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

Company name
Symbol
Inventory turnover
The Cooper Companies Inc.
COO
3.99
National Vision Holdings Inc
EYE
15.83
STAAR Surgical Company
STAA
0.99