The Cooper Companies, Inc. Common Stock (COO)
Return on equity (ROE)
| Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 392,300 | 359,300 | 339,900 | 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 |
| Total stockholders’ equity | US$ in thousands | 8,083,400 | 7,925,000 | 7,803,700 | 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 |
| ROE | 4.85% | 4.53% | 4.36% | 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% |
October 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $392,300K ÷ $8,083,400K
= 4.85%
The return on equity (ROE) of The Cooper Companies, Inc. Common Stock has fluctuated over the past few years. The ROE for the most recent quarter, ending October 31, 2024, was 4.85%, showing a slight improvement compared to the ROE of 4.53% in the previous quarter. However, the ROE has generally been on a downward trend since the peak of 42.97% in July 2021.
The lower ROE figures in recent quarters may indicate challenges or inefficiencies in utilizing shareholder equity to generate profits. The ROE was notably higher in the fiscal year 2021 but has since declined. This suggests a potential decline in profitability or less effective utilization of equity which shareholders have invested in the company.
Further analysis of the underlying factors contributing to the ROE trends, such as profit margin, asset turnover, and financial leverage, would provide more insight into the company's financial performance and sustainability.
Peer comparison
Oct 31, 2024