Patterson Companies Inc (PDCO)
Working capital 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 current assets | US$ in thousands | 1,778,760 | 1,778,760 | 1,783,140 | 1,783,140 | 1,679,020 |
| Total current liabilities | US$ in thousands | 1,332,550 | 1,332,550 | 1,085,330 | 1,085,330 | 1,015,670 |
| Working capital turnover | 14.72 | 14.72 | 9.27 | 9.27 | 9.80 |
April 30, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $6,568,270K ÷ ($1,778,760K – $1,332,550K)
= 14.72
The working capital turnover of Patterson Companies Inc has shown a stable trend initially, with a ratio of 9.80 as of April 30, 2022, slightly declining to 9.27 by April 29, 2023. However, there is a significant increase in efficiency reflected in the ratio, as it jumps to 14.72 for both April 27, 2024, and April 30, 2024. This increase indicates the company is more effectively utilizing its working capital to generate sales, which is a positive sign of operational efficiency and potentially improved liquidity management.
Peer comparison
Apr 30, 2024