The Cooper Companies, Inc. Common Stock (COO)
Fixed asset turnover
| Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,895,400 | 3,487,900 | 3,229,100 | 2,893,900 | 2,392,900 |
| Property, plant and equipment | US$ in thousands | 1,860,500 | 1,628,800 | 1,413,700 | 1,347,600 | 1,281,900 |
| Fixed asset turnover | 2.09 | 2.14 | 2.28 | 2.15 | 1.87 |
October 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $3,895,400K ÷ $1,860,500K
= 2.09
The fixed asset turnover ratio measures how effectively a company utilizes its fixed assets to generate revenue. The trend analysis of The Cooper Companies, Inc. Common Stock's fixed asset turnover ratio over the past five years indicates fluctuations in the efficiency of utilizing fixed assets:
- In 2024, the fixed asset turnover ratio was 2.09, slightly lower than the previous year's ratio of 2.14.
- The ratio peaked in 2022 at 2.28, showing the highest efficiency in utilizing fixed assets to generate revenue.
- The ratio dipped to 1.87 in 2020, indicating a lower efficiency in that year.
Overall, the trend in The Cooper Companies, Inc. Common Stock's fixed asset turnover ratio suggests some variability in the company's ability to generate revenue from its fixed assets efficiently. Further analysis of the company's operational efficiency and capital investments may provide deeper insights into the fluctuations observed in the fixed asset turnover ratio over the past five years.
Peer comparison
Oct 31, 2024