Copart Inc (CPRT)

Number of days of payables

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
Payables turnover 4.30 4.40 4.42 4.14 12.05 4.47 4.63 4.37 11.85 4.74 4.69 4.46 10.12 4.48 4.44 3.59 8.27 3.43 3.67 3.32
Number of days of payables days 84.80 82.96 82.56 88.25 30.29 81.74 78.80 83.49 30.81 76.94 77.85 81.84 36.06 81.51 82.19 101.54 44.15 106.30 99.52 109.96

July 31, 2025 calculation

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

The data indicates that the number of days of payables for Copart Inc. has exhibited cyclical fluctuations over the analyzed period from October 2020 to July 2025. Initially, the figure was approximately 109.96 days in October 2020, reflecting a relatively extended period to settle accounts payable. Subsequently, there was a notable decline, reaching a low of around 30.29 days in July 2024, suggesting a period of more prompt payment strategies.

Throughout 2021 and into early 2022, the payable days fluctuated within a range of approximately 44 to 106 days, with the shortest periods observed in mid-2022. This decrease might indicate efforts to streamline payment processes or changes in supplier relationships. After reaching these lows, the payable days generally increased again, reaching around 83.49 days in October 2023, and maintaining a relatively stable range with slight upwards and downwards movements through early 2025.

Overall, the trend reflects a pattern of periodic reduction in days payable, potentially implying improvements in cash management or supplier negotiations, interspersed with periods of longer payable durations. The subsequent increases could correspond to strategic credit extensions or liquidity considerations. The data demonstrates that Copart Inc. maintains a variable but generally moderate accounts payable period, aligning with typical liquidity management practices within the industry.