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