Pilgrims Pride (Pilgrims Pride) Days Payable

: 28.79 (As of Dec. 2023)

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Pilgrims Pride's average Accounts Payable for the three months ended in Dec. 2023 was $1,327 Mil. Pilgrims Pride's Cost of Goods Sold for the three months ended in Dec. 2023 was $4,207 Mil. Hence, Pilgrims Pride's Days Payable for the three months ended in Dec. 2023 was 28.79.

The historical rank and industry rank for Pilgrims Pride's Days Payable or its related term are showing as below:

PPC' s Days Payable Range Over the Past 10 Years
Min: 16.99 Med: 27.94 Max: 32.05
Current: 31.3

During the past 13 years, Pilgrims Pride's highest Days Payable was 32.05. The lowest was 16.99. And the median was 27.94.

PPC's Days Payable is ranked worse than
69.31% of 1789 companies
in the Consumer Packaged Goods industry
Industry Median: 45.81 vs PPC: 31.30

Pilgrims Pride's Days Payable declined from Dec. 2022 (32.70) to Dec. 2023 (28.79). It may suggest that Pilgrims Pride accelerated paying its suppliers.

Pilgrims Pride Days Payable Historical Data

The historical data trend for Pilgrims Pride's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Pilgrims Pride Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

28.55

28.87

29.64

32.05

31.14

Pilgrims Pride Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																32.70	33.16	32.08	31.47	28.79

Competitive Comparison

For the Packaged Foods subindustry, Pilgrims Pride's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Pilgrims Pride Days Payable Distribution

For the Consumer Packaged Goods industry and Consumer Defensive sector, Pilgrims Pride's Days Payable distribution charts can be found below:

* The bar in red indicates where Pilgrims Pride's Days Payable falls into.

Pilgrims Pride Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Pilgrims Pride's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (1476.552	+	1294.83)	/	2 )	/	16243.816	*	365
=	1385.691					/	16243.816	*	365
=	31.14

Pilgrims Pride's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1359.636	+	1294.83)	/	2 )	/	4207.255	*	365 / 4
=	1327.233					/	4207.255	*	365 / 4
=	28.79

Pilgrims Pride Days Payable Related Terms

Thank you for viewing the detailed overview of Pilgrims Pride's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Pilgrims Pride (Pilgrims Pride) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Pilgrims Pride Corp (NAS:PPC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

6PP:Germany 6PP:Germany

Address

1770 Promontory Circle, Greeley, CO, USA, 80634-9038

Website

https://www.pilgrims.com

Pilgrim's Pride is the second-largest poultry producer in the U.S. (62% of 2022 sales), the U.K. (28% including other European sales), and Mexico (11%). Its U.K. and European arm also includes pork operations from the 2019 acquisition of Tulip. Pilgrim's sells to chain restaurants, food processors, food distributors, and retail chains. Most of its U.S. and Mexican sales come from fresh chicken, while prepared chicken and pork constitute most of its U.K. and European sales. JBS owns more than 80% of Pilgrim's Pride's outstanding shares, though it failed to acquire the remaining stake in 2021 after a special board committee deemed JBS' offer undervalued Pilgrim's Pride.

Executives

Batista Filho Wesley Mendonca	director	1770 PROMONTORY CIRCLE, GREELEY CO 80634
Matthew R Galvanoni	officer: Chief Financial Officer	5 WESTBROOK CORPORATE CENTER, WESTBROOK IL 60154
Fabio Sandri	officer: Chief Financial Officer	1770 PROMONTORY CIRCLE, GREELEY CO 80634-9038
Raul Padilla	director	C/O BUNGE LTD, 50 MAIN STREET, WHITE PLAINS NY 10606
Maestri Karoleski Joanita Maria	director	C/O PILGRIM'S PRIDE CORP, 1770 PROMONTORY CIRCLE, GREELEY CO 80634
Ajay Menon	director	C/O CONVERA CORPORATION, 1921 GALLOWS RD., VIENNA VA 22182
Jayson Penn	officer: CEO	1770 PROMONTORY CIRCLE, GREELEY CO 80634
Arquimedes Celis	director	1770 PROMONTORY CIRCLE, GREELEY CO 80634
Farha Aslam	director	1770 N PROMOTORY CIRCLE, GREELEY CO 80634
William W Lovette	director, officer: CEO and President	2210 WEST OAKLAWN DRIVE, SPRINGDALE AR 72762
Michael L. Cooper	director	4845 US HIGHWAY 271N, PITTSBURG TX 75686
Vasconcellos Wallim Cruz De Jr	director	116 RUA VISCONDE DE ITAUNA, 116, RIO DE JANEIRO D5 22460140
David E Bell	director	C/O BOSTON ACOUSTICS, INC., 300 JUBILEE DRIVE, PEABODY MA 01960
Charles Macaluso	director
Denilson Molina	director	1770 PROMONTORY CIRCLE, GREELEY CO 80634