The Cooper Companies, Inc. Common Stock (COO)
Fixed asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,865,500 | 3,747,900 | 3,648,500 | 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 |
| Property, plant and equipment | US$ in thousands | 1,860,500 | 1,747,600 | 1,709,300 | 1,682,200 | 1,628,800 | 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 |
| Fixed asset turnover | 2.08 | 2.14 | 2.13 | 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 |
October 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $3,865,500K ÷ $1,860,500K
= 2.08
The fixed asset turnover for The Cooper Companies, Inc. Common Stock has shown a generally stable trend over the past few years, ranging between 1.87 and 2.33. This ratio measures how effectively the company generates sales revenue from its investment in fixed assets.
The ratio has exhibited slight fluctuations quarter by quarter but has remained consistently above 2.00, indicating that the company has been efficient in utilizing its fixed assets to generate revenue. A higher fixed asset turnover ratio suggests better efficiency in asset utilization.
Overall, the company's ability to generate sales from its fixed assets has remained relatively strong and consistent, reflecting good operational efficiency and asset management practices. Further analysis and comparison with industry benchmarks can provide more insights into the company's performance in this aspect.
Peer comparison
Oct 31, 2024