Patterson Dividends Paid vs Change To Inventory Analysis

PDCO Stock  USD 30.90  0.12  0.39%   
Patterson Companies financial indicator trend analysis is much more than just breaking down Patterson Companies prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Patterson Companies is a good investment. Please check the relationship between Patterson Companies Dividends Paid and its Change To Inventory accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Patterson Companies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
To learn how to invest in Patterson Stock, please use our How to Invest in Patterson Companies guide.

Dividends Paid vs Change To Inventory

Dividends Paid vs Change To Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Patterson Companies Dividends Paid account and Change To Inventory. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Patterson Companies' Dividends Paid and Change To Inventory is -0.24. Overlapping area represents the amount of variation of Dividends Paid that can explain the historical movement of Change To Inventory in the same time period over historical financial statements of Patterson Companies, assuming nothing else is changed. The correlation between historical values of Patterson Companies' Dividends Paid and Change To Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Dividends Paid of Patterson Companies are associated (or correlated) with its Change To Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Inventory has no effect on the direction of Dividends Paid i.e., Patterson Companies' Dividends Paid and Change To Inventory go up and down completely randomly.

Correlation Coefficient

-0.24
Relationship DirectionNegative 
Relationship StrengthInsignificant

Dividends Paid

The total amount of dividends that a company has paid out to its shareholders over a specific period.

Change To Inventory

The increase or decrease in the amount of inventory a company has over a certain period.
Most indicators from Patterson Companies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Patterson Companies current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Patterson Companies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
To learn how to invest in Patterson Stock, please use our How to Invest in Patterson Companies guide.At this time, Patterson Companies' Enterprise Value Over EBITDA is very stable compared to the past year. As of the 18th of December 2024, Enterprise Value Multiple is likely to grow to 9.37, while Selling General Administrative is likely to drop about 748.6 M.
 2021 2022 2023 2024 (projected)
Gross Profit1.3B1.4B1.4B894.1M
Total Revenue6.5B6.5B6.6B6.9B

Patterson Companies fundamental ratios Correlations

0.790.790.440.880.640.70.810.480.130.950.010.140.89-0.820.910.630.09-0.060.930.160.950.050.570.80.75
0.790.570.140.820.350.50.830.140.30.81-0.280.330.84-0.560.80.28-0.17-0.330.650.010.710.490.680.640.54
0.790.570.530.60.590.40.470.50.150.610.130.150.55-0.720.550.620.510.230.810.180.90.170.140.740.42
0.440.140.530.140.930.630.00.94-0.320.250.79-0.340.28-0.810.160.930.780.820.590.850.580.23-0.380.550.43
0.880.820.60.140.360.460.980.140.450.93-0.360.470.83-0.620.860.31-0.19-0.360.650.010.750.140.820.780.57
0.640.350.590.930.360.710.250.95-0.220.50.7-0.230.47-0.930.420.950.610.620.750.740.730.19-0.130.690.61
0.70.50.40.630.460.710.420.68-0.430.690.37-0.440.81-0.750.70.770.220.250.770.440.65-0.010.240.410.9
0.810.830.470.00.980.250.420.010.490.91-0.460.510.81-0.510.860.18-0.34-0.510.56-0.090.640.130.90.70.56
0.480.140.50.940.140.950.680.01-0.470.310.84-0.480.33-0.840.260.970.680.780.670.70.610.08-0.340.460.54
0.130.30.15-0.320.45-0.22-0.430.49-0.470.19-0.591.0-0.010.120.15-0.41-0.3-0.54-0.13-0.180.060.190.470.49-0.25
0.950.810.610.250.930.50.690.910.310.19-0.170.20.92-0.710.960.46-0.13-0.290.820.050.82-0.020.760.720.79
0.01-0.280.130.79-0.360.70.37-0.460.84-0.59-0.17-0.61-0.12-0.45-0.180.720.640.860.280.680.18-0.01-0.70.080.21
0.140.330.15-0.340.47-0.23-0.440.51-0.481.00.2-0.610.010.110.15-0.42-0.32-0.56-0.14-0.190.060.240.490.49-0.27
0.890.840.550.280.830.470.810.810.33-0.010.92-0.120.01-0.670.920.48-0.13-0.210.80.10.790.10.680.580.8
-0.82-0.56-0.72-0.81-0.62-0.93-0.75-0.51-0.840.12-0.71-0.450.11-0.67-0.61-0.9-0.48-0.42-0.84-0.58-0.86-0.21-0.15-0.79-0.66
0.910.80.550.160.860.420.70.860.260.150.96-0.180.150.92-0.610.41-0.21-0.360.8-0.070.77-0.10.750.610.85
0.630.280.620.930.310.950.770.180.97-0.410.460.72-0.420.48-0.90.410.660.70.770.650.730.08-0.190.550.65
0.09-0.170.510.78-0.190.610.22-0.340.68-0.3-0.130.64-0.32-0.13-0.48-0.210.660.840.30.550.310.18-0.660.250.06
-0.06-0.330.230.82-0.360.620.25-0.510.78-0.54-0.290.86-0.56-0.21-0.42-0.360.70.840.180.710.160.16-0.780.070.01
0.930.650.810.590.650.750.770.560.67-0.130.820.28-0.140.8-0.840.80.770.30.180.250.96-0.030.290.680.78
0.160.010.180.850.010.740.44-0.090.7-0.180.050.68-0.190.1-0.58-0.070.650.550.710.250.260.37-0.350.460.17
0.950.710.90.580.750.730.650.640.610.060.820.180.060.79-0.860.770.730.310.160.960.260.110.320.80.65
0.050.490.170.230.140.19-0.010.130.080.19-0.02-0.010.240.1-0.21-0.10.080.180.16-0.030.370.11-0.020.28-0.19
0.570.680.14-0.380.82-0.130.240.9-0.340.470.76-0.70.490.68-0.150.75-0.19-0.66-0.780.29-0.350.32-0.020.370.41
0.80.640.740.550.780.690.410.70.460.490.720.080.490.58-0.790.610.550.250.070.680.460.80.280.370.42
0.750.540.420.430.570.610.90.560.54-0.250.790.21-0.270.8-0.660.850.650.060.010.780.170.65-0.190.410.42
Click cells to compare fundamentals

