Patterson Companies Inc (PDCO)
Gross profit margin
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 1,380,242 | 1,398,848 | 1,390,804 | 1,379,867 | 1,372,945 | 1,331,423 | 1,325,072 | 1,323,418 | 1,289,087 | 1,245,253 | 1,233,183 | 1,227,116 | 1,203,130 | 1,192,757 | 1,180,046 | 1,161,172 | 1,197,410 | 1,215,905 | 1,203,584 | 1,197,166 |
| 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 |
| Gross profit margin | 21.01% | 21.30% | 21.23% | 21.15% | 21.22% | 20.84% | 20.75% | 20.65% | 19.83% | 19.39% | 19.34% | 19.54% | 20.35% | 21.16% | 21.29% | 21.47% | 21.81% | 21.56% | 21.57% | 21.51% |
April 27, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,380,242K ÷ $6,568,270K
= 21.01%
The gross profit margin of Patterson Companies Inc has shown some fluctuations over the past few quarters, ranging from 19.39% to 21.30%. Generally, the company has maintained a gross profit margin within the range of 19% to 21%, indicating that it is effectively managing its production and sales costs to generate profit from its core operations.
It is noteworthy that there has been a slight increasing trend in the gross profit margin from the early quarters of 2022 to the most recent quarter ending in April 2024. This could suggest improvements in the company's cost control measures, pricing strategies, or product mix that have positively impacted its profitability.
However, it is essential to closely monitor Patterson Companies Inc's gross profit margin in the upcoming quarters to assess the sustainability of this trend and evaluate the company's ability to maintain or improve its profitability over time.
Peer comparison
Apr 27, 2024