Copart Inc (CPRT)
Total asset 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 |
| Total assets | US$ in thousands | 10,090,900 | 8,427,760 | 6,737,880 | 5,308,860 | 4,562,140 |
| Total asset turnover | 0.46 | 0.50 | 0.57 | 0.66 | 0.59 |
July 31, 2025 calculation
Total asset turnover = Revenue ÷ Total assets
= $4,646,960K ÷ $10,090,900K
= 0.46
The total asset turnover ratio for Copart Inc. exhibits notable fluctuations over the analyzed period from July 31, 2021, to July 31, 2025. At the end of July 2021, the ratio was recorded at 0.59, indicating that the company generated approximately $0.59 in revenue for every dollar of total assets. This ratio increased significantly by July 31, 2022, reaching 0.66, reflecting improved efficiency in utilizing assets to generate sales.
However, subsequent data reveals a decline in the ratio over the following years: by July 31, 2023, it decreased to 0.57, and further dropped to 0.50 by July 31, 2024. The most recent measurement as of July 31, 2025, stands at 0.46, representing a continued downward trend.
This overall pattern indicates that while the company experienced a period of increased asset utilization efficiency from 2021 to 2022, there has been a progressive decline thereafter. The decreasing trend suggests that Copart Inc. may have been generating less revenue relative to its total assets in recent years, potentially pointing to lower operational efficiency or shifts in business strategies affecting asset productivity.