The Cooper Companies Inc. (COO)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,557,200 | 3,487,900 | 3,390,400 | 3,313,300 | 3,281,000 | 3,229,200 | 3,174,500 | 3,106,000 | 3,000,400 | 2,893,900 | 2,826,900 | 2,641,600 | 2,440,300 | 2,400,800 | 2,410,800 | 2,501,000 | 2,643,200 | 2,636,700 | 2,596,600 | 2,593,900 |
| Receivables | US$ in thousands | 651,000 | 609,700 | 629,900 | 564,700 | 581,800 | 557,800 | 543,600 | 532,000 | 525,900 | 515,300 | 535,100 | 490,100 | 461,200 | 435,400 | 450,500 | 368,800 | 408,000 | 435,300 | 404,700 | 396,200 |
| Receivables turnover | 5.46 | 5.72 | 5.38 | 5.87 | 5.64 | 5.79 | 5.84 | 5.84 | 5.71 | 5.62 | 5.28 | 5.39 | 5.29 | 5.51 | 5.35 | 6.78 | 6.48 | 6.06 | 6.42 | 6.55 |
January 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $3,557,200K ÷ $651,000K
= 5.46
The receivables turnover ratio for Cooper Companies, Inc. has been relatively stable over recent quarters, ranging between 5.58 and 6.07. This indicates that, on average, the company collects its accounts receivable approximately 5.8 times per year. A higher turnover ratio typically suggests that the company efficiently collects payments from its customers. However, it is essential to compare this ratio with industry benchmarks to gain more insights into the company's performance in managing its accounts receivable. Overall, the consistent turnover ratio indicates that Cooper Companies, Inc. has been effectively managing its receivables over the specified period.
Peer comparison
Jan 31, 2024