Patterson Companies Inc (PDCO)
Fixed asset turnover
| Apr 30, 2024 | Apr 27, 2024 | Apr 30, 2023 | Apr 29, 2023 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 6,568,270 | 6,568,270 | 6,471,470 | 6,471,470 | 6,499,400 |
| Property, plant and equipment | US$ in thousands | — | 229,081 | 212,283 | 212,283 | 213,140 |
| Fixed asset turnover | — | 28.67 | 30.49 | 30.49 | 30.49 |
April 30, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $6,568,270K ÷ $—K
= —
The fixed asset turnover ratio for Patterson Companies Inc remained consistently high at 30.49 for the fiscal years ending in April 2022, 2023, and the initial part of 2024, indicating that the company efficiently generated revenue from its investment in fixed assets during this period. However, there was a slight decrease to 28.67 in the latter part of the fiscal year ending in April 2024. This decline suggests that the company may have experienced challenges in utilizing its fixed assets effectively to generate sales compared to the earlier periods. Further analysis would be needed to understand the factors contributing to this change and assess its impact on the company's overall operational efficiency.
Peer comparison
Apr 30, 2024