Copart Inc (CPRT)

Payables turnover

		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	Jul 31, 2019	Apr 30, 2019
Cost of revenue (ttm)	US$ in thousands	2,508,291	2,457,641	2,413,272	2,358,992	2,323,421	2,252,404	2,150,887	2,036,436	1,874,961	1,713,551	1,577,605	1,389,984	1,289,965	1,244,539	1,197,781	1,222,509	1,216,299	1,177,720	1,143,615	1,104,457
Payables	US$ in thousands	—	—	180,016	—	—	—	187,170	—	—	—	163,237	—	—	—	132,919	—	—	—	113,947	—
Payables turnover		—	—	13.41	—	—	—	11.49	—	—	—	9.66	—	—	—	9.01	—	—	—	10.04	—

January 31, 2024 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $2,508,291K ÷ $—K
= —

Based on the available data for Copart, Inc., the payables turnover ratio for the fourth quarter of 2023 was 3.41 times. This indicates that during this period, Copart was able to turn over its accounts payable approximately 3.41 times. However, the lack of data for the other quarters makes it difficult to perform a trend analysis or make a direct comparison. A higher payables turnover ratio typically suggests that the company is effectively managing its accounts payable by paying suppliers more frequently or efficiently. Further analysis with additional data points would be necessary to assess the consistency and trend of Copart's payables turnover performance.