Copart Inc (CPRT)
Days of sales outstanding (DSO)
| Jul 31, 2025 | Jul 31, 2024 | Jul 31, 2023 | Jul 31, 2022 | Jul 31, 2021 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 6.09 | 5.39 | 5.46 | 5.57 | 5.38 | |
| DSO | days | 59.96 | 67.70 | 66.84 | 65.52 | 67.87 |
July 31, 2025 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 6.09
= 59.96
The data indicates that Copart Inc.'s days of sales outstanding (DSO) have exhibited relatively minor fluctuations over the observed period from July 31, 2021, to July 31, 2025. Specifically, the DSO values are as follows:
- July 31, 2021: 67.87 days
- July 31, 2022: 65.52 days
- July 31, 2023: 66.84 days
- July 31, 2024: 67.70 days
- July 31, 2025: 59.96 days
Between July 2021 and July 2024, the DSO remained relatively stable, fluctuating within a narrow range of approximately 65.5 to 67.9 days. This suggests that the company's collection cycle from customers has been consistent during this period, with no significant deterioration or improvement in receivables collection efficiency.
A notable change occurs in July 2025, with the DSO decreasing to approximately 59.96 days, representing a reduction of nearly 8 days compared to the previous year. This decline could imply a more efficient receivables collection process, shorter credit terms, or improved customer payment practices.
Overall, the trend over the multi-year span indicates a generally stable accounts receivable collection cycle, with a marked improvement observed in the most recent year. The consistency over prior years and subsequent reduction in DSO may positively influence cash flow management and liquidity position, reflecting operational efficiencies in receivables management.