The asset utilization indicator refers to the revenue earned for every dollar of assets a company currently reports. Patterson Companies has an asset utilization ratio of 153.66 percent. This suggests that the company is making $1.54 for each dollar of assets. An increasing asset utilization means that Patterson Companies is more efficient with each dollar of assets it utilizes for everyday operations. About
12.0% of the company outstanding shares are owned by corporate insiders. The book value of Patterson Companies was at this time reported as 8.96. Patterson Companies recorded a loss per share of
6.29. The entity last dividend was issued on the 15th of October 2020. The firm had
2:1 split on the 25th of October 2004.
The successful prediction of Patterson Companies
stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published
stock prices of traded companies, such as Patterson Companies, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at
the intrinsic value of Patterson Companies based on Patterson Companies hews, social hype, general headline patterns, and widely used
predictive technical indicators. We also calculate exposure to Patterson Companies's
market risk, different
technical and
fundamental indicators, relevant financial multiples and ratios, and then
comparing them to Patterson Companies's related companies.
Use Technical Analysis to project Patterson expected Price
Patterson Companies technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Patterson Companies technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Patterson Companies trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions.
More Info...Patterson Companies Gross Profit
Patterson Companies Gross Profit growth is one of the most critical measures in evaluating the company. The Gross Profit growth rate is calculated simply by comparing Patterson Companies previous period's values with its current period's values. Each time period you're measuring should be of equal lengths the increase or decrease, in a company's Gross Profit between two periods. Here we show Patterson Companies Gross Profit growth over the last 10 years. Please check Patterson Companies'
gross profit and other
fundamental indicators for more details.
Is Patterson Companies valued appropriately by the market?
The company reported the previous year's revenue of 5.41
B. Net Loss for the year was (594.08
M) with profit before overhead, payroll, taxes, and interest of 1.2
B.
Cost of Revenue Breakdown
Patterson Companies Cost of Revenue yearly trend continues to be quite stable with very little volatility. The value of Cost of Revenue is projected to decrease to about 4
B. Cost of Revenue usually refers to the aggregate cost of goods produced and sold and services rendered during the reporting period. Patterson Companies Cost of Revenue is quite stable at the moment as compared to the past year. The company's current value of Cost of Revenue is estimated at 3.97 Billion
| 2010 | 2.15 Billion |
| 2011 | 2.85 Billion |
| 2015 | 4.38 Billion |
| 2019 | 4.06 Billion |
| 2020 | 3.97 Billion |
Our perspective of the latest Patterson Companies rise
Latest mean deviation is at 2.11. Patterson Companies exhibits very low volatility with skewness of 0.01 and kurtosis of 3.38. However, we advise investors to further study Patterson Companies technical indicators to make sure all market info is available and is reliable.
Our Final Takeaway
Whereas some other entities under the medical distribution industry are still a bit expensive, Patterson Companies may offer a potential longer-term growth to institutional investors. To summarize, as of the 2nd of December 2020, we believe Patterson Companies is currently
overvalued. It actively responds to the market and projects
below average chance of financial distress in the next two years. Our concluding 30 days buy-hold-sell advice on the company is
Hold.
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Raphi Shpitalnik is a Junior Member of Macroaxis Editorial Board. Raphael is a young entrepreneur who joined Macroaxis on a part-time basis at the beginning of the pandemic and eventually acquired a real taste for investing and fintech. He likes to analyze different equity instruments across a wide range of industries, focusing primarily on consumer products, sports, fintech, cannabis, and AI.
View Profile This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Raphi Shpitalnik do not own shares of Patterson Companies. Please refer to our
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