The Cooper Companies, Inc. Common Stock (COO)
Payables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 3,034,600 | 3,007,000 | 2,977,800 | 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 |
| Payables | US$ in thousands | 260,500 | 222,000 | 230,700 | 202,300 | 261,900 | 226,700 | 242,400 | 224,100 | 248,800 | 227,200 | 184,100 | 149,000 | 161,400 | 153,000 | 141,600 | 137,400 | 176,000 | 180,200 | 128,700 | 141,700 |
| 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 |
October 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $3,034,600K ÷ $260,500K
= 11.65
The payables turnover ratio for The Cooper Companies, Inc. Common Stock has exhibited fluctuations over the past several quarters. The ratio has ranged from 8.07 to 18.37, indicating variability in how quickly the company is paying off its suppliers and trade payables.
A higher payables turnover ratio suggests that the company is managing its payables effectively by either paying off its suppliers more quickly or renegotiating payment terms to its advantage. Conversely, a lower ratio may imply that the company is taking longer to settle its payables, which could potentially strain supplier relationships or result in missed discounts for prompt payments.
Overall, it is important for investors and analysts to track changes in the payables turnover ratio over time to assess the company's liquidity management practices and its relationships with suppliers.
Peer comparison
Oct 31, 2024