Patterson Companies Inc (PDCO)
Return on assets (ROA)
| Apr 27, 2024 | Apr 29, 2023 | Apr 30, 2022 | Apr 24, 2021 | Apr 25, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 185,931 | 207,557 | 203,210 | 155,981 | -588,446 |
| Total assets | US$ in thousands | 2,896,730 | 2,879,150 | 2,741,630 | 2,751,510 | 2,715,350 |
| ROA | 6.42% | 7.21% | 7.41% | 5.67% | -21.67% |
April 27, 2024 calculation
ROA = Net income ÷ Total assets
= $185,931K ÷ $2,896,730K
= 6.42%
Patterson Companies Inc's return on assets (ROA) has shown fluctuations over the past five years. In the most recent fiscal year ending on April 27, 2024, the ROA was 6.42%, a decrease from the previous year's 7.21%. Despite the slight decline, the company's ROA remains positive, indicating that it generated a profit relative to its total assets.
Comparing the ROA of Patterson Companies Inc to the previous years, it is evident that the company's performance has been relatively stable over the period. The highest ROA of 7.41% was recorded in April 30, 2022, while the lowest ROA of -21.67% occurred on April 25, 2020, signifying a period of operational inefficiency or financial distress.
Overall, Patterson Companies Inc's ROA trend suggests that the company has been able to effectively utilize its assets to generate profit, with some variability in performance observed. It would be beneficial for stakeholders to delve deeper into the company's financial operations to understand the factors driving these fluctuations and assess the sustainability of its profitability.
Peer comparison
Apr 27, 2024