The Cooper Companies, Inc. Common Stock (COO)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 11.65 | 13.55 | 12.91 | 14.75 | 11.16 | 9.60 | 8.71 | 9.17 | 8.07 | 12.82 | 15.61 | 18.37 | 16.31 | 16.75 | 17.01 | 16.93 | 13.14 | 11.05 | 15.72 | 12.51 | |
| Number of days of payables | days | 31.33 | 26.95 | 28.28 | 24.74 | 32.71 | 38.01 | 41.88 | 39.79 | 45.22 | 28.47 | 23.38 | 19.87 | 22.37 | 21.80 | 21.46 | 21.56 | 27.77 | 33.03 | 23.22 | 29.19 |
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 few years, ranging from a low of 19.87 days to a high of 45.22 days. This ratio indicates the average number of days a company takes to pay off its accounts payable.
Analyzing the trend, we observe that there is some variability in the number of days of payables, with no clear increasing or decreasing pattern. However, it is worth noting that the number of days of payables appears to have slightly decreased from the high of 45.22 days in Oct 31, 2022 to the low of 19.87 days in Jan 31, 2022, which could imply a more efficient management of accounts payable during that period.
Overall, a stable and reasonable number of days of payables can indicate effective working capital management, ensuring that the company meets its obligations without unnecessarily tying up cash. It is important to monitor changes in this ratio over time as it can provide insights into the company's payment practices and financial health.
Peer comparison
Oct 31, 2024