Patrick Inventory Turnover from 2010 to 2024
| PATK Stock | USD 106.81 1.65 1.52% |
Inventory Turnover | First Reported 2010-12-31 | Previous Quarter 5.41918676 | Current Value 9.41 | Quarterly Volatility 1.40880203 |
Check Patrick Industries financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Patrick main balance sheet or income statement drivers, such as Depreciation And Amortization of 151.8 M, Interest Expense of 72.4 M or Total Revenue of 3.6 B, as well as many exotic indicators such as Price To Sales Ratio of 0.65, Dividend Yield of 0.0123 or PTB Ratio of 1.33. Patrick financial statements analysis is a perfect complement when working with Patrick Industries Valuation or Volatility modules.
Patrick | Inventory Turnover |
Latest Patrick Industries' Inventory Turnover Growth Pattern
Below is the plot of the Inventory Turnover of Patrick Industries over the last few years. It is a ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management. Patrick Industries' Inventory Turnover historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Patrick Industries' overall financial position and show how it may be relating to other accounts over time.
| Inventory Turnover | 10 Years Trend |
|
Inventory Turnover |
| Timeline |
Patrick Inventory Turnover Regression Statistics
| Arithmetic Mean | 7.66 | |
| Geometric Mean | 7.53 | |
| Coefficient Of Variation | 18.40 | |
| Mean Deviation | 1.16 | |
| Median | 7.91 | |
| Standard Deviation | 1.41 | |
| Sample Variance | 1.98 | |
| Range | 4.2474 | |
| R-Value | (0.60) | |
| Mean Square Error | 1.37 | |
| R-Squared | 0.36 | |
| Significance | 0.02 | |
| Slope | (0.19) | |
| Total Sum of Squares | 27.79 |
Patrick Inventory Turnover History
About Patrick Industries Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Patrick Industries income statement, its balance sheet, and the statement of cash flows. Patrick Industries investors use historical funamental indicators, such as Patrick Industries's Inventory Turnover, to determine how well the company is positioned to perform in the future. Although Patrick Industries investors may use each financial statement separately, they are all related. The changes in Patrick Industries's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Patrick Industries's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Patrick Industries Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Patrick Industries. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Inventory Turnover | 5.42 | 9.41 |
Becoming a Better Investor with Macroaxis
Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Patrick Industries using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.Build Optimal Portfolios
Align your risk with return expectations
Check out the analysis of Patrick Industries Correlation against competitors. For more information on how to buy Patrick Stock please use our How to buy in Patrick Stock guide.You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
Complementary Tools for Patrick Stock analysis
When running Patrick Industries' price analysis, check to measure Patrick Industries' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Patrick Industries is operating at the current time. Most of Patrick Industries' value examination focuses on studying past and present price action to predict the probability of Patrick Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Patrick Industries' price. Additionally, you may evaluate how the addition of Patrick Industries to your portfolios can decrease your overall portfolio volatility.
| Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
| Bonds Directory Find actively traded corporate debentures issued by US companies | |
| Portfolio Center All portfolio management and optimization tools to improve performance of your portfolios | |
| Stocks Directory Find actively traded stocks across global markets | |
| Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope | |
| Share Portfolio Track or share privately all of your investments from the convenience of any device |
Is Patrick Industries' industry 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 Patrick Industries. If investors know Patrick 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 Patrick Industries 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 (0.16) | Dividend Share 1.9 | Earnings Share 6.5 | Revenue Per Share 161.162 | Quarterly Revenue Growth (0.18) |
The market value of Patrick Industries is measured differently than its book value, which is the value of Patrick that is recorded on the company's balance sheet. Investors also form their own opinion of Patrick Industries' value that differs from its market value or its book value, called intrinsic value, which is Patrick Industries' 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 Patrick Industries' market value can be influenced by many factors that don't directly affect Patrick Industries' 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 Patrick Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Patrick Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Patrick Industries' 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.