The Cooper Companies Inc. (COO)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 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 | 9.78 | 8.26 | 6.86 | |
| Number of days of payables | days | 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 | 37.30 | 44.20 | 53.23 |
January 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 14.75
= 24.74
The number of days of payables for Cooper Companies, Inc. has fluctuated over the past few quarters. In Q1 2024, the company had 59.40 days of payables, indicating that it takes approximately 59 days to pay its suppliers. This was a decrease from the previous quarter, where the number of days of payables was 77.38 days in Q4 2023.
Looking at the trend over the past year, the number of days of payables has varied between 59.40 days and 77.70 days. The lowest number of days of payables was in Q1 2024, while the highest was in Q4 2022. This fluctuation suggests that the company's payment terms with suppliers may be changing or that the company's ability to manage its payables effectively has improved.
Overall, the trend in the number of days of payables for Cooper Companies, Inc. indicates that the company has been able to effectively manage its payables over the recent quarters, with fluctuations possibly reflecting changes in the company's internal processes or external factors influencing payment terms.
Peer comparison
Jan 31, 2024