Patterson Companies Inc (PDCO)
Receivables turnover
| Apr 27, 2024 | Apr 29, 2023 | Apr 30, 2022 | Apr 24, 2021 | Apr 25, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 6,568,270 | 6,471,470 | 6,499,400 | 5,912,070 | 5,490,010 |
| Receivables | US$ in thousands | 547,287 | 477,384 | 447,162 | 449,235 | 416,523 |
| Receivables turnover | 12.00 | 13.56 | 14.53 | 13.16 | 13.18 |
April 27, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $6,568,270K ÷ $547,287K
= 12.00
Patterson Companies Inc's receivables turnover has gradually decreased over the past five years, from 13.18 in 2020 to 12.00 in 2024. This indicates that the company took longer to collect its accounts receivable in 2024 compared to previous years. A lower receivables turnover could suggest potential issues with the company's credit policies, collection efforts, or the creditworthiness of its customers. Further analysis of the company's receivables management practices and industry benchmarks would be beneficial in understanding the reasons behind this trend and its potential impact on the company's overall financial performance.
Peer comparison
Apr 27, 2024