The Cooper Companies, Inc. Common Stock (COO)
Total asset turnover
| Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,865,500 | 3,747,900 | 3,648,500 | 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 |
| Total assets | US$ in thousands | 12,315,200 | 12,108,000 | 12,047,400 | 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 |
| Total asset turnover | 0.31 | 0.31 | 0.30 | 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 |
October 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,865,500K ÷ $12,315,200K
= 0.31
The total asset turnover of The Cooper Companies, Inc. Common Stock has been relatively stable over the past few years, ranging between 0.26 and 0.40. The ratio indicates that, on average, the company generates revenue equal to approximately 26% to 40% of its total assets. A total asset turnover ratio of less than 1 typically suggests that the company is not efficiently utilizing its assets to generate sales. In this case, the company's turnover ratios fall within this range, indicating that it might not be generating sales as effectively as investors would like. It is important for the company to monitor and potentially improve this ratio to ensure optimal utilization of its assets.
Peer comparison
Oct 31, 2024