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