Patterson Companies Inc (PDCO)
Return on assets (ROA)
| Apr 30, 2024 | Apr 27, 2024 | Apr 30, 2023 | Apr 29, 2023 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 185,931 | 185,931 | 207,557 | 207,557 | 203,210 |
| Total assets | US$ in thousands | 2,896,730 | 2,896,730 | 2,879,150 | 2,879,150 | 2,741,630 |
| ROA | 6.42% | 6.42% | 7.21% | 7.21% | 7.41% |
April 30, 2024 calculation
ROA = Net income ÷ Total assets
= $185,931K ÷ $2,896,730K
= 6.42%
Based on the data provided, Patterson Companies Inc's return on assets (ROA) has shown a slight decline from 7.41% as of April 30, 2022, to 6.42% as of April 30, 2024. This suggests that the company's ability to generate profits from its assets has decreased over this period. A declining ROA can indicate inefficiencies in asset utilization or a decrease in profitability relative to the size of the asset base. It is important for Patterson Companies Inc to identify the factors contributing to this decline and implement strategies to improve its ROA in order to enhance overall financial performance and efficiency.
Peer comparison
Apr 30, 2024