Patterson Companies Inc (PDCO)
Operating return on assets (Operating ROA)
| Apr 30, 2024 | Apr 27, 2024 | Apr 30, 2023 | Apr 29, 2023 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 252,924 | 252,924 | 275,971 | 275,971 | 157,002 |
| Total assets | US$ in thousands | 2,896,730 | 2,896,730 | 2,879,150 | 2,879,150 | 2,741,630 |
| Operating ROA | 8.73% | 8.73% | 9.59% | 9.59% | 5.73% |
April 30, 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 a favorable trend over the period under review. Starting at 5.73% on April 30, 2022, the metric increased steadily to 9.59% by April 29, 2023, and has since remained constant at that level for the subsequent periods. This improvement indicates that the company has been generating more operating income relative to its total assets, reflecting operational efficiency and effective utilization of resources. However, the slight decrease to 8.73% on April 27, 2024, and remaining at this level on April 30, 2024, suggests a potential stabilization in the company's asset utilization efficiency. Overall, Patterson Companies Inc's Operating ROA performance demonstrates a positive operational effectiveness and productivity.
Peer comparison
Apr 30, 2024