The Cooper Companies, Inc. Common Stock (COO)
Payables turnover
| Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 3,034,600 | 2,922,700 | 3,072,100 | 2,633,300 | 2,312,900 |
| Payables | US$ in thousands | 260,500 | 261,900 | 248,800 | 161,400 | 176,000 |
| Payables turnover | 11.65 | 11.16 | 12.35 | 16.32 | 13.14 |
October 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $3,034,600K ÷ $260,500K
= 11.65
The payables turnover ratio for The Cooper Companies, Inc. Common Stock shows a consistent trend over the past five years. In particular, the company's payables turnover has ranged from 11.16 to 16.32 times during this period. The highest turnover ratio was observed in October 31, 2021, at 16.32, indicating that the company was able to efficiently manage its accounts payable and convert them into cash more frequently compared to other years. However, there was a slight decrease in the payables turnover ratio in the following years.
Overall, the payables turnover ratio suggests that The Cooper Companies, Inc. Common Stock has been effectively managing its accounts payable, reflecting a healthy liquidity position and efficient use of working capital during the analyzed period. This steady performance in payables turnover may indicate strong relationships with suppliers, well-managed inventory levels, and effective cash flow management strategies by the company.
Peer comparison
Oct 31, 2024