The Cooper Companies, Inc. Common Stock (COO)
Days of inventory on hand (DOH)
| Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 3.78 | 3.86 | 3.84 | 3.99 | 3.97 | 3.01 | 3.02 | 3.12 | 3.19 | 4.69 | 4.76 | 4.66 | 4.50 | 4.36 | 4.14 | 4.08 | 4.05 | 3.35 | 3.56 | 3.37 | |
| DOH | days | 96.55 | 94.59 | 95.04 | 91.42 | 91.87 | 121.31 | 120.77 | 117.04 | 114.26 | 77.88 | 76.69 | 78.41 | 81.17 | 83.75 | 88.20 | 89.54 | 90.02 | 109.03 | 102.53 | 108.45 |
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 have shown some fluctuations over the past few years.
From January 2020 to April 2020, there was an increase in DOH from 90.02 days to 108.45 days, indicating that the company was carrying more inventory on hand relative to its sales. This trend continued until July 2023, where DOH peaked at 121.31 days, suggesting potential inefficiencies in managing inventory levels.
However, from July 2023 onwards, there was a gradual decrease in DOH, indicating improvements in inventory management. By October 2023, DOH had decreased significantly to 91.87 days, which continued to decrease over the next few periods. By January 2024, DOH reached 91.42 days, reflecting a more efficient control over inventory levels.
From January 2024 to October 2024, DOH remained relatively stable around the mid-90s range, with slight fluctuations. This suggests that the company has been able to maintain a balanced inventory level that aligns closely with its sales patterns.
Overall, the trend in DOH for The Cooper Companies, Inc. Common Stock indicates a move towards more effective inventory management practices, as seen by the decreasing trend in recent periods, which can lead to improved operational efficiency and potentially higher profitability.
Peer comparison
Oct 31, 2024