Patterson Companies Inc (PDCO)
Total asset turnover
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Apr 27, 2024 | Jan 31, 2024 | Jan 27, 2024 | Oct 31, 2023 | Oct 28, 2023 | Jul 31, 2023 | Jul 29, 2023 | Apr 30, 2023 | Apr 29, 2023 | Jan 31, 2023 | Jan 28, 2023 | Oct 31, 2022 | Oct 29, 2022 | Jul 31, 2022 | Jul 30, 2022 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 6,511,190 | 6,661,440 | 6,603,160 | 6,677,520 | 6,607,630 | 6,537,740 | 6,498,380 | 6,459,020 | 6,527,400 | 6,595,780 | 6,619,890 | 6,644,000 | 6,549,050 | 6,454,100 | 6,376,510 | 6,298,920 | 6,311,490 | 6,281,890 | 6,355,230 | 6,481,130 |
| Total assets | US$ in thousands | 2,832,590 | 2,845,600 | 2,874,760 | 2,969,060 | 2,896,730 | 2,939,950 | 2,939,950 | 2,889,690 | 2,889,690 | 2,883,630 | 2,883,630 | 2,879,150 | 2,879,150 | 2,941,990 | 2,941,990 | 2,880,470 | 2,880,470 | 2,758,370 | 2,758,370 | 2,741,630 |
| Total asset turnover | 2.30 | 2.34 | 2.30 | 2.25 | 2.28 | 2.22 | 2.21 | 2.24 | 2.26 | 2.29 | 2.30 | 2.31 | 2.27 | 2.19 | 2.17 | 2.19 | 2.19 | 2.28 | 2.30 | 2.36 |
January 31, 2025 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $6,511,190K ÷ $2,832,590K
= 2.30
Patterson Companies Inc's total asset turnover has exhibited a relatively stable trend over the past few years, ranging between 2.17 and 2.36. This ratio indicates the company's efficiency in generating sales revenue from its total assets.
The average total asset turnover for the period under review stands at approximately 2.27, suggesting that, on average, the company is able to generate $2.27 in sales revenue for every dollar of total assets it holds.
A total asset turnover greater than 1 implies that the company is utilizing its assets effectively to generate revenue. Patterson Companies Inc's consistently above-average total asset turnover indicates that the company has been efficient in utilizing its assets to drive sales.
Further analysis over time could reveal any underlying changes in the company's operational efficiency and effectiveness in utilizing its total assets to generate revenue.
Peer comparison
Jan 31, 2025