Patterson Companies Inc (PDCO)
Pretax margin
| Apr 27, 2024 | Apr 29, 2023 | Apr 30, 2022 | Apr 24, 2021 | Apr 25, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 243,465 | 271,120 | 267,750 | 200,803 | -589,486 |
| Revenue | US$ in thousands | 6,568,270 | 6,471,470 | 6,499,400 | 5,912,070 | 5,490,010 |
| Pretax margin | 3.71% | 4.19% | 4.12% | 3.40% | -10.74% |
April 27, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $243,465K ÷ $6,568,270K
= 3.71%
Patterson Companies Inc's pretax margin has displayed varying performance over the past five years. The company's pretax margin stood at 3.71% in the most recent fiscal year, indicating a slight decline from the previous year's 4.19%. Despite this decrease, the current pretax margin remains within a relatively stable range compared to the preceding years, where it was 4.12% in 2022 and 3.40% in 2021.
It is worth noting that in the fiscal year ending in April 2020, Patterson Companies Inc reported a negative pretax margin of -10.74%, which was significantly lower than the positive margins observed in the subsequent years. This decline in profitability in 2020 may have been influenced by various factors such as economic conditions or internal operational challenges.
Overall, the trend in Patterson Companies Inc's pretax margin suggests a generally stable financial performance in recent years, with some fluctuations observed year-on-year. Further analysis of the company's financial and operational strategies would be necessary to understand the underlying reasons for these fluctuations and assess the company's performance in a broader context.
Peer comparison
Apr 27, 2024