The Cooper Companies, Inc. Common Stock (COO)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 8,083,400 | 7,550,800 | 7,174,500 | 6,941,800 | 3,824,600 |
| ROE | 4.85% | 3.90% | 5.38% | 42.42% | 6.23% |
October 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $392,300K ÷ $8,083,400K
= 4.85%
The return on equity (ROE) for The Cooper Companies, Inc. Common Stock has fluctuated over the past five years. In the year ending October 31, 2021, the ROE was notably high at 42.42%, indicating that the company generated significant profits relative to its shareholders' equity. However, this figure decreased substantially in the following years, reaching its lowest point at 3.90% in October 31, 2023.
The ROE then experienced a slight increase to 4.85% in October 31, 2024, yet it remains significantly below the levels seen in the earlier years. This decline in ROE may suggest a decrease in profitability relative to the shareholders' equity, which could be a concern for investors. Further analysis and investigation may be necessary to understand the factors driving this downward trend in ROE and to assess the company's overall financial performance and efficiency in utilizing its equity.
Peer comparison
Oct 31, 2024