The Cooper Companies Inc. (COO)
Return on equity (ROE)
| Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | Oct 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 294,200 | 385,800 | 2,944,700 | 238,400 | 466,700 |
| Total stockholders’ equity | US$ in thousands | 7,550,800 | 7,174,500 | 6,941,800 | 3,824,600 | 3,628,400 |
| ROE | 3.90% | 5.38% | 42.42% | 6.23% | 12.86% |
October 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $294,200K ÷ $7,550,800K
= 3.90%
The return on equity (ROE) for Cooper Companies, Inc. has fluctuated over the past five years, ranging from 3.90% to 42.42%. In 2023, the ROE decreased to 3.90% from 5.38% in 2022, indicating a decline in the company's ability to generate profits from shareholders' equity. This downtrend suggests a potential decrease in the company's efficiency in utilizing equity to generate profits for shareholders. The significant decrease from 42.42% in 2021 to 3.90% in 2023 warrants further investigation into the factors impacting the company's profitability and efficiency. The company's ROE performance appears inconsistent and may warrant a deeper analysis of the company's financial and operational strategies to understand the fluctuations in profitability and shareholder value creation over the years.
Peer comparison
Oct 31, 2023