The Cooper Companies Inc. (COO)
Gross profit margin
| Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | Oct 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,357,900 | 2,139,600 | 1,955,800 | 1,534,800 | 1,756,800 |
| Revenue | US$ in thousands | 3,487,900 | 3,229,100 | 2,893,900 | 2,392,900 | 2,575,500 |
| Gross profit margin | 67.60% | 66.26% | 67.58% | 64.14% | 68.21% |
October 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,357,900K ÷ $3,487,900K
= 67.60%
The gross profit margin of Cooper Companies, Inc. has shown fluctuation over the past five years. In fiscal year 2023, the gross profit margin increased to 65.62% from 64.67% in fiscal year 2022. This improvement indicates that the company was able to control its production and distribution costs more effectively, resulting in a higher percentage of revenue retained after accounting for the cost of goods sold.
Despite the year-over-year increase in 2023, the gross profit margin was lower than the 66.92% reported in fiscal year 2021. This suggests that the company may have faced challenges in managing its production and direct costs during the year. Moreover, the 2023 gross profit margin was higher compared to fiscal years 2020 and 2019, indicating a positive trend in the company's ability to generate profits from its core business activities.
Overall, while the gross profit margin of Cooper Companies, Inc. experienced fluctuations, it remained relatively strong, reflecting the company's ability to maintain a competitive position in its industry and effectively manage its cost of goods sold.
Peer comparison
Oct 31, 2023