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

Company name
Symbol
Receivables turnover
Patterson Companies Inc
PDCO
12.00
Henry Schein Inc
HSIC
6.58
Owens & Minor Inc
OMI