Copart Inc (CPRT)
Number of days of payables
| Jul 31, 2024 | Jul 31, 2023 | Jul 31, 2022 | Jul 31, 2021 | Jul 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 13.99 | 13.41 | 11.49 | 9.66 | 9.01 | |
| Number of days of payables | days | 26.09 | 27.23 | 31.77 | 37.80 | 40.50 |
July 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 13.99
= 26.09
The number of days of payables for Copart Inc has shown a decreasing trend over the past five years, indicating a more efficient management of payables. In the most recent fiscal year ending July 31, 2024, the company took around 26.09 days on average to pay its suppliers and vendors, which is lower compared to the previous years. This improvement suggests that Copart Inc has been able to negotiate better payment terms or streamline its payment processes.
A lower number of days of payables means the company is paying its suppliers more quickly, which can help maintain good relationships with vendors and potentially negotiate discounts for early payment. It also indicates effective working capital management, as the company is utilizing its cash flow more efficiently.
Overall, the decreasing trend in the number of days of payables for Copart Inc is a positive sign of its financial health and operational efficiency.
Peer comparison
Jul 31, 2024