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Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Pilgrims Pride's Revenue for the three months ended in Dec. 2023 was $4,528 Mil. Pilgrims Pride's Total Assets for the quarter that ended in Dec. 2023 was $9,869 Mil. Therefore, Pilgrims Pride's Asset Turnover for the quarter that ended in Dec. 2023 was 0.46.
Asset Turnover is linked to ROE % through Du Pont Formula. Pilgrims Pride's annualized ROE % for the quarter that ended in Dec. 2023 was 16.81%. It is also linked to ROA % through Du Pont Formula. Pilgrims Pride's annualized ROA % for the quarter that ended in Dec. 2023 was 5.46%.
The historical data trend for Pilgrims Pride's Asset 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.
Pilgrims Pride Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Asset Turnover | Get a 7-Day Free Trial | 1.75 | 1.66 | 1.80 | 1.92 | 1.82 |
Pilgrims Pride Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Asset Turnover | Get a 7-Day Free Trial | 0.45 | 0.45 | 0.45 | 0.44 | 0.46 |
For the Packaged Foods subindustry, Pilgrims Pride's Asset Turnover, along with its competitors' market caps and Asset Turnover 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.
For the Consumer Packaged Goods industry and Consumer Defensive sector, Pilgrims Pride's Asset Turnover distribution charts can be found below:
* The bar in red indicates where Pilgrims Pride's Asset Turnover falls into.
Asset Turnover measures how quickly a company turns over its asset through sales.
Pilgrims Pride's Asset Turnover for the fiscal year that ended in Dec. 2023 is calculated as
Asset Turnover | ||||||
= | Revenue | / | Average Total Assets | |||
= | Revenue (A: Dec. 2023 ) | / | ( (Total Assets (A: Dec. 2022 ) | + | Total Assets (A: Dec. 2023 )) | / count ) |
= | 17362.217 | / | ( (9255.769 | + | 9810.361) | / 2 ) |
= | 17362.217 | / | 9533.065 | |||
= | 1.82 |
Pilgrims Pride's Asset Turnover for the quarter that ended in Dec. 2023 is calculated as
Asset Turnover | ||||||
= | Revenue | / | Average Total Assets | |||
= | Revenue (Q: Dec. 2023 ) | / | ( (Total Assets (Q: Sep. 2023 ) | + | Total Assets (Q: Dec. 2023 )) | / count ) |
= | 4528.302 | / | ( (9927.816 | + | 9810.361) | / 2 ) |
= | 4528.302 | / | 9869.0885 | |||
= | 0.46 |
* 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.
Companies with low profit margins tend to have high Asset Turnover, while those with high profit margins have low Asset Turnover. Companies in the retail industry tend to have a very high turnover ratio.
Pilgrims Pride (NAS:PPC) Asset Turnover Explanation
Asset Turnover is linked to ROE % through Du Pont Formula.
Pilgrims Pride's annulized ROE % for the quarter that ended in Dec. 2023 is
ROE %** | (Q: Dec. 2023 ) | ||||
= | Net Income | / | Total Stockholders Equity | ||
= | 538.612 | / | 3204.474 | ||
= | (Net Income / Revenue) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (538.612 / 18113.208) | * | (18113.208 / 9869.0885) | * | (9869.0885/ 3204.474) |
= | Net Margin % | * | Asset Turnover | * | Equity Multiplier |
= | 2.97 % | * | 1.8353 | * | 3.0798 |
= | ROA % | * | Equity Multiplier | ||
= | 5.46 % | * | 3.0798 | ||
= | 16.81 % |
Note: The Net Income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 2023) revenue data.
* 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.
** The ROE % used above is for Du Pont Analysis only. It is different from the defined ROE % page on our website, as here it uses Net Income instead of Net Income attributable to Common Stockholders in the calculation.
It is also linked to ROA % through Du Pont Formula:
Pilgrims Pride's annulized ROA % for the quarter that ended in Dec. 2023 is
ROA % | (Q: Dec. 2023 ) | ||
= | Net Income | / | Total Assets |
= | 538.612 | / | 9869.0885 |
= | (Net Income / Revenue) | * | (Revenue / Total Assets) |
= | (538.612 / 18113.208) | * | (18113.208 / 9869.0885) |
= | Net Margin % | * | Asset Turnover |
= | 2.97 % | * | 1.8353 |
= | 5.46 % |
Note: The Net Income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 2023) revenue data.
* 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
In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.
Therefore, it is a good sign if a company's Asset Turnover is consistent or even increases. If a company's asset grows faster than sales, its Asset Turnover will decline, which can be a warning sign.
Thank you for viewing the detailed overview of Pilgrims Pride's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
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 |
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