Patterson Companies Inc (PDCO)
Days of inventory on hand (DOH)
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Apr 27, 2024 | Jan 31, 2024 | Jan 27, 2024 | Oct 31, 2023 | Oct 28, 2023 | Jul 31, 2023 | Jul 29, 2023 | Apr 30, 2023 | Apr 29, 2023 | Jan 31, 2023 | Jan 28, 2023 | Oct 31, 2022 | Oct 29, 2022 | Jul 31, 2022 | Jul 30, 2022 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 5.82 | 6.41 | 6.12 | 6.68 | 6.64 | 5.71 | 5.71 | 5.99 | 6.01 | 5.67 | 5.67 | 6.51 | 6.47 | 5.44 | 5.39 | 5.72 | 5.71 | 5.68 | 5.74 | 6.53 | |
| DOH | days | 62.68 | 56.96 | 59.66 | 54.60 | 55.00 | 63.88 | 63.98 | 60.90 | 60.69 | 64.33 | 64.33 | 56.04 | 56.40 | 67.05 | 67.67 | 63.82 | 63.91 | 64.21 | 63.59 | 55.86 |
January 31, 2025 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.82
= 62.68
The days of inventory on hand (DOH) for Patterson Companies Inc have shown some fluctuations over the periods analyzed. The trend indicates that Patterson has been effectively managing its inventory levels. Generally, a lower DOH implies faster inventory turnover, which can be a positive sign as it may suggest efficient inventory management and a lower risk of inventory obsolescence.
The DOH for Patterson ranged from a low of 54.60 days on April 30, 2024, to a high of 67.67 days on January 28, 2023. Notably, the company was able to reduce its DOH from the peak to the trough, reflecting a proactive approach to inventory management. However, the DOH increased slightly in the subsequent periods, reaching 62.68 days on January 31, 2025.
Overall, Patterson Companies Inc should continue to monitor its inventory levels closely to ensure optimal management and cost control. By analyzing DOH alongside other financial ratios and operational metrics, the company can make informed decisions to streamline its inventory processes and improve overall efficiency.
Peer comparison
Jan 31, 2025