PetMed Express, Inc. Overcomes Challenges with Strong Inventory Turnover and Depreciation Performance

Despite facing some challenges, PetMed Express, Inc. has shown strong performance in terms of inventory turnover ratio and depreciation. However, the company has seen a decline in pre-tax profit, net profit, and operating cash flow. The operating profit margin has also deteriorated, indicating a decrease in profitability. Additionally, the company's short-term liquidity is declining and it is distributing lower dividends compared to previous years. The increase in raw material costs may also affect the company's profit margin. Investors should carefully consider these factors before making any investment decisions.