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

Company name
Symbol
Fixed asset turnover
The Cooper Companies Inc.
COO
2.11
National Vision Holdings Inc
EYE
6.05
STAAR Surgical Company
STAA
4.82