The Cooper Companies, Inc. Common Stock (COO)
Working capital 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 current assets | US$ in thousands | 1,951,500 | 1,926,700 | 1,859,000 | 1,793,900 | 1,704,900 | 1,711,000 | 1,599,300 | 1,577,500 | 1,533,600 | 1,597,700 | 1,738,200 | 1,698,100 | 1,465,300 | 1,474,600 | 1,322,600 | 1,297,400 | 1,274,200 | 1,321,300 | 1,166,200 | 1,149,900 |
| Total current liabilities | US$ in thousands | 1,022,800 | 969,500 | 952,500 | 964,900 | 969,000 | 993,600 | 949,100 | 915,800 | 1,280,200 | 1,375,700 | 1,648,400 | 1,664,400 | 732,100 | 1,063,200 | 992,700 | 961,300 | 1,004,400 | 1,128,700 | 1,025,300 | 1,068,500 |
| Working capital turnover | 4.16 | 3.92 | 4.02 | 4.29 | 4.74 | 4.73 | 5.10 | 4.96 | 12.74 | 14.30 | 34.59 | 89.03 | 3.95 | 6.87 | 8.01 | 7.26 | 8.90 | 12.52 | 17.75 | 32.47 |
October 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $3,865,500K ÷ ($1,951,500K – $1,022,800K)
= 4.16
The working capital turnover ratio for The Cooper Companies, Inc. Common Stock has varied over the period provided. It indicates how efficiently the company is using its working capital to generate sales revenue. A higher working capital turnover ratio generally implies that the company is effectively managing its working capital to support sales activities.
The trend shows fluctuations in the ratio, with some periods demonstrating a higher efficiency in utilizing working capital to generate sales revenue. Particularly, in the recent quarters, the ratio has been relatively high, indicating that the company has been successful in optimizing its working capital to support its sales operations.
However, there are instances of exceptionally high ratios, such as in January 2022 and October 2022, where the working capital turnover was significantly elevated. This could be a reflection of specific business conditions or financial activities during those periods that led to such outliers.
Overall, the company's working capital turnover ratio has shown variability over time, but the recent trend suggests that The Cooper Companies, Inc. has been efficient in utilizing its working capital to generate sales revenue, reflecting effective management of its liquidity and operational activities.
Peer comparison
Oct 31, 2024