Patterson Companies Inc (PDCO)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 252,924 | 270,247 | 276,157 | 279,349 | 275,971 | 243,699 | 228,610 | 231,375 | 157,002 | 121,512 | 122,360 | 133,206 | 210,607 | -441,204 | -459,069 | -550,921 | -572,119 | 88,967 | 90,514 | 149,876 |
| Total assets | US$ in thousands | 2,896,730 | 2,939,950 | 2,889,690 | 2,883,630 | 2,879,150 | 2,941,990 | 2,880,470 | 2,758,370 | 2,741,630 | 2,863,500 | 2,902,720 | 2,750,850 | 2,751,510 | 2,850,960 | 2,789,020 | 2,646,200 | 2,715,350 | 3,513,550 | 3,435,460 | 3,349,620 |
| Operating ROA | 8.73% | 9.19% | 9.56% | 9.69% | 9.59% | 8.28% | 7.94% | 8.39% | 5.73% | 4.24% | 4.22% | 4.84% | 7.65% | -15.48% | -16.46% | -20.82% | -21.07% | 2.53% | 2.63% | 4.47% |
April 27, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $252,924K ÷ $2,896,730K
= 8.73%
Operating ROA measures a company's operating profitability as a percentage of its total assets. Patterson Companies Inc's operating ROA has shown fluctuations over the analyzed periods, ranging from -21.07% to 9.69%. The company's highest operating ROA was 9.69% in July 2023, indicating efficient use of assets to generate operating income. However, there are instances of lower operating ROA, such as in January 2021 and October 2020, where the company experienced negative returns, possibly due to operational challenges or asset inefficiencies. Overall, Patterson Companies Inc should aim to sustain higher operating ROA levels to demonstrate improved operational efficiency and profitability relative to its asset base.
Peer comparison
Apr 27, 2024