The Cooper Companies, Inc. Common Stock (COO)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,865,500 | 3,747,900 | 3,648,500 | 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 |
| Receivables | US$ in thousands | 717,000 | 739,000 | 688,700 | 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 |
| Receivables turnover | 5.39 | 5.07 | 5.30 | 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 |
October 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $3,865,500K ÷ $717,000K
= 5.39
The receivables turnover of The Cooper Companies, Inc. Common Stock has shown a relatively consistent trend over the past several periods, ranging from 5.07 to 6.78. Receivables turnover measures how efficiently a company is able to collect cash from its customers. A higher turnover ratio indicates that the company is collecting receivables more quickly.
The highest receivables turnover was observed in the April 30, 2020 period at 6.78, which suggests that the company was efficient in collecting cash from customers during that quarter. On the other hand, the lowest turnover was in the Jul 31, 2024 period at 5.07, which may indicate a slightly slower collection of receivables in that quarter.
Overall, the average receivables turnover ratio for the periods analyzed is approximately 5.61, indicating that, on average, The Cooper Companies, Inc. is collecting its accounts receivable approximately 5.61 times a year. This suggests that the company has a solid level of efficiency in managing its accounts receivable and cash flow from customers.
Peer comparison
Oct 31, 2024