Copart Inc (CPRT)
Receivables turnover
| Jul 31, 2025 | Jul 31, 2024 | Jul 31, 2023 | Jul 31, 2022 | Jul 31, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,646,960 | 4,236,820 | 3,869,520 | 3,500,920 | 2,692,510 |
| Receivables | US$ in thousands | 763,391 | 785,877 | 708,612 | 628,455 | 500,640 |
| Receivables turnover | 6.09 | 5.39 | 5.46 | 5.57 | 5.38 |
July 31, 2025 calculation
Receivables turnover = Revenue ÷ Receivables
= $4,646,960K ÷ $763,391K
= 6.09
The receivables turnover ratio for Copart Inc. over the specified period indicates a relatively stable efficiency in collecting accounts receivable. On July 31, 2021, the ratio stood at 5.38, reflecting the number of times receivables were collected during the year. This ratio experienced a slight increase by July 31, 2022, reaching 5.57, suggesting a marginal improvement in receivables collection efficiency.
In the subsequent year, July 31, 2023, the ratio decreased slightly to 5.46, indicating a minor slowdown in receivables turnover compared to the previous year. The trend continued with a slight decline to 5.39 by July 31, 2024, implying a modest reduction in collection efficiency.
By July 31, 2025, the receivables turnover rose notably to 6.09, representing a significant improvement relative to the prior years. This increase suggests that Copart Inc. managed to enhance its receivables collections during this period, potentially reflecting better credit management, improved billing procedures, or changes in customer payment behaviors.
Overall, the data shows a generally stable receivables turnover ratio with slight fluctuations over the analyzed years, culminating in a marked improvement in the most recent year. The trend indicates that the company has maintained effective receivables management, with an overall positive shift in collection efficiency by the end of the period.