The Cooper Companies, Inc. Common Stock (COO)
Inventory turnover
| Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 3,034,600 | 2,922,700 | 3,072,100 | 2,633,300 | 2,312,900 |
| Inventory | US$ in thousands | 802,700 | 735,600 | 628,700 | 585,600 | 570,400 |
| Inventory turnover | 3.78 | 3.97 | 4.89 | 4.50 | 4.05 |
October 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $3,034,600K ÷ $802,700K
= 3.78
The inventory turnover for The Cooper Companies, Inc. Common Stock has shown a fluctuating trend over the past five years. In 2024, the inventory turnover ratio was 3.78, indicating that the company's inventory was converted into sales approximately 3.78 times during the year. This marks a slight decrease from the previous year's ratio of 3.97.
Looking further back, the inventory turnover ratio in 2022 was 4.89, reflecting a significant increase compared to 2024. This suggests that the company was managing its inventory more efficiently that year, converting it into sales almost 5 times throughout the year. In 2021 and 2020, the inventory turnover ratios were 4.50 and 4.05, respectively.
Overall, the downward trend in inventory turnover from 2022 to 2024 may signal potential inefficiencies in managing inventory or a change in sales patterns. Further analysis of the company's inventory management practices and sales strategies would be valuable in understanding the factors contributing to these fluctuations.
Peer comparison
Oct 31, 2024