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

Company name
Symbol
Receivables turnover
The Cooper Companies Inc.
COO
5.46
National Vision Holdings Inc
EYE
24.49
STAAR Surgical Company
STAA
3.32