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