Patterson Companies Inc (PDCO)
Profitability ratios
Return on sales
| Apr 30, 2024 | Apr 27, 2024 | Apr 30, 2023 | Apr 29, 2023 | Apr 30, 2022 | |
|---|---|---|---|---|---|
| Gross profit margin | 21.01% | 21.01% | 21.22% | 21.22% | 19.83% |
| Operating profit margin | 3.85% | 3.85% | 4.26% | 4.26% | 2.42% |
| Pretax margin | 3.70% | 3.71% | 4.17% | 4.19% | 4.10% |
| Net profit margin | 2.83% | 2.83% | 3.21% | 3.21% | 3.13% |
Patterson Companies Inc has shown a steady improvement in its profitability ratios over the years. The gross profit margin increased from 19.83% in April 30, 2022, to 21.01% in April 30, 2024, indicating the company's ability to effectively manage its production costs.
Similarly, the operating profit margin increased from 2.42% in April 30, 2022, to 3.85% in April 30, 2024, demonstrating more efficient control over operating expenses.
The pretax margin fluctuated slightly, with a peak of 4.19% in April 29, 2023, and a low of 3.70% in April 30, 2024. This could be attributed to changes in tax rates or other external factors impacting the company's pre-tax profitability.
Finally, the net profit margin remained relatively stable at around 3.00% throughout the period, suggesting that Patterson Companies Inc has been successful in managing its overall profitability after accounting for all expenses and taxes.
Overall, the company's profitability ratios reflect a positive trend, with improvements in gross profit margin and operating profit margin indicating better cost management and operational efficiency, despite some fluctuations in pretax margin.
Return on investment
| Apr 30, 2024 | Apr 27, 2024 | Apr 30, 2023 | Apr 29, 2023 | Apr 30, 2022 | |
|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 8.73% | 8.73% | 9.59% | 9.59% | 5.73% |
| Return on assets (ROA) | 6.42% | 6.42% | 7.21% | 7.21% | 7.41% |
| Return on total capital | 28.63% | 21.68% | 27.04% | 19.43% | 27.35% |
| Return on equity (ROE) | 18.57% | 18.57% | 18.56% | 18.57% | 19.49% |
Patterson Companies Inc's profitability ratios have shown some variations over the years. The Operating Return on Assets (Operating ROA) has increased from 5.73% as of April 30, 2022, to 8.73% as of April 27, 2024, indicating an improvement in the company's ability to generate operating profit from its assets.
The Return on Assets (ROA) has experienced a slight decline from 7.41% as of April 30, 2022, to 6.42% as of April 30, 2024. This suggests that the company's overall profitability in relation to its total assets has decreased slightly over the period.
The Return on Total Capital has shown fluctuation, with a significant increase from 19.43% as of April 29, 2023, to 28.63% as of April 30, 2024. This metric reflects the company's ability to generate returns for both equity and debt holders.
Lastly, the Return on Equity (ROE) has remained relatively stable around 18-19% from April 2022 to April 2024. ROE measures the company's efficiency in generating profits from shareholders' equity.
Overall, while some profitability ratios have shown improvements, others have experienced fluctuations or slight declines. It is important for Patterson Companies Inc to continue monitoring and managing its profitability metrics to ensure sustainable and profitable operations.