The Cooper Companies, Inc. Common Stock (COO)
Days of inventory on hand (DOH)
| Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 3.78 | 3.97 | 4.89 | 4.50 | 4.05 | |
| DOH | days | 96.55 | 91.87 | 74.70 | 81.17 | 90.02 |
October 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.78
= 96.55
The days of inventory on hand (DOH) for The Cooper Companies, Inc. Common Stock has shown a fluctuating trend over the past five years. In the most recent fiscal year ending on October 31, 2024, the company had 96.55 days of inventory on hand, which was higher compared to the previous year's figure of 91.87 days. This increase suggests that the company may have held inventory for a longer period before selling it.
In the fiscal year ending October 31, 2023, the DOH was 91.87 days, which was an increase from the prior year's 74.70 days. This rise indicated that the company held inventory for a longer period in that year. The trend continued in the fiscal year ending October 31, 2022, where the DOH was at 74.70 days, representing a decrease from the preceding years. This reduction may suggest an improvement in inventory management efficiency or a decrease in sales.
Moreover, in the fiscal years ending October 31, 2021, and October 31, 2020, the company reported DOH figures of 81.17 days and 90.02 days, respectively. These values indicate fluctuations in inventory management practices during those years.
Overall, the trend in The Cooper Companies, Inc. Common Stock's days of inventory on hand reflects varying levels of inventory management effectiveness and operational efficiency over the past five years. Monitoring this ratio can provide insights into the company's inventory turnover, production planning, and supply chain management strategies.
Peer comparison
Oct 31, 2024