The Cooper Companies, Inc. Common Stock (COO)
Total asset 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 |
| Total assets | US$ in thousands | 12,315,200 | 11,658,900 | 11,492,300 | 9,606,200 | 6,737,500 |
| Total asset turnover | 0.32 | 0.30 | 0.28 | 0.30 | 0.36 |
October 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $3,895,400K ÷ $12,315,200K
= 0.32
The total asset turnover of The Cooper Companies, Inc. Common Stock has fluctuated over the past five years. The ratio indicates that, on average, the company generated $0.32 in revenue for every dollar of assets in 2024, representing an increase from the previous year. However, compared to 2020, where the total asset turnover was at its highest at 0.36, the efficiency of assets in generating revenue has decreased.
A total asset turnover ratio of less than 1 suggests that the company may not be effectively utilizing its assets to generate sales. This trend may signal inefficiencies in the company's operations, such as underutilization of assets or poor sales performance relative to the asset base. However, it is important to consider industry norms and benchmarks to fully evaluate the company's performance in this aspect.
Peer comparison
Oct 31, 2024