Patterson Companies Inc (PDCO)
Return on total capital
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 288,375 | 298,084 | 303,409 | 318,029 | 304,756 | 282,301 | 283,743 | 275,077 | 288,038 | 242,130 | 227,784 | 234,891 | 225,087 | -441,776 | -461,594 | -556,414 | -547,699 | 124,032 | 124,615 | 189,652 |
| Long-term debt | US$ in thousands | 328,911 | 448,219 | 449,974 | 450,603 | 451,231 | 451,910 | 485,522 | 488,809 | 488,554 | 488,353 | 488,091 | 487,818 | 487,545 | 487,850 | 588,329 | 588,011 | 587,766 | 587,455 | 663,513 | 718,145 |
| 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 |
| Return on total capital | 21.68% | 21.00% | 20.17% | 20.37% | 19.43% | 18.18% | 18.59% | 18.16% | 18.82% | 15.81% | 15.19% | 16.01% | 15.52% | -31.09% | -31.21% | -38.62% | -38.52% | 6.03% | 5.88% | 8.55% |
April 27, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $288,375K ÷ ($328,911K + $1,001,140K)
= 21.68%
Patterson Companies Inc's return on total capital has shown varying levels over the past several quarters. In the most recent period ending April 27, 2024, the return on total capital was 21.68%, indicating a solid performance in generating profit relative to the invested capital. This was consistent with the previous quarter, where the return was 21.00%.
Looking further back, the trend shows a general improvement in return on total capital over the last few quarters, with figures ranging from 18.16% to 21.68%. However, there were some periods of decline, such as in the quarters ending January 2023 and January 2022, where the returns dipped to 18.18% and 15.81% respectively.
It's worth noting that there were significant negative returns on total capital in the quarters ending April 24, 2021, and January 23, 2021, with percentages of -31.09% and -31.21% respectively. This suggests that the company faced challenges during those periods in effectively utilizing its capital to generate profits.
Overall, Patterson Companies Inc's return on total capital has shown volatility and fluctuation in recent quarters, with a mix of strong performances and periods of weaker returns. Investors and stakeholders should continue to monitor these metrics to assess the company's financial performance and efficiency in capital utilization.
Peer comparison
Apr 27, 2024