The Cooper Companies Inc. (COO)
Total asset 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 |
| Total assets | US$ in thousands | 11,658,900 | 11,492,300 | 9,606,200 | 6,737,500 | 6,274,500 |
| Total asset turnover | 0.30 | 0.28 | 0.30 | 0.36 | 0.41 |
October 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $3,487,900K ÷ $11,658,900K
= 0.30
The total asset turnover for Cooper Companies, Inc. has exhibited a declining trend over the past five years, decreasing from 0.42 in 2019 to 0.31 in 2023. This suggests that the company's ability to generate sales from its total assets has weakened over the period. A lower total asset turnover may indicate inefficiency in asset utilization or decreasing sales relative to the size of the asset base. It would be prudent for management to closely evaluate the company's asset management and sales strategies to improve this ratio and overall operational efficiency.
Peer comparison
Oct 31, 2023
Company name
Symbol
Total asset turnover
The Cooper Companies Inc.
COO
0.30
National Vision Holdings Inc
EYE
0.98
STAAR Surgical Company
STAA
0.66