Patterson Companies Inc (PDCO)
Inventory turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 5,178,500 | 5,278,410 | 5,197,220 | 5,233,180 | 5,195,430 | 5,157,680 | 5,150,280 | 5,142,880 | 5,160,520 | 5,178,160 | 5,178,360 | 5,178,560 | 5,145,290 | 5,112,020 | 5,065,260 | 5,018,500 | 5,010,910 | 4,972,770 | 5,021,620 | 5,133,220 |
| Inventory | US$ in thousands | 889,348 | 823,689 | 849,504 | 782,898 | 782,898 | 902,733 | 902,733 | 858,028 | 858,028 | 912,666 | 912,666 | 795,072 | 795,072 | 939,098 | 939,098 | 877,435 | 877,435 | 874,817 | 874,817 | 785,604 |
| 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 |
January 31, 2025 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $5,178,500K ÷ $889,348K
= 5.82
Patterson Companies Inc's inventory turnover has shown some fluctuations over the periods analyzed. The inventory turnover ratio, which measures how efficiently the company manages its inventory by indicating how many times inventory is sold and replaced during a specific period, ranged between 5.39 and 6.68 from April 2022 to January 2025.
The highest inventory turnover was observed on April 27, 2024, at 6.68, suggesting that Patterson Companies Inc effectively turned over its inventory 6.68 times during that period. On the other hand, the lowest inventory turnover was recorded on January 28, 2023, at 5.39, indicating slower inventory turnover during that period.
Overall, the average inventory turnover ratio for Patterson Companies Inc during the analyzed periods was approximately 6, reflecting that, on average, the company turned over its inventory six times per year. This could indicate efficient inventory management practices, which could lead to reduced carrying costs and improved cash flow. It would be beneficial for the company to continue monitoring its inventory turnover to ensure optimal inventory management and operational efficiency.
Peer comparison
Jan 31, 2025
Jan 31, 2025