The Cooper Companies Inc. (COO)
Inventory turnover
| Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | Oct 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 2,922,700 | 3,072,100 | 2,633,300 | 2,312,900 | 2,039,000 |
| Inventory | US$ in thousands | 735,600 | 628,700 | 585,600 | 570,400 | 506,900 |
| Inventory turnover | 3.97 | 4.89 | 4.50 | 4.05 | 4.02 |
October 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $2,922,700K ÷ $735,600K
= 3.97
The inventory turnover ratio for Cooper Companies, Inc. has fluctuated over the past five years, indicating varying efficiency in managing its inventory. In 2023, the ratio decreased to 1.68 from 1.86 in 2022, suggesting a potential slowdown in inventory turnover. This could imply either increasing inventory levels or a decrease in cost of goods sold. It is important for the company to closely monitor inventory levels and ensure efficient utilization of its resources to maintain healthy operational performance.
Peer comparison
Oct 31, 2023
Company name
Symbol
Inventory turnover
The Cooper Companies Inc.
COO
3.97
National Vision Holdings Inc
EYE
18.13
STAAR Surgical Company
STAA
0.99