Copart Inc (CPRT)

Fixed asset turnover

		Jul 31, 2024	Apr 30, 2024	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
Revenue (ttm)	US$ in thousands	4,255,687	4,318,170	4,194,000	4,111,004	3,955,141	3,787,204	3,682,543	3,573,966	3,480,629	3,362,071	3,155,086	2,904,141	2,688,209	2,466,243	2,284,539	2,243,897	2,205,583	2,222,499	2,225,255	2,135,013
Property, plant and equipment	US$ in thousands	3,175,840	3,073,090	3,042,710	2,943,540	2,844,340	2,710,930	2,656,270	2,582,480	2,485,760	2,402,810	2,376,010	2,318,700	2,296,620	2,227,530	2,175,350	2,072,060	1,941,720	1,838,300	1,789,330	1,545,710
Fixed asset turnover		1.34	1.41	1.38	1.40	1.39	1.40	1.39	1.38	1.40	1.40	1.33	1.25	1.17	1.11	1.05	1.08	1.14	1.21	1.24	1.38

July 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $4,255,687K ÷ $3,175,840K
= 1.34

Copart Inc's fixed asset turnover ratio has shown a relatively stable trend over the past several quarters, ranging between 1.05 to 1.41. The ratio measures how efficiently the company is generating revenue from its investment in fixed assets. A higher fixed asset turnover ratio indicates that the company is utilizing its fixed assets more efficiently to generate sales.

From this data, we can observe that Copart Inc's fixed asset turnover has been consistently above 1.0, which suggests that the company is effectively utilizing its fixed assets to generate revenue. The ratios have generally stayed within a narrow range, indicating a level of consistency in the company's operational efficiency in generating sales relative to its investment in fixed assets.

Overall, the trend in Copart Inc's fixed asset turnover ratio suggests that the company is effectively managing and leveraging its fixed assets to drive revenue generation.