Patterson Companies Inc (PDCO)
Receivables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 6,568,270 | 6,566,760 | 6,551,510 | 6,524,940 | 6,471,460 | 6,389,080 | 6,384,830 | 6,407,790 | 6,499,410 | 6,422,430 | 6,377,100 | 6,281,110 | 5,912,070 | 5,636,740 | 5,541,630 | 5,407,200 | 5,490,010 | 5,640,260 | 5,580,840 | 5,566,850 |
| Receivables | US$ in thousands | 547,287 | 484,530 | 490,428 | 408,929 | 477,384 | 422,715 | 454,649 | 370,347 | 447,162 | 467,111 | 481,844 | 373,533 | 449,235 | 456,138 | 491,687 | 372,317 | 416,523 | 451,255 | 581,288 | 502,662 |
| 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 |
April 27, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $6,568,270K ÷ $547,287K
= 12.00
Patterson Companies Inc's receivables turnover ratio has fluctuated over the past 20 quarters, ranging from 9.60 to 17.30. The ratio indicates how effectively the company is managing its receivables by collecting outstanding customer payments.
A higher turnover ratio generally suggests that Patterson is efficiently converting its credit sales into cash, which is a positive sign of effective credit management and collection efforts.
The trend indicates some variability in the collection efficiency over time, with the ratio reaching its highest point of 17.30 in Jul 30, 2022, and the lowest point of 9.60 in Oct 26, 2019.
Overall, Patterson Companies Inc's receivables turnover ratio shows a generally stable and satisfactory performance in managing its accounts receivable, with occasional fluctuations that might warrant further investigation into the company's credit policies and collection processes.
Peer comparison
Apr 27, 2024