Patterson Companies Inc (PDCO)
Receivables turnover
| Apr 30, 2024 | Apr 27, 2024 | Apr 30, 2023 | Apr 29, 2023 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 6,568,270 | 6,568,270 | 6,471,470 | 6,471,470 | 6,499,400 |
| Receivables | US$ in thousands | — | 547,287 | — | 477,384 | — |
| Receivables turnover | — | 12.00 | — | 13.56 | — |
April 30, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $6,568,270K ÷ $—K
= —
The receivables turnover ratio for Patterson Companies Inc showcases a fluctuating trend over the period under consideration. In April 2023, the receivables turnover ratio was 13.56, indicating that the company collected its accounts receivable approximately 13.56 times throughout the year. However, this figure dropped to 12.00 in April 2024. A higher turnover ratio is generally preferred as it signifies that the company is efficiently collecting payments from its customers, whereas a lower ratio may suggest potential issues with collections or credit policies. The absence of data for April 2022 and 2024 limits a comprehensive year-on-year comparison, thereby requiring further analysis to ascertain any underlying reasons for this fluctuation.
Peer comparison
Apr 30, 2024