Patterson Companies Inc (PDCO)
Return on total capital
| Apr 30, 2024 | Apr 27, 2024 | Apr 30, 2023 | Apr 29, 2023 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 286,600 | 288,375 | 302,434 | 304,756 | 285,179 |
| Long-term debt | US$ in thousands | — | 328,911 | — | 451,231 | — |
| Total stockholders’ equity | US$ in thousands | 1,001,140 | 1,001,140 | 1,118,540 | 1,117,540 | 1,042,640 |
| Return on total capital | 28.63% | 21.68% | 27.04% | 19.43% | 27.35% |
April 30, 2024 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $286,600K ÷ ($—K + $1,001,140K)
= 28.63%
Patterson Companies Inc's return on total capital has displayed some fluctuations over the past few years. Starting at 27.35% in April 2022, the return decreased to 19.43% by April 2023, before rebounding to 27.04% in the same year. Subsequently, in April 2024, the return decreased to 21.68%, only to recover significantly to 28.63% by the end of April 2024.
These fluctuations in return on total capital indicate variability in the company's efficiency in generating profits from its total capital base. It is essential for Patterson Companies Inc to analyze the drivers behind these fluctuations to sustain and improve its return on total capital in the future.
Peer comparison
Apr 30, 2024