The Cooper Companies Inc. (COO)

Return on assets (ROA)

Jan 31, 2024 Oct 31, 2023 Jul 31, 2023 Apr 30, 2023 Jan 31, 2023 Oct 31, 2022 Jul 31, 2022 Apr 30, 2022 Jan 31, 2022 Oct 31, 2021 Jul 31, 2021 Apr 30, 2021 Jan 31, 2021 Oct 31, 2020 Jul 31, 2020 Apr 30, 2020 Jan 31, 2020 Oct 31, 2019 Jul 31, 2019 Apr 30, 2019
Net income (ttm) US$ in thousands 290,800 294,200 275,300 288,400 375,200 385,900 430,600 948,000 938,900 2,944,700 2,915,600 2,355,000 2,249,000 238,400 278,200 343,100 454,000 466,700 446,300 427,000
Total assets US$ in thousands 12,032,600 11,658,900 11,697,300 11,539,500 11,561,100 11,492,300 11,552,100 11,778,000 11,662,500 9,606,200 9,610,600 9,013,800 8,921,900 6,737,500 6,748,400 6,510,000 6,548,500 6,274,500 6,172,800 6,203,400
ROA 2.42% 2.52% 2.35% 2.50% 3.25% 3.36% 3.73% 8.05% 8.05% 30.65% 30.34% 26.13% 25.21% 3.54% 4.12% 5.27% 6.93% 7.44% 7.23% 6.88%

January 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $290,800K ÷ $12,032,600K
= 2.42%

The return on assets (ROA) for Cooper Companies, Inc. has shown some fluctuations over the past eight quarters. In Q1 2024, the ROA stood at 2.42%, slightly lower than the 2.52% recorded in Q4 2023. Prior to that, there was a slight increase from 2.35% in Q3 2023 to 2.50% in Q2 2023.

The ROA saw a more significant decline from 3.24% in Q1 2023 to 3.36% in Q4 2022, followed by a notable decrease to 3.73% in Q3 2022. The most significant drop occurred from Q3 2022 to Q2 2022, where the ROA plummeted from 3.73% to 8.05%.

Overall, the ROA trend for Cooper Companies, Inc. indicates some variability in the company's ability to generate profits relative to its total assets. It would be important to further investigate the reasons behind these fluctuations to assess the company's operational efficiency and profitability sustainability.


Peer comparison

Jan 31, 2024

Company name
Symbol
ROA
The Cooper Companies Inc.
COO
2.42%
National Vision Holdings Inc
EYE
-3.03%
STAAR Surgical Company
STAA
4.37%