Patterson Companies Inc (PDCO)
Fixed asset turnover
| Apr 27, 2024 | Jan 27, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | Apr 24, 2021 | Jan 23, 2021 | Oct 24, 2020 | Jul 25, 2020 | Apr 25, 2020 | Jan 25, 2020 | Oct 26, 2019 | Jul 27, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 6,568,270 | 6,566,760 | 6,551,510 | 6,524,940 | 6,471,460 | 6,389,080 | 6,384,830 | 6,407,790 | 6,499,410 | 6,422,430 | 6,377,100 | 6,281,110 | 5,912,070 | 5,636,740 | 5,541,630 | 5,407,200 | 5,490,010 | 5,640,260 | 5,580,840 | 5,566,850 |
| Property, plant and equipment | US$ in thousands | 229,081 | 226,013 | 218,977 | 221,300 | 212,283 | 213,770 | 208,120 | 216,269 | 213,140 | 214,426 | 213,362 | 216,397 | 219,438 | 224,310 | 298,460 | 300,041 | 303,725 | 306,687 | 308,008 | 305,443 |
| Fixed asset turnover | 28.67 | 29.05 | 29.92 | 29.48 | 30.49 | 29.89 | 30.68 | 29.63 | 30.49 | 29.95 | 29.89 | 29.03 | 26.94 | 25.13 | 18.57 | 18.02 | 18.08 | 18.39 | 18.12 | 18.23 |
April 27, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $6,568,270K ÷ $229,081K
= 28.67
The fixed asset turnover ratio for Patterson Companies Inc has been relatively stable over the past several quarters, ranging between 25.13 and 30.68. This indicates that the company is effectively utilizing its fixed assets to generate revenue. Higher fixed asset turnover ratios signify that the company is generating more sales relative to its investment in fixed assets, reflecting efficiency in asset utilization.
The consistent high levels of fixed asset turnover suggest that Patterson Companies Inc is efficiently managing its investments in property, plant, and equipment to drive revenue generation. This can be a positive sign for investors and stakeholders, as it indicates that the company is effectively leveraging its fixed assets to generate sales and support business operations. However, it is important to note that fixed asset turnover should be analyzed in conjunction with other financial ratios and performance metrics to gain a comprehensive understanding of the company's financial health and operational efficiency.
Peer comparison
Apr 27, 2024