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Pilgrims Pride (Pilgrims Pride) EBIT : $796 Mil (TTM As of Mar. 2024)


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What is Pilgrims Pride EBIT?

Pilgrims Pride's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $268 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $796 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Pilgrims Pride's annualized ROC % for the quarter that ended in Mar. 2024 was 11.42%. Pilgrims Pride's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 25.01%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Pilgrims Pride's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 6.89%.


Pilgrims Pride EBIT Historical Data

The historical data trend for Pilgrims Pride's EBIT 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 EBIT Chart

Pilgrims Pride Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 750.18 287.94 238.18 1,178.15 567.49

Pilgrims Pride Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 39.45 92.84 211.77 223.44 268.24

Competitive Comparison of Pilgrims Pride's EBIT

For the Packaged Foods subindustry, Pilgrims Pride's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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's EV-to-EBIT Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Pilgrims Pride's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Pilgrims Pride's EV-to-EBIT falls into.



Pilgrims Pride EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $796 Mil.

* 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.


Pilgrims Pride  (NAS:PPC) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Pilgrims Pride's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=1059.332 * ( 1 - 22.93% )/( (7186.75 + 7113.776)/ 2 )
=816.4271724/7150.263
=11.42 %

where

Invested Capital(Q: Dec. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=9810.361 - 1925.863 - ( 697.748 - max(0, 2495.867 - 4204.471+697.748))
=7186.75

Invested Capital(Q: Mar. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=9768.34 - 1783.744 - ( 870.82 - max(0, 2279.745 - 4171.877+870.82))
=7113.776

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

Pilgrims Pride's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1072.972/( ( (3425.11 + max(814.868, 0)) + (3430.889 + max(907.793, 0)) )/ 2 )
=1072.972/( ( 4239.978 + 4338.682 )/ 2 )
=1072.972/4289.33
=25.01 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1027.916 + 1985.399 + 229.306) - (1925.863 + 84.958 + 416.932)
=814.868

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1012.171 + 1861.989 + 246.39) - (1783.744 + 45.422 + 383.591)
=907.793

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Pilgrims Pride's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=796.284/11554.204
=6.89 %

* 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.


Pilgrims Pride EBIT Related Terms

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Pilgrims Pride (Pilgrims Pride) Business Description

Traded in Other Exchanges
Address
1770 Promontory Circle, Greeley, CO, USA, 80634-9038
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