The Cooper Companies, Inc. Common Stock (COO)
Receivables turnover
| Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,895,400 | 3,487,900 | 3,229,100 | 2,893,900 | 2,392,900 |
| Receivables | US$ in thousands | 717,000 | 609,700 | 557,800 | 515,300 | 435,400 |
| Receivables turnover | 5.43 | 5.72 | 5.79 | 5.62 | 5.50 |
October 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $3,895,400K ÷ $717,000K
= 5.43
The receivables turnover ratio for The Cooper Companies, Inc. Common Stock has shown a relatively stable trend over the past five years. The ratio has ranged from 5.43 in 2024 to 5.79 in 2022, indicating the company's ability to efficiently collect revenue from its credit sales. The slight fluctuations in the ratio suggest that the company has been effective in managing its accounts receivable turnover. Overall, a higher receivables turnover ratio signifies that the company is collecting its receivables more quickly, which is a positive indication of its liquidity and operational efficiency.
Peer comparison
Oct 31, 2024
Company name
Symbol
Receivables turnover
The Cooper Companies, Inc. Common Stock
COO
5.43
National Vision Holdings Inc
EYE
24.50
STAAR Surgical Company
STAA
3.32