp. has shown fluctuations over the past eight quarters. In Q4 2023, the return on total capital was 8.38%, which was higher compared to Q3 2023 at 4.80%. The return on total capital had also decreased compared to the previous quarters, with Q2 2023 at 6.73% and Q1 2023 at 13.64%.
Looking further back, the return on total capital in Q4 2022 was 19.70%, showing a decline from the previous quarter. However, it was notably higher than the return on total capital in Q3 2022 at 21.73%. The trend continued in the earlier quarters of 2022, with Q2 2022 at 17.29% and Q1 2022 at 7.36%.
Overall, the return on total capital for Pilgrim's Pride Corp. has fluctuated throughout the past eight quarters, showing varying levels of profitability and efficiency in utilizing both debt and equity capital. It would be important for stakeholders to further analyze the factors driving these fluctuations to assess the company's financial performance and prospects.
Peer comparison
Dec 31, 2023