The Cooper Companies Inc. (COO)
Days of inventory on hand (DOH)
| Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | Oct 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 3.97 | 4.89 | 4.50 | 4.05 | 4.02 | |
| DOH | days | 91.87 | 74.70 | 81.17 | 90.02 | 90.74 |
October 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.97
= 91.87
The days of inventory on hand (DOH) for Cooper Companies, Inc. have fluctuated over the past five years. In 2023, the DOH increased to 217.35 days from 196.33 days in 2022. This suggests that the company held inventory for a longer period in 2023. Compared to 2021, the DOH decreased, indicating a more efficient management of inventory in 2022. However, in 2021 and 2020, the DOH was relatively high at 221.11 days and 232.34 days, respectively, which may indicate inventory management challenges. The decrease in DOH in 2022 suggests that the company may have improved its inventory management practices. Similarly, the increase in 2023 may raise concerns about the company's ability to efficiently manage its inventory. Further analysis of the underlying factors driving these changes is necessary to fully understand the implications for the company's operations and financial performance.
Peer comparison
Oct 31, 2023