Patterson Companies Inc (PDCO)

Activity ratios

Short-term

Turnover ratios

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
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
Receivables turnover 12.00 13.55 13.36 15.96 13.56 15.11 14.04 17.30 14.53 13.75 13.23 16.82 13.16 12.36 11.27 14.52 13.18 12.50 9.60 11.07
Payables turnover 6.96 7.56 7.49 7.17 7.03 7.20 7.08 7.75 7.65 7.24 6.65 8.52 7.73 6.56 6.31 7.72 4.98 5.51 5.71 6.99
Working capital turnover 14.72 11.96 10.20 9.53 9.27 9.52 9.37 9.67 9.80 9.76 10.52 11.55 11.23 10.79 9.50 11.23 11.73 11.48 8.92 7.86

Patterson Companies Inc's inventory turnover ratio has been relatively stable over the past two years, ranging between 5.39 and 6.63. This indicates that the company is efficient in managing its inventory levels, with an average of approximately 6 times per year.

The receivables turnover ratio has shown a slight fluctuation, with values ranging from 11.27 to 17.30. This suggests that Patterson Companies Inc is efficient in collecting payments from its customers, with an average turnover rate of around 13 to 15 times per year.

The payables turnover ratio has also been consistent, ranging between 4.98 and 8.52, indicating that the company takes around 7 to 8 times per year to pay its suppliers. A higher ratio may indicate a more favorable credit term from suppliers.

In terms of working capital turnover, Patterson Companies Inc has shown a consistent trend over the past two years, with values ranging from 7.86 to 14.72. This ratio reflects the efficiency of utilizing working capital to generate sales, with an average turnover rate of around 10 to 11 times per year.

Overall, based on these activity ratios, Patterson Companies Inc appears to have effective operational efficiency in managing its inventory, receivables, payables, and working capital to drive its business activities.

Average number of days

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
Days of inventory on hand (DOH) days 55.08 63.76 60.69 64.75 56.92 67.77 63.30 62.80 55.03 61.25 58.90 55.64 57.11 68.83 63.76 60.22 69.06 71.47 65.66 67.63
Days of sales outstanding (DSO) days 30.41 26.93 27.32 22.88 26.93 24.15 25.99 21.10 25.11 26.55 27.58 21.71 27.73 29.54 32.39 25.13 27.69 29.20 38.02 32.96
Number of days of payables days 52.44 48.26 48.71 50.90 51.90 50.69 51.56 47.07 47.73 50.45 54.87 42.83 47.23 55.61 57.81 47.26 73.30 66.21 63.91 52.24

Days of inventory on hand (DOH) measures how many days it takes for a company to turn its inventory into sales. Patterson Companies Inc's DOH has been fluctuating over the past few quarters, ranging from a low of 55.03 days to a high of 71.47 days. Generally, lower DOH values are preferred as they indicate faster inventory turnover, but Patterson's DOH has been inconsistent.

Days of sales outstanding (DSO) reflects how many days it takes for a company to collect payments after making a sale. Patterson's DSO has also varied, with values ranging from 21.10 days to 38.02 days. Lower DSO values are typically better as they signify faster cash collection, and Patterson has shown improvements in this area over the quarters.

Number of days of payables measures how many days it takes for a company to pay its suppliers. Patterson's payables days have been fluctuating as well, with values ranging from 42.83 days to 73.30 days. Higher payables days can indicate that the company is taking longer to pay its suppliers, potentially signaling strained supplier relationships or liquidity issues.

Overall, Patterson Companies Inc's activity ratios show fluctuations in managing its inventory, collecting payments from customers, and paying suppliers. Further analysis and comparisons with industry peers may be necessary to better understand the company's efficiency in managing its working capital.

Long-term

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
Fixed asset turnover 28.67 29.05 29.92 29.48 30.49 29.89 30.68 29.63 30.49 29.95 29.89 29.03 26.94 25.13 18.57 18.02 18.08 18.39 18.12 18.23
Total asset turnover 2.27 2.23 2.27 2.26 2.25 2.17 2.22 2.32 2.37 2.24 2.20 2.28 2.15 1.98 1.99 2.04 2.02 1.61 1.62 1.66

Patterson Companies Inc's long-term activity ratios, specifically the fixed asset turnover and total asset turnover, provide insight into how efficiently the company is utilizing its assets to generate revenue.

The fixed asset turnover ratio measures how effectively the company is using its fixed assets to generate sales. Patterson Companies Inc's fixed asset turnover ratio has been relatively stable over the periods analyzed, with values ranging from 25.13 to 30.68. This indicates that the company is efficiently utilizing its fixed assets to generate sales, with an average turnover rate of approximately 29.54.

On the other hand, the total asset turnover ratio indicates the company's overall efficiency in generating sales from all its assets, including both fixed and current assets. Patterson Companies Inc's total asset turnover ratio has fluctuated over the periods analyzed, ranging from 1.61 to 2.37. The average total asset turnover ratio stands at approximately 2.15, suggesting that the company is generating sales efficiently relative to its total assets.

Overall, the stable and relatively high fixed asset turnover ratio, alongside the fluctuating but generally strong total asset turnover ratio, indicates that Patterson Companies Inc is effectively managing its assets to generate sales and operate efficiently.