Patterson Companies Inc (PDCO)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 185,931 | 193,860 | 200,086 | 214,201 | 207,557 | 196,470 | 199,547 | 193,804 | 203,210 | 168,087 | 159,840 | 165,570 | 155,981 | -481,360 | -506,892 | -594,081 | -588,446 | 48,130 | 56,128 | 118,126 |
| 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 |
| ROA | 6.42% | 6.59% | 6.92% | 7.43% | 7.21% | 6.68% | 6.93% | 7.03% | 7.41% | 5.87% | 5.51% | 6.02% | 5.67% | -16.88% | -18.17% | -22.45% | -21.67% | 1.37% | 1.63% | 3.53% |
April 27, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $185,931K ÷ $2,896,730K
= 6.42%
ROA, which is a measure of a company's profitability in relation to its total assets, for Patterson Companies Inc has fluctuated over the past several quarters. The company's ROA ranged from -22.45% to 7.43% during the period.
Patterson Companies Inc experienced a significant decline in ROA in the first quarter of FY 2021 (ending January 23, 2021) and the second quarter of FY 2021 (ending April 24, 2021), with ROA values of -16.88% and -18.17% respectively. This suggests that the company's profitability in relation to its total assets deteriorated significantly during that period.
However, the company managed to improve its ROA in subsequent quarters, with the metric gradually increasing to 7.41% in the third quarter of FY 2023 (ending April 30, 2022) before declining slightly in the most recent quarter to 6.42% (ending April 27, 2024).
Overall, while Patterson Companies Inc has shown some volatility in its ROA performance, the general trend indicates a recovery in profitability in recent quarters. This improvement may be attributed to strategic initiatives or operational efficiencies implemented by the company.
Peer comparison
Apr 27, 2024