The Cooper Companies, Inc. Common Stock (COO)
Number of days of payables
| Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 11.65 | 11.16 | 12.35 | 16.32 | 13.14 | |
| Number of days of payables | days | 31.33 | 32.71 | 29.56 | 22.37 | 27.77 |
October 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.65
= 31.33
The number of days of payables for The Cooper Companies, Inc. Common Stock has fluctuated over the past five years. In the most recent fiscal year, ending October 31, 2024, the company took approximately 31.33 days, on average, to pay its suppliers. This figure indicates a slight improvement compared to the previous year when the number of days of payables was 32.71 days.
Looking back further, there was a notable increase in the number of days of payables in FY 2022, where the company took approximately 29.56 days to settle its payables, compared to 22.37 days in FY 2021. The highest number of days of payables observed in the given period was in FY 2020, with 27.77 days.
The trend in the number of days of payables indicates that The Cooper Companies, Inc. Common Stock has been managing its payment to suppliers effectively in recent years, with a minor increase in FY 2022 but a subsequent improvement in FY 2023 and FY 2024. This suggests that the company has been efficient in managing its working capital and maintaining its supplier relationships.
Peer comparison
Oct 31, 2024