Patterson Companies Inc (PDCO)
Payables 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 |
| Payables | US$ in thousands | — | 745,375 | — | 724,993 | — |
| Payables turnover | — | 6.96 | — | 7.03 | — |
April 30, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $5,188,030K ÷ $—K
= —
Based on the provided data, Patterson Companies Inc's payables turnover ratio has shown a fluctuating trend over the years. In April 2023, the payables turnover ratio was 7.03, indicating that the company was able to turn over its accounts payable approximately 7.03 times during that year. However, in April 2024, the payables turnover ratio decreased to 6.96.
A high payables turnover ratio suggests that the company is efficiently managing its accounts payable by paying its suppliers promptly. On the other hand, a low payables turnover ratio may indicate that the company is taking longer to pay its suppliers, which could potentially strain relationships or lead to missed discounts.
It is important for Patterson Companies Inc to analyze the reasons behind the fluctuations in its payables turnover ratio to ensure effective cash flow management and maintain favorable relationships with suppliers. Furthermore, monitoring this ratio over time can provide insights into the company's operational efficiency and financial health.
Peer comparison
Apr 30, 2024