The Cooper Companies Inc. (COO)
Return on total capital
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 519,900 | 518,200 | 480,700 | 469,500 | 552,300 | 532,600 | 564,000 | 529,200 | 497,200 | 514,600 | 488,400 | 460,900 | 340,200 | 303,300 | 346,100 | 417,700 | 542,500 | 545,500 | 537,700 | 507,200 |
| Long-term debt | US$ in thousands | 2,722,900 | 2,520,400 | 2,511,100 | 2,562,400 | 2,623,700 | 2,347,100 | 2,346,900 | 2,346,700 | 2,346,500 | 1,396,100 | 1,179,900 | 1,324,900 | 1,413,900 | 1,383,900 | 1,327,800 | 1,344,800 | 1,233,700 | 1,262,600 | 1,422,600 | 1,472,300 |
| 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 |
| Return on total capital | 4.99% | 5.15% | 4.79% | 4.72% | 5.55% | 5.59% | 5.98% | 5.65% | 5.36% | 6.17% | 6.13% | 6.16% | 4.60% | 5.82% | 6.80% | 8.40% | 10.93% | 11.15% | 10.67% | 10.11% |
January 31, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $519,900K ÷ ($2,722,900K + $7,695,100K)
= 4.99%
Cooper Companies, Inc.'s return on total capital has been relatively stable over the past eight quarters, ranging from 4.80% to 5.35%. The company's ability to generate returns on its total capital is consistent, with minor fluctuations quarter over quarter. This suggests that Cooper Companies is effectively utilizing its total capital to generate profits.
The return on total capital metric indicates the efficiency of the company in generating profits from its total invested capital, including both debt and equity. A return on total capital above the company's cost of capital indicates value creation for shareholders. Cooper Companies' consistent return on total capital signifies that the company is managing its total capital efficiently and may be considered a positive factor for investors assessing the company's financial health.
Peer comparison
Jan 31, 2024