Patterson Companies Account Relationship Matchups

Patterson Companies fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.7B2.8B2.7B2.9B2.9B1.9B
Short Long Term Debt Total668.3M721.9M590.2M628.0M762.9M519.4M
Other Current Liab182.1M294.4M276M250.9M245.6M127.0M
Total Current Liabilities1.1B1.1B1.0B1.1B1.3B1.4B
Total Stockholder Equity836.4M964.7M1.0B1.1B1.0B938.6M
Property Plant And Equipment Net382.7M296.7M283.9M305.2M351.4M368.9M
Net Debt590.4M578.6M448.2M468.3M648.5M680.9M
Retained Earnings799.7M855.7M921.7M972.1M831.5M917.7M
Accounts Payable862.1M609.3M681.3M725.0M745.4M782.6M
Cash77.9M143.2M142.0M159.7M114.5M184.6M
Non Current Assets Total1.2B1.1B1.1B1.1B1.1B892.5M
Non Currrent Assets Other337.6M89.9M246.3M123.3M250.7M263.2M
Cash And Short Term Investments77.9M143.2M142.0M159.7M114.5M190.8M
Net Receivables416.5M449.2M447.2M477.4M547.3M389.9M
Common Stock Shares Outstanding94.2M96.7M98.5M97.8M93.7M94.8M
Liabilities And Stockholders Equity2.7B2.8B2.7B2.9B2.9B1.9B
Non Current Liabilities Total804.0M697.2M683.3M675.3M562.5M493.7M
Inventory812.2M736.8M785.6M795.1M782.9M822.0M
Other Current Assets236.1M573.3M304.2M351.0M334.1M350.8M
Other Stockholder Equity132.9M169.1M200.5M233.7M258.7M271.6M
Total Liab1.9B1.8B1.7B1.8B1.9B987.4M
Property Plant And Equipment Gross382.7M296.7M283.9M305.2M784.7M823.9M
Total Current Assets1.5B1.6B1.7B1.8B1.8B1.0B
Accumulated Other Comprehensive Income(97.0M)(62.6M)(81.5M)(89.3M)(89.9M)(85.4M)
Short Term Debt30.7M186.0M58.3M109.4M341.6M358.6M
Good Will138.7M139.9M140.6M156.4M156.3M148.5M
Common Stock Total Equity953K959K968K964K1.1M1.0M
Intangible Assets313.5M279.6M252.6M231.9M193.3M275.3M
Common Stock953K959K968K964K897K1.0M
Other Liab153.3M161.3M141.4M156.7M180.2M97.2M
Other Assets337.4M419.4M226.4M242.5M278.8M207.8M
Property Plant Equipment303.7M219.4M213.1M212.3M244.1M196.5M
Current Deferred Revenue22.0M134.5M38.6M(45M)37.4M60.8M
Long Term Debt587.8M487.5M488.6M451.2M328.9M635.5M
Net Tangible Assets381.9M543.6M648.4M729.2M838.6M447.3M
Noncontrolling Interest In Consolidated Entity2.3M1.5M959K1M900K855K
Retained Earnings Total Equity799.7M855.7M921.7M972.1M874.9M1.1B
Long Term Debt Total587.8M487.5M488.6M451.2M406.1M558.9M

Pair Trading with Patterson Companies

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Patterson Companies position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Patterson Companies will appreciate offsetting losses from the drop in the long position's value.

Moving together with Patterson Stock

  0.63EW Edwards Lifesciences CorpPairCorr

Moving against Patterson Stock

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  0.51DRIO DarioHealth CorpPairCorr
  0.43EDAP EDAP TMS SAPairCorr
  0.41VNRX VolitionrxPairCorr
The ability to find closely correlated positions to Patterson Companies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Patterson Companies when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Patterson Companies - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Patterson Companies to buy it.
The correlation of Patterson Companies is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Patterson Companies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Patterson Companies moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Patterson Companies can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Patterson Companies offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Patterson Companies' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Patterson Companies Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Patterson Companies Stock:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Patterson Companies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
To learn how to invest in Patterson Stock, please use our How to Invest in Patterson Companies guide.
You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Is Health Care Providers & Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Patterson Companies. If investors know Patterson will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Patterson Companies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.53)
Earnings Share
1.69
Revenue Per Share
71.704
Quarterly Revenue Growth
(0.02)
Return On Assets
0.056
The market value of Patterson Companies is measured differently than its book value, which is the value of Patterson that is recorded on the company's balance sheet. Investors also form their own opinion of Patterson Companies' value that differs from its market value or its book value, called intrinsic value, which is Patterson Companies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Patterson Companies' market value can be influenced by many factors that don't directly affect Patterson Companies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Patterson Companies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Patterson Companies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Patterson Companies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.