Patterson Companies Inc (PDCO)
Operating return on assets (Operating ROA)
| Apr 27, 2024 | Apr 29, 2023 | Apr 30, 2022 | Apr 24, 2021 | Apr 25, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 252,924 | 275,971 | 157,002 | 210,607 | -572,119 |
| Total assets | US$ in thousands | 2,896,730 | 2,879,150 | 2,741,630 | 2,751,510 | 2,715,350 |
| Operating ROA | 8.73% | 9.59% | 5.73% | 7.65% | -21.07% |
April 27, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $252,924K ÷ $2,896,730K
= 8.73%
Patterson Companies Inc's operating return on assets (operating ROA) has shown fluctuating performance over the past five years. In the latest fiscal year, as of April 27, 2024, the operating ROA stood at 8.73%, a slight decrease from the previous year's 9.59%. Despite the dip, the current operating ROA remains at a relatively healthy level, indicating that the company generated approximately $0.0873 in operating income for every $1 of assets.
In the preceding years, the operating ROA exhibited variability, with values ranging from 5.73% in April 30, 2022, to -21.07% in April 25, 2020. The negative operating ROA in 2020 suggests that the company faced challenges in generating operating income relative to its asset base during that period.
Overall, Patterson Companies Inc's operating ROA has been mixed, demonstrating both positive and negative trends. Investors and stakeholders should further investigate the factors influencing these fluctuations to assess the company's operational efficiency and asset utilization.
Peer comparison
Apr 27, 2024