Patterson Companies Inc (PDCO)
Total asset 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 |
| Total assets | US$ in thousands | 2,896,730 | 2,939,950 | 2,889,690 | 2,883,630 | 2,879,150 | 2,941,990 | 2,880,470 | 2,758,370 | 2,741,630 | 2,863,500 | 2,902,720 | 2,750,850 | 2,751,510 | 2,850,960 | 2,789,020 | 2,646,200 | 2,715,350 | 3,513,550 | 3,435,460 | 3,349,620 |
| Total asset turnover | 2.27 | 2.23 | 2.27 | 2.26 | 2.25 | 2.17 | 2.22 | 2.32 | 2.37 | 2.24 | 2.20 | 2.28 | 2.15 | 1.98 | 1.99 | 2.04 | 2.02 | 1.61 | 1.62 | 1.66 |
April 27, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $6,568,270K ÷ $2,896,730K
= 2.27
Patterson Companies Inc's total asset turnover has shown some fluctuations over the past few quarters, ranging from 1.61 to 2.37. The metrics indicate that, on average, the company generates $2.10 in sales for every $1 in total assets invested.
The trend in total asset turnover seems to be relatively stable with some minor fluctuations. Higher total asset turnover ratios, such as those seen in the most recent quarters, suggest that the company is effectively utilizing its assets to generate revenue. This efficiency in asset utilization can be a positive indicator of management's ability to manage the company's resources effectively.
However, it's worth noting that the total asset turnover ratio alone does not provide a comprehensive picture of the company's financial performance. It should be analyzed in conjunction with other financial ratios and qualitative factors to gain a more holistic understanding of Patterson Companies Inc's overall financial health and operational efficiency.
Peer comparison
Apr 27, 2024