The Cooper Companies Inc. (COO)
Pretax margin
| Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | Oct 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 412,900 | 475,300 | 491,500 | 266,500 | 477,400 |
| Revenue | US$ in thousands | 3,487,900 | 3,229,100 | 2,893,900 | 2,392,900 | 2,575,500 |
| Pretax margin | 11.84% | 14.72% | 16.98% | 11.14% | 18.54% |
October 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $412,900K ÷ $3,487,900K
= 11.84%
The pretax margin of Cooper Companies, Inc. has shown variability over the past five years. In 2023, the pretax margin decreased to 11.49% from 14.37% in 2022, indicating a decline in the company's ability to generate profits before accounting for taxes. This decrease may raise concerns about the company's cost management or revenue generation. However, it is important to consider the industry and economic factors that may have contributed to this change. When compared to the pretax margin of 16.82% in 2021, and 17.99% in 2019, the recent pretax margin is notably lower, signifying a potential change in the company's profitability dynamics. Further analysis of the company's financial performance and operational efficiency would be necessary to understand the underlying factors driving this trend.
Peer comparison
Oct 31, 2023