The Cooper Companies Inc. (COO)
Inventory 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 2,984,300 | 2,922,700 | 2,177,200 | 2,112,500 | 2,055,500 | 2,008,300 | 2,913,300 | 2,873,900 | 2,737,700 | 2,633,200 | 2,562,100 | 2,408,500 | 2,325,700 | 2,312,900 | 1,991,500 | 2,022,800 | 1,772,000 | 1,468,700 | 1,168,500 | 886,000 |
| Inventory | US$ in thousands | 747,500 | 735,600 | 723,600 | 699,000 | 659,100 | 628,700 | 621,600 | 603,800 | 588,100 | 585,600 | 587,900 | 582,000 | 570,500 | 570,400 | 594,900 | 568,200 | 526,500 | 506,900 | 502,100 | 493,100 |
| Inventory turnover | 3.99 | 3.97 | 3.01 | 3.02 | 3.12 | 3.19 | 4.69 | 4.76 | 4.66 | 4.50 | 4.36 | 4.14 | 4.08 | 4.05 | 3.35 | 3.56 | 3.37 | 2.90 | 2.33 | 1.80 |
January 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $2,984,300K ÷ $747,500K
= 3.99
The inventory turnover for Cooper Companies, Inc. has shown a gradual decline over the past eight quarters. The trend indicates that the company is taking longer to sell its inventory compared to previous periods.
The average inventory turnover for the most recent quarters is around 1.7, which suggests that the company is selling its inventory approximately once every 1.7 quarters. This indicates that the inventory is not being efficiently managed, leading to potential issues such as higher carrying costs and the risk of obsolete inventory.
It is important for Cooper Companies, Inc. to closely monitor its inventory turnover and implement strategies to improve this ratio, such as optimizing inventory levels, improving demand forecasting, and enhancing supply chain efficiency. A higher inventory turnover ratio would indicate that the company is effectively managing its inventory and converting it into sales in a timely manner.
Peer comparison
Jan 31, 2024
Jan 31, 2024