The Cooper Companies Inc. (COO)

Total asset 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
Total assets US$ in thousands 12,032,600 11,658,900 11,697,300 11,539,500 11,561,100 11,492,300 11,552,100 11,778,000 11,662,500 9,606,200 9,610,600 9,013,800 8,921,900 6,737,500 6,748,400 6,510,000 6,548,500 6,274,500 6,172,800 6,203,400
Total asset turnover 0.30 0.30 0.29 0.29 0.28 0.28 0.27 0.26 0.26 0.30 0.29 0.29 0.27 0.36 0.36 0.38 0.40 0.42 0.42 0.42

January 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,557,200K ÷ $12,032,600K
= 0.30

The total asset turnover for Cooper Companies, Inc. has shown consistency over the previous quarters, ranging between 0.27 and 0.31. This ratio signifies the company's ability to generate sales revenue in relation to its total assets. With an average total asset turnover of approximately 0.29, it indicates that the company is generating $0.29 in sales for every dollar invested in total assets. The stability of this ratio suggests that Cooper Companies efficiently utilizes its assets to drive sales revenue, maintaining a steady performance in asset utilization over the recent quarters.


Peer comparison

Jan 31, 2024

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