Copart Inc (CPRT)

Number of days of payables

Jul 31, 2025 Jul 31, 2024 Jul 31, 2023 Jul 31, 2022 Jul 31, 2021
Payables turnover 4.30 12.05 11.85 10.12 8.27
Number of days of payables days 84.80 30.29 30.81 36.06 44.15

July 31, 2025 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 4.30
= 84.80

The data indicates a trend in the number of days of payables for Copart Inc. over a four-year period. As of July 31, 2021, the company’s payable period was approximately 44.15 days. This duration decreased significantly in subsequent years, dropping to 36.06 days by July 31, 2022, and further down to 30.81 days by July 31, 2023. The downward trend continued marginally into 2024, reaching approximately 30.29 days, suggesting that the company was paying its suppliers more promptly during this period. However, by July 31, 2025, there is a substantial increase in the payable period to 84.80 days, reflecting a significant extension in the time taken to settle payables. This abrupt rise could indicate a shift in payment strategies, liquidity challenges, or changes in supplier terms. Overall, the data presents a trajectory of decreasing days of payables from 2021 through 2024, followed by a notable increase in 2025.