Patterson Companies Inc (PDCO)
Number of days of payables
| Apr 27, 2024 | Apr 29, 2023 | Apr 30, 2022 | Apr 24, 2021 | Apr 25, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 6.96 | 7.03 | 7.65 | 7.73 | 4.98 | |
| Number of days of payables | days | 52.44 | 51.90 | 47.73 | 47.23 | 73.30 |
April 27, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.96
= 52.44
The number of days of payables for Patterson Companies Inc has shown variability over the past five years. In the most recent fiscal year, as of April 27, 2024, the company took on average approximately 52.44 days to pay its outstanding payables. This represents a slight increase compared to the prior year when the average number of days was 51.90 days as of April 29, 2023.
Looking further back, in April 2022, the number of days of payables was slightly lower at 47.73 days. In April 2021, the trend continued with the company taking an average of 47.23 days to pay its payables. However, there was a significant increase noted in April 2020, with the number of days of payables reaching 73.30 days.
Overall, the analysis of Patterson Companies Inc's number of days of payables demonstrates some fluctuations in the efficiency of managing payables over the past five years, with noticeable improvements in 2021 and 2022 but a deterioration in 2024 compared to 2023.
Peer comparison
Apr 27, 2024