The Cooper Companies, Inc. Common Stock (COO)
Operating return on assets (Operating ROA)
| Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 705,700 | 533,100 | 507,600 | 505,800 | 311,800 |
| Total assets | US$ in thousands | 12,315,200 | 11,658,900 | 11,492,300 | 9,606,200 | 6,737,500 |
| Operating ROA | 5.73% | 4.57% | 4.42% | 5.27% | 4.63% |
October 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $705,700K ÷ $12,315,200K
= 5.73%
The operating return on assets (operating ROA) for The Cooper Companies, Inc. Common Stock has shown a positive trend over the past five years. The operating ROA increased from 4.63% in 2020 to 5.73% in 2024, indicating an improvement in the company's ability to generate operating income from its assets.
Although there were fluctuations in the operating ROA over the years, the general upward trend suggests that the company has been effectively utilizing its assets to generate operating profits. This improvement in operating ROA signifies management efficiency in utilizing the company's resources to generate income, which is a positive indicator for investors and stakeholders.
Peer comparison
Oct 31, 2024