The Cooper Companies, Inc. Common Stock (COO)
Working capital 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 current assets | US$ in thousands | 1,951,500 | 1,704,900 | 1,533,600 | 1,465,300 | 1,274,200 |
| Total current liabilities | US$ in thousands | 1,022,800 | 969,000 | 1,280,200 | 732,100 | 1,004,400 |
| Working capital turnover | 4.19 | 4.74 | 12.74 | 3.95 | 8.87 |
October 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $3,895,400K ÷ ($1,951,500K – $1,022,800K)
= 4.19
The working capital turnover ratio for The Cooper Companies, Inc. Common Stock has shown fluctuations over the past five years. In 2024, the ratio stands at 4.19, indicating that the company generated $4.19 in revenue for every dollar of working capital. This represents a decrease from the previous year's ratio of 4.74.
Comparing to 2022 and 2020, where the ratios were 12.74 and 8.87 respectively, the 2024 ratio appears relatively lower, suggesting a potential decrease in efficiency in utilizing working capital to generate revenue.
Overall, the working capital turnover ratio for The Cooper Companies, Inc. Common Stock has varied, and further analysis of the underlying reasons for these fluctuations would be necessary to provide a more comprehensive understanding of the company's financial performance.
Peer comparison
Oct 31, 2024