Pilgrims Pride (Pilgrims Pride) Accounts Receivable

: $1,028 Mil (As of Dec. 2023)

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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Pilgrims Pride's accounts receivables for the quarter that ended in Dec. 2023 was $1,028 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Pilgrims Pride's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 20.71.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Pilgrims Pride's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-16.97.

Pilgrims Pride Accounts Receivable Historical Data

The historical data trend for Pilgrims Pride's Accounts Receivable 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 Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

696.37

691.50

947.70

984.33

1,027.92

Pilgrims Pride Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable																984.33	1,071.20	1,051.94	1,084.39	1,027.92

Pilgrims Pride Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

Pilgrims Pride Accounts Receivable Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1027.916	/	4528.302	*	91
=	20.71

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Pilgrims Pride's accounts receivable are only considered to be worth 75% of book value:

Pilgrims Pride's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(697.748	+	0.75 * 1027.916	+	0.5 * 1985.399	-	6465.784
-	0	-	13.205)	/	236.79
=	-16.97

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

Pilgrims Pride Accounts Receivable 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 » Accounts Receivable

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