Patterson Companies Inc (PDCO)
Days of inventory on hand (DOH)
| Apr 30, 2024 | Apr 27, 2024 | Apr 30, 2023 | Apr 29, 2023 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 6.63 | 6.63 | 6.41 | 6.41 | 6.63 | |
| DOH | days | 55.08 | 55.08 | 56.92 | 56.92 | 55.03 |
April 30, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 6.63
= 55.08
To analyze Patterson Companies Inc's Days of Inventory on Hand (DOH) based on the provided data, we can see a slight increase in the DOH from April 30, 2022, to April 29, 2023, where it rose from 55.03 days to 56.92 days. This indicates that the company is holding inventory for a slightly longer period in 2023.
Subsequently, the DOH remains constant at 56.92 days for April 30, 2023, and April 27, 2024, showing stability in inventory management during this period.
There is a slight decrease in the DOH from April 27, 2024, to April 30, 2024, where it drops from 55.08 days to 55.08 days. This implies that the company has reduced the number of days it holds inventory on hand by a small margin in 2024 compared to the previous year.
Overall, Patterson Companies Inc's DOH shows minor fluctuations over the analyzed period, indicating a relatively stable inventory management strategy with some minor adjustments made in inventory holding practices.
Peer comparison
Apr 30, 2024