The Cooper Companies Inc. (COO)

Return on equity (ROE)

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 stockholders’ equity US$ in thousands 7,695,100 7,550,800 7,528,300 7,377,800 7,335,500 7,174,500 7,082,900 7,013,600 6,925,900 6,941,800 6,785,200 6,162,600 5,989,700 3,824,600 3,760,200 3,627,300 3,730,700 3,628,400 3,615,500 3,542,200
ROE 3.78% 3.90% 3.66% 3.91% 5.11% 5.38% 6.08% 13.52% 13.56% 42.42% 42.97% 38.21% 37.55% 6.23% 7.40% 9.46% 12.17% 12.86% 12.34% 12.05%

January 31, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $290,800K ÷ $7,695,100K
= 3.78%

From the data provided on Cooper Companies, Inc.'s return on equity (ROE) over the past eight quarters, we observe a declining trend in the ROE. In Q1 2024, the ROE decreased to 3.78% compared to 3.90% in Q4 2023, continuing a trend of decreasing returns. The downward trend started in Q2 2023, where the ROE was at its peak at 13.52%.

This downward trend in ROE could indicate challenges in generating returns on shareholders' equity over the recent quarters. It may suggest that the company is facing difficulties in efficiently utilizing its equity to generate profits. Factors affecting ROE could include declining profitability, inefficient use of assets, increasing debt levels, or other operational challenges.

It would be essential for investors and stakeholders to further investigate the reasons behind this declining ROE trend to assess the company's financial performance and sustainability in the long term. Additional analysis of the income statement, balance sheet, and cash flow statement would provide further insights into the company's financial health and performance.


Peer comparison

Jan 31, 2024

Company name
Symbol
ROE
The Cooper Companies Inc.
COO
3.78%
National Vision Holdings Inc
EYE
-7.95%
STAAR Surgical Company
STAA
5.53%