Copart Inc (CPRT)
Fixed asset turnover
| Jul 31, 2025 | Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 4,646,970 | 4,590,870 | 4,506,410 | 4,363,240 | 4,236,830 | 4,165,421 | 4,059,991 | 3,996,565 | 3,869,517 | 3,755,314 | 3,673,425 | 3,584,161 | 3,500,921 | 3,366,163 | 3,160,132 | 2,909,703 | 2,692,511 | 2,469,540 | 2,285,990 | 2,244,099 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | — | — | 3,065,230 | 2,922,600 | 2,710,930 | 2,656,270 | 2,695,010 | 2,602,070 | 2,523,820 | 2,496,320 | 2,441,960 | 2,416,110 | 2,227,530 | 2,175,350 | 2,072,060 |
| Fixed asset turnover | — | — | — | — | — | — | — | 1.30 | 1.32 | 1.39 | 1.38 | 1.33 | 1.35 | 1.33 | 1.27 | 1.19 | 1.11 | 1.11 | 1.05 | 1.08 |
July 31, 2025 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $4,646,970K ÷ $—K
= —
The fixed asset turnover ratio of Copart Inc demonstrates a generally positive trend over the observed period from October 31, 2020, through October 31, 2023. At the end of October 2020, the ratio stood at 1.08, indicating that for every dollar invested in fixed assets, the company generated approximately $1.08 in revenue. Over subsequent quarters, this ratio experienced incremental increases, reflecting an improved utilization of fixed assets to generate revenue.
By October 31, 2021, the ratio rose to 1.19, representing a notable improvement in asset efficiency. This upward trajectory continued through to October 31, 2022, reaching 1.33, and further to 1.39 by April 30, 2023. These escalations suggest that Copart has been increasingly effective at deploying its fixed assets to produce revenue, potentially indicative of operational efficiencies, better asset management, or growth in revenue relative to fixed asset investments.
However, the ratio experienced a slight decline afterward, decreasing from 1.39 in April 2023 to 1.32 in July 2023, and further to 1.30 by October 31, 2023. While still higher than the initial values from 2020, this slight reduction may imply a plateauing of asset utilization efficiency or a period of asset expansion that has not yet translated into higher revenue per fixed asset.
Overall, the trend depicts a period of improvement in fixed asset productivity over multiple quarters, with a peak around April 2023, followed by a modest decline. No data beyond October 2023 are available, leaving the subsequent trajectory unreported in this dataset.
Peer comparison
Jul 31, 2025