Copart Inc (CPRT)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 13.99 | — | — | — | 13.41 | — | — | — | 11.49 | — | — | — | 9.66 | — | — | — | 9.01 | — | — | — | |
| Number of days of payables | days | 26.10 | — | — | — | 27.23 | — | — | — | 31.76 | — | — | — | 37.77 | — | — | — | 40.50 | — | — | — |
July 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 13.99
= 26.10
The number of days of payables for Copart Inc has fluctuated over the past few quarters. As of July 31, 2024, the company had 26.10 days of payables outstanding, indicating that, on average, it takes Copart approximately 26 days to pay its suppliers. This is a decrease from the 27.23 days reported on July 31, 2023.
Overall, the trend in the number of days of payables suggests that Copart has been managing its payable efficiently, with a downward trend in recent quarters. However, it is important to consider the reasons behind these fluctuations and monitor future developments to assess the company's liquidity and supplier relationships effectively.
Peer comparison
Jul 31, 2024