Patterson Companies Inc (PDCO)

Inventory 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
Cost of revenue (ttm)	US$ in thousands	5,188,030	5,167,920	5,160,720	5,145,090	5,098,530	5,057,670	5,059,760	5,084,370	5,210,310	5,177,170	5,143,920	5,053,990	4,708,941	4,443,980	4,361,570	4,246,020	4,292,599	4,424,350	4,377,270	4,369,700
Inventory	US$ in thousands	782,898	902,733	858,028	912,666	795,072	939,098	877,435	874,817	785,604	868,728	830,121	770,366	736,778	838,012	761,941	700,535	812,194	866,313	787,406	809,643
Inventory turnover		6.63	5.72	6.01	5.64	6.41	5.39	5.77	5.81	6.63	5.96	6.20	6.56	6.39	5.30	5.72	6.06	5.29	5.11	5.56	5.40

April 27, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $5,188,030K ÷ $782,898K
= 6.63

Inventory turnover for Patterson Companies Inc has shown fluctuations over the past years, ranging from a low of 5.11 to a high of 6.63. The average inventory turnover ratio appears to be around 5.90. This indicates that, on average, the company is able to sell and replace its inventory approximately 5.90 times in a year. A higher inventory turnover ratio generally indicates that a company is efficiently managing its inventory by quickly selling and restocking goods. The trends in Patterson Companies Inc's inventory turnover suggest that the company has been fairly consistent in its inventory management over the analyzed period. However, it may be beneficial for the company to further analyze the reasons behind the fluctuations in the ratios to optimize its inventory handling processes.

Peer comparison

Apr 27, 2024

Company name

Symbol

Inventory turnover

Patterson Companies Inc

PDCO

6.63