Pilgrims Pride's total inventories for the quarter that ended in Dec. 2023 was $1,985 Mil. Pilgrims Pride's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $1,991 Mil.
In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Pilgrims Pride's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-16.97.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Pilgrims Pride's Days Inventory for the
three
months ended in Dec. 2023 was 43.18.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Pilgrims Pride's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.11.
Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
Pilgrims Pride's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.44.
Pilgrims Pride Total Inventories Historical Data
The historical data trend for Pilgrims Pride's Total Inventories 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
Total Inventories
1,383.54
1,358.79
1,575.66
1,990.18
1,985.40
Pilgrims Pride Quarterly Data
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Total Inventories
1,990.18
2,022.11
2,047.82
1,996.72
1,985.40
Pilgrims Pride Total Inventories Calculation
Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.
Pilgrims Pride (NAS:PPC) Total Inventories Explanation
Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.
1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.
Pilgrims Pride's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is
4. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
Pilgrims Pride's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as
* 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.
Be Aware
Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.
When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.
Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.
Pilgrims Pride Total Inventories Related Terms
Thank you for viewing the detailed overview of Pilgrims Pride's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.
Pilgrims Pride (Pilgrims Pride) Business Description
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.
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