Pilgrims Pride (Pilgrims Pride) Inventory Turnover : 2.11 (As of Dec. 2023)

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What is Pilgrims Pride Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Pilgrims Pride's Cost of Goods Sold for the three months ended in Dec. 2023 was $4,207 Mil. Pilgrims Pride's Average Total Inventories for the quarter that ended in Dec. 2023 was $1,991 Mil. Pilgrims Pride's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.11.

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-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 Inventory Turnover Historical Data

The historical data trend for Pilgrims Pride's Inventory Turnover 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.

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Pilgrims Pride Inventory Turnover Chart

Pilgrims Pride Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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8.13

8.21

9.14

8.78

8.17

Pilgrims Pride Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															2.05	1.99	1.98	1.99	2.11

Pilgrims Pride Inventory Turnover Calculation

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

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	16243.816	/ (	(1990.184	+	1985.399)	/	2 )
=	16243.816	/	1987.7915
=	8.17

Pilgrims Pride's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	4207.255	/ (	(1996.72	+	1985.399)	/	2 )
=	4207.255	/	1991.0595
=	2.11

Pilgrims Pride (NAS:PPC) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. 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 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	1991.0595	/	4207.255	*	365 / 4
	=	43.18

2. 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

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	1991.0595	/	4528.302
	=	0.44

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Pilgrims Pride Inventory Turnover Related Terms

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Pilgrims Pride (Pilgrims Pride) Business Description

Industry

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

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