Copart Inc (CPRT)
Fixed asset turnover
| Jul 31, 2025 | Jul 31, 2024 | Jul 31, 2023 | Jul 31, 2022 | Jul 31, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,646,960 | 4,236,820 | 3,869,520 | 3,500,920 | 2,692,510 |
| Property, plant and equipment | US$ in thousands | — | — | 2,922,600 | 2,602,070 | 2,416,110 |
| Fixed asset turnover | — | — | 1.32 | 1.35 | 1.11 |
July 31, 2025 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $4,646,960K ÷ $—K
= —
The fixed asset turnover ratio for Copart Inc. has demonstrated notable fluctuations over the specified period. As of July 31, 2021, the ratio stood at 1.11, indicating that for each dollar invested in fixed assets, the company generated approximately $1.11 in revenue. By July 31, 2022, the ratio increased to 1.35, reflecting an enhancement in asset utilization efficiency and suggesting the company was able to generate more revenue per dollar of fixed assets during that year. Moving to July 31, 2023, the ratio slightly declined to 1.32, which indicates a marginal reduction in the asset efficiency compared to the previous year, though the level remains relatively high. Data for subsequent years (July 31, 2024, and July 31, 2025) are not available, precluding further trend analysis. Overall, the pattern illustrates an improvement from 2021 to 2022, followed by a slight decrease in 2023, which could be associated with strategic changes, asset base adjustments, or operational factors affecting asset utilization efficiency.