Patterson Companies Inc (PDCO)
Total asset 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 |
| Total assets | US$ in thousands | 2,896,730 | 2,896,730 | 2,879,150 | 2,879,150 | 2,741,630 |
| Total asset turnover | 2.27 | 2.27 | 2.25 | 2.25 | 2.37 |
April 30, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $6,568,270K ÷ $2,896,730K
= 2.27
Patterson Companies Inc's total asset turnover ratio has remained relatively stable over the past few years. The ratio fluctuated between 2.25 and 2.27 during the period from April 2022 to April 2024. This indicates that for every dollar of total assets the company holds, it generated around $2.25 to $2.27 of revenue. A higher total asset turnover ratio suggests better efficiency in utilizing assets to generate sales. Overall, the consistency in the total asset turnover ratio may indicate that Patterson Companies Inc has been effectively managing its assets to drive revenue growth over the analyzed period.
Peer comparison
Apr 30, 2024