The Cooper Companies Inc. (COO)
Payables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 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 | 1,468,700 | 1,168,500 | 886,000 |
| Payables | US$ in thousands | 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 | 150,100 | 141,500 | 129,200 |
| 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 |
January 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $2,984,300K ÷ $202,300K
= 14.75
The payables turnover for Cooper Companies, Inc. has fluctuated over the past eight quarters. The highest payables turnover ratio was observed in Q1 2024 at 6.14, indicating that the company converted its accounts payable into purchases or cash 6.14 times during the quarter. This could suggest efficient management of payables during that period.
On the other hand, the lowest payables turnover ratio was in Q4 2013 at 4.70, showing a lower frequency of payables turnover compared to other quarters. This might indicate a longer payment period or inefficiencies in managing payables during that quarter.
Overall, the payables turnover ratios range from 4.70 to 6.14, with some fluctuations, which could be due to various factors such as changes in payment terms with suppliers, purchasing policies, or seasonal variations in business activities. An upward trend in payables turnover ratios generally implies more efficient management of payables, while a downward trend may raise concerns about liquidity or operational effectiveness in managing accounts payable.
Peer comparison
Jan 31, 2024