Patterson Companies Inc (PDCO)
Operating return on assets (Operating ROA)
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Apr 27, 2024 | Jan 31, 2024 | Jan 27, 2024 | Oct 31, 2023 | Oct 28, 2023 | Jul 31, 2023 | Jul 29, 2023 | Apr 30, 2023 | Apr 29, 2023 | Jan 31, 2023 | Jan 28, 2023 | Oct 31, 2022 | Oct 29, 2022 | Jul 31, 2022 | Jul 30, 2022 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 200,233 | 242,579 | 278,065 | 318,708 | 287,824 | 256,940 | 222,040 | 190,250 | 238,457 | 286,664 | 324,364 | 362,064 | 317,049 | 272,034 | 230,956 | 189,878 | 202,621 | 203,359 | 229,348 | 257,364 |
| Total assets | US$ in thousands | 2,832,590 | 2,845,600 | 2,874,760 | 2,969,060 | 2,896,730 | 2,939,950 | 2,939,950 | 2,889,690 | 2,889,690 | 2,883,630 | 2,883,630 | 2,879,150 | 2,879,150 | 2,941,990 | 2,941,990 | 2,880,470 | 2,880,470 | 2,758,370 | 2,758,370 | 2,741,630 |
| Operating ROA | 7.07% | 8.52% | 9.67% | 10.73% | 9.94% | 8.74% | 7.55% | 6.58% | 8.25% | 9.94% | 11.25% | 12.58% | 11.01% | 9.25% | 7.85% | 6.59% | 7.03% | 7.37% | 8.31% | 9.39% |
January 31, 2025 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $200,233K ÷ $2,832,590K
= 7.07%
Operating Return on Assets (Operating ROA) is a key financial ratio that measures a company's profitability by assessing its ability to generate earnings from its assets used for operations. The trend analysis of Patterson Companies Inc's Operating ROA indicates fluctuations in its performance over the specified time periods.
From April 2022 to January 2023, Patterson Companies Inc experienced an increasing trend in Operating ROA, reaching its peak at 12.58% in April 2023. This suggests the company was becoming more efficient in generating profit from its operational assets during this period.
However, from July 2023 onwards, the Operating ROA showed a declining trend, dropping to 7.07% in January 2025. This decline may indicate challenges in maintaining profitability levels relative to the assets employed for operations.
Overall, Patterson Companies Inc's Operating ROA has shown variability over the specified time frame, with periods of improvement followed by periods of decline. Further analysis of the company's operational efficiency and asset utilization may be necessary to understand the underlying factors driving these fluctuations in performance.
Peer comparison
Jan 31, 2025