Patterson Companies Inc (PDCO)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 1,001,140 | 971,482 | 1,054,300 | 1,110,340 | 1,117,540 | 1,101,300 | 1,040,900 | 1,025,890 | 1,041,680 | 1,043,240 | 1,011,110 | 979,344 | 963,216 | 932,909 | 890,839 | 852,616 | 834,117 | 1,469,430 | 1,455,830 | 1,500,360 |
| ROE | 18.57% | 19.96% | 18.98% | 19.29% | 18.57% | 17.84% | 19.17% | 18.89% | 19.51% | 16.11% | 15.81% | 16.91% | 16.19% | -51.60% | -56.90% | -69.68% | -70.55% | 3.28% | 3.86% | 7.87% |
April 27, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $185,931K ÷ $1,001,140K
= 18.57%
Patterson Companies Inc's return on equity (ROE) has shown fluctuating trends over the past few quarters. From April 27, 2024, to January 29, 2022, the ROE remained relatively stable, ranging from 16.11% to 19.96%, indicating the company's ability to generate profits from shareholders' equity.
However, there was a significant decline in ROE in the previous quarter, with the ROE plummeting to -51.60%, and further dropping to -56.90% in the following quarter. These negative ROE figures suggest that the company's net income was not sufficient to cover its shareholders' equity, potentially indicating financial difficulties or inefficiencies in operations during those periods.
Nevertheless, Patterson Companies Inc managed to improve its ROE in the subsequent quarters, reaching positive figures again. It is worth noting that the ROE was relatively low in comparison to previous periods, even after the recovery, hovering around the 15-20% range.
Overall, the analysis of Patterson Companies Inc's ROE highlights the company's varying profitability performance and the importance of sustaining a healthy return on equity to ensure long-term shareholder value and financial stability.
Peer comparison
Apr 27, 2024