The Cooper Companies Inc. (COO)
Fixed asset turnover
| 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 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,557,200 | 3,487,900 | 3,390,400 | 3,313,300 | 3,281,000 | 3,229,200 | 3,174,500 | 3,106,000 | 3,000,400 | 2,893,900 | 2,826,900 | 2,641,600 | 2,440,300 | 2,400,800 | 2,410,800 | 2,501,000 | 2,643,200 | 2,636,700 | 2,596,600 | 2,593,900 |
| Property, plant and equipment | US$ in thousands | 1,682,200 | 1,632,600 | 1,535,000 | 1,489,800 | 1,464,000 | 1,413,700 | 1,361,300 | 1,365,600 | 1,361,500 | 1,347,600 | 1,314,300 | 1,310,000 | 1,305,100 | 1,281,900 | 1,237,700 | 1,196,100 | 1,168,500 | 1,132,100 | 1,065,400 | 1,032,700 |
| Fixed asset turnover | 2.11 | 2.14 | 2.21 | 2.22 | 2.24 | 2.28 | 2.33 | 2.27 | 2.20 | 2.15 | 2.15 | 2.02 | 1.87 | 1.87 | 1.95 | 2.09 | 2.26 | 2.33 | 2.44 | 2.51 |
January 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $3,557,200K ÷ $1,682,200K
= 2.11
The fixed asset turnover of Cooper Companies, Inc. has shown a relatively stable trend over the past eight quarters. The ratio has ranged between 2.18 and 2.37, indicating that, on average, the company generates $2.18 to $2.37 in sales for each dollar invested in fixed assets.
Although there have been slight fluctuations in the ratio, the general trend suggests efficient utilization of fixed assets to generate sales revenue. A higher fixed asset turnover signifies that the company is effectively using its assets to generate sales, which is often seen as a positive indication of operational efficiency.
The consistent range of fixed asset turnover over the quarters implies that Cooper Companies, Inc. has been able to maintain a steady level of efficiency in utilizing its fixed assets throughout the periods analyzed. This suggests that the company is managing its fixed assets effectively to drive revenue generation.
Peer comparison
Jan 31, 2024