Copart Inc (CPRT)
Days of sales outstanding (DSO)
| Jul 31, 2024 | Jul 31, 2023 | Jul 31, 2022 | Jul 31, 2021 | Jul 31, 2020 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 5.42 | 5.58 | 5.54 | 5.37 | 5.85 | |
| DSO | days | 67.38 | 65.38 | 65.88 | 67.94 | 62.38 |
July 31, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 5.42
= 67.38
Copart Inc's Days Sales Outstanding (DSO) has shown a fluctuating trend over the past five years. The DSO was 67.38 days as of July 31, 2024, compared to 65.38 days in 2023 and 65.88 days in 2022. This indicates that the company took slightly longer to collect its accounts receivable in 2024 compared to the previous two years.
However, it is worth noting that the DSO in 2024 is lower than the levels seen in 2021 and 2020, which were 67.94 days and 62.38 days, respectively. This suggests an improvement in the efficiency of accounts receivable collection compared to those years.
Overall, while the DSO for Copart Inc has shown some variability, the company appears to have managed its accounts receivable collection effectively in recent years, with a slight uptick in 2024 compared to the previous two years but still an improvement compared to 2021 and 2020.
Peer comparison
Jul 31, 2024