The Cooper Companies, Inc. Common Stock (COO)
Return on assets (ROA)
| Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 392,300 | 294,200 | 385,800 | 2,944,700 | 238,400 |
| Total assets | US$ in thousands | 12,315,200 | 11,658,900 | 11,492,300 | 9,606,200 | 6,737,500 |
| ROA | 3.19% | 2.52% | 3.36% | 30.65% | 3.54% |
October 31, 2024 calculation
ROA = Net income ÷ Total assets
= $392,300K ÷ $12,315,200K
= 3.19%
The return on assets (ROA) for The Cooper Companies, Inc. Common Stock has displayed some fluctuation over the past five years. The ROA was at its highest in October 2021 at an exceptionally high level of 30.65%. This significant spike may have been influenced by certain exceptional factors or one-time events during that period. In the following year, the ROA dropped to 3.36%, indicating a return to more typical levels.
Subsequently, there was a slight decrease in ROA to 2.52% in October 2023 before showing an improvement to 3.19% in October 2024. Overall, the ROA has demonstrated stability in the range of 2-3% over the past four years, with the anomaly in October 2021 being an outlier.
A consistently positive ROA indicates efficient utilization of assets to generate profit, while fluctuations may point to changes in asset management efficiency or profitability levels. Further analysis of the company's financial performance and operational strategies would be necessary to better understand the factors driving these fluctuations in ROA.
Peer comparison
Oct 31, 2024