Copart Inc (CPRT)

The data indicates a notable trend in issued days of inventory on hand (DOH) for Copart Inc. As of July 31, 2021, the DOH was recorded at 12.16 days, which decreased to 11.33 days by July 31, 2022. This decline suggests a slight improvement in inventory turnover during this period. The downward trajectory becomes more pronounced in the subsequent years, with the DOH dropping significantly to 6.84 days by July 31, 2023, and remaining steady at this level through July 31, 2024. The continued reduction further decreases the DOH to 5.68 days by July 31, 2025.

The overall trend reflects a consistent and substantial reduction in the number of days inventory is held on hand over this period. This pattern points toward increased efficiency in inventory management, faster liquidation cycles, and potentially a higher rate of inventory turnover. The stabilization of the DOH at around 6.84 days between 2023 and 2024 suggests that the company achieved a balanced level of inventory holding, maintaining efficiency while avoiding over- or under-stocking. The further decline to 5.68 days in 2025 underscores ongoing improvements in operational efficiency and inventory management practices.