The Cooper Companies, Inc. Common Stock (COO)
Inventory 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 3,034,600 | 3,007,000 | 2,977,800 | 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 |
| Inventory | US$ in thousands | 802,700 | 779,300 | 775,400 | 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 |
| Inventory turnover | 3.78 | 3.86 | 3.84 | 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 |
October 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $3,034,600K ÷ $802,700K
= 3.78
The inventory turnover ratio for The Cooper Companies, Inc. Common Stock has shown some fluctuations over the past few years. The ratio provides insights into how efficiently the company manages its inventory.
From October 2020 to October 2021, the inventory turnover increased steadily from 3.37 to 4.50, indicating a more efficient management of inventory during this period. However, from January 2021 to July 2023, the ratio fluctuated within a narrow range between 4.08 and 3.01, suggesting some challenges in inventory management during this time frame.
From October 2023 to January 2024, there was a slight improvement in inventory turnover, rising from 3.97 to 3.99. This indicates that the company was able to sell and replace its inventory more frequently during this period.
Overall, the inventory turnover ratio for The Cooper Companies, Inc. Common Stock has shown varying trends, with periods of improvement and slight fluctuations. Further analysis of the company's operational efficiency and demand forecasting practices may provide more insights into the reasons behind these fluctuations.
Peer comparison
Oct 31, 2024
Oct 31, 2024