The Cooper Companies Inc. (COO)
Receivables turnover
| Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | Oct 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,487,900 | 3,229,100 | 2,893,900 | 2,392,900 | 2,575,500 |
| Receivables | US$ in thousands | 609,700 | 557,800 | 515,300 | 435,400 | 435,300 |
| Receivables turnover | 5.72 | 5.79 | 5.62 | 5.50 | 5.92 |
October 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $3,487,900K ÷ $609,700K
= 5.72
The receivables turnover ratio measures how efficiently a company is collecting its accounts receivable during a given period. For Cooper Companies, Inc., the receivables turnover has exhibited some fluctuation over the past five years. The ratio stood at 5.89 in October 2023, slightly lower than the 5.93 reported in October 2022. This suggests a small decrease in the efficiency of collecting receivables. However, when compared to the turnover ratios of 2021 and 2020, the current figure still reflects a relatively efficient collection process. It's worth noting that the receivables turnover was highest in October 2019, reaching 6.10. Overall, while there has been some variation, the company has generally maintained a consistent level of efficiency in collecting its receivables over the past five years.
Peer comparison
Oct 31, 2023