Patterson Companies Inc (PDCO)
Days of inventory on hand (DOH)
| Apr 27, 2024 | Apr 29, 2023 | Apr 30, 2022 | Apr 24, 2021 | Apr 25, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 6.63 | 6.41 | 6.63 | 6.39 | 5.29 | |
| DOH | days | 55.08 | 56.92 | 55.03 | 57.11 | 69.06 |
April 27, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 6.63
= 55.08
Patterson Companies Inc's days of inventory on hand (DOH) has been exhibiting relatively consistent levels over the past five years. The trend shows a slight improvement in inventory management efficiency, as indicated by the declining DOH from 69.06 days in 2020 to 55.08 days in 2024. This suggests that the company has been able to reduce the number of days it takes to sell its inventory, which can lead to increased liquidity and profitability. However, further analysis of industry benchmarks and comparison with peers would provide a more comprehensive understanding of Patterson Companies Inc's inventory management performance.
Peer comparison
Apr 27, 2024