The Cooper Companies Inc. (COO)
Operating return on assets (Operating ROA)
| Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | Oct 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 533,100 | 507,600 | 505,800 | 311,800 | 546,700 |
| Total assets | US$ in thousands | 11,658,900 | 11,492,300 | 9,606,200 | 6,737,500 | 6,274,500 |
| Operating ROA | 4.57% | 4.42% | 5.27% | 4.63% | 8.71% |
October 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $533,100K ÷ $11,658,900K
= 4.57%
The operating return on assets (operating ROA) of Cooper Companies, Inc. has fluctuated over the past five years. In 2019, the operating ROA was relatively high at 8.42%, indicating that the company generated significant operating income relative to its total assets. However, in the subsequent years, the operating ROA decreased, reaching its lowest point in 2022 at 4.42%. This decrease suggests that the company may have become less efficient in generating operating income from its assets.
The slight increase in 2023 to 4.57% indicates a slight improvement in the company's ability to generate operating income from its assets compared to the previous year, but it remains below the levels achieved in 2019 and 2021. This trend warrants further investigation into the company's operating efficiency, asset utilization, and profitability to identify any underlying factors contributing to the fluctuating operating ROA.
Peer comparison
Oct 31, 2023