Patterson Companies Inc (PDCO)
Inventory turnover
| Apr 30, 2024 | Apr 27, 2024 | Apr 30, 2023 | Apr 29, 2023 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 5,188,030 | 5,188,030 | 5,098,530 | 5,098,530 | 5,210,320 |
| Inventory | US$ in thousands | 782,898 | 782,898 | 795,072 | 795,072 | 785,604 |
| Inventory turnover | 6.63 | 6.63 | 6.41 | 6.41 | 6.63 |
April 30, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $5,188,030K ÷ $782,898K
= 6.63
Patterson Companies Inc's inventory turnover has remained relatively stable over the past few years, with the ratio fluctuating between 6.41 and 6.63. This indicates that the company is effectively managing its inventory levels and converting its stock into sales multiple times throughout the year. A higher inventory turnover ratio generally suggests efficient inventory management and effective sales strategies. Patterson Companies Inc's consistent inventory turnover ratio suggests that the company is effectively managing its inventory to meet customer demand while minimizing excess inventory holding costs.
Peer comparison
Apr 30, 2024