The Cooper Companies, Inc. Common Stock (COO)
Liquidity ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 1.91 | 1.99 | 1.95 | 1.86 | 1.76 | 1.72 | 1.69 | 1.72 | 1.20 | 1.16 | 1.05 | 1.02 | 2.00 | 1.39 | 1.33 | 1.35 | 1.27 | 1.17 | 1.14 | 1.08 |
| Quick ratio | 0.81 | 0.88 | 0.84 | 0.81 | 0.75 | 0.75 | 0.71 | 0.76 | 0.54 | 0.57 | 0.56 | 0.48 | 0.83 | 0.61 | 0.60 | 0.60 | 0.55 | 0.51 | 0.44 | 0.45 |
| Cash ratio | 0.11 | 0.11 | 0.12 | 0.14 | 0.12 | 0.12 | 0.12 | 0.13 | 0.11 | 0.18 | 0.24 | 0.17 | 0.13 | 0.11 | 0.11 | 0.12 | 0.12 | 0.11 | 0.08 | 0.07 |
The current ratio for The Cooper Companies, Inc. Common Stock has generally been above 1, indicating the company's ability to meet its short-term obligations with its current assets. The ratio has shown fluctuations but has remained relatively stable and healthy over the periods analyzed.
The quick ratio, which excludes inventory from current assets, has been lower than the current ratio but still above 0.5 for most periods. This suggests that the company may have some reliance on inventory to meet its short-term obligations, but overall, it has a reasonable level of liquidity to cover immediate liabilities.
The cash ratio, which provides the most conservative measure of liquidity by considering only cash and cash equivalents, has also been relatively stable and maintained above 0.1 for most periods. This indicates that the company holds a sufficient amount of cash to cover its short-term liabilities without relying heavily on other current assets.
Overall, based on the liquidity ratios analyzed, The Cooper Companies, Inc. Common Stock appears to have a strong liquidity position, with the ability to meet its short-term obligations comfortably across the periods reviewed.
Additional liquidity measure
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash conversion cycle | days | 132.92 | 139.62 | 135.66 | 133.48 | 122.96 | 151.12 | 141.10 | 141.97 | 132.09 | 111.92 | 115.82 | 122.52 | 123.79 | 131.05 | 134.46 | 136.95 | 128.44 | 144.21 | 133.13 | 135.60 |
The cash conversion cycle for The Cooper Companies, Inc. Common Stock has fluctuated over the past few years, indicating variations in the company's efficiency in managing its cash flows. The company's cash conversion cycle measures the time it takes for the company to convert its investments in inventory into cash flows from sales.
From the data provided, we can observe that the cash conversion cycle peaked at 151.12 days in July 2023, indicating a prolonged time for the company to convert its inventory into cash during that period. Subsequently, the cycle decreased to 111.92 days in July 2022, suggesting improved efficiency in managing inventory and cash flows.
Overall, the company's cash conversion cycle has shown some fluctuations, with periods of higher and lower efficiency. It is essential for the company to focus on optimizing its inventory management, accounts receivable, and accounts payable processes to minimize the cash conversion cycle duration and enhance its overall liquidity position.