Copart Inc (CPRT)

Total asset turnover

		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
Revenue (ttm)	US$ in thousands	4,255,687	4,318,170	4,194,000	4,111,004	3,955,141	3,787,204	3,682,543	3,573,966	3,480,629	3,362,071	3,155,086	2,904,141	2,688,209	2,466,243	2,284,539	2,243,897	2,205,583	2,222,499	2,225,255	2,135,013
Total assets	US$ in thousands	8,427,760	8,010,630	7,598,520	7,333,790	6,737,880	6,349,800	5,932,410	5,593,680	5,308,860	5,443,870	5,136,960	4,918,850	4,562,140	4,281,950	3,934,440	3,741,190	3,455,260	3,161,580	3,048,600	2,855,940
Total asset turnover		0.50	0.54	0.55	0.56	0.59	0.60	0.62	0.64	0.66	0.62	0.61	0.59	0.59	0.58	0.58	0.60	0.64	0.70	0.73	0.75

July 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $4,255,687K ÷ $8,427,760K
= 0.50

Based on the data provided, the total asset turnover for Copart Inc has shown a fluctuating trend over the past years. The total asset turnover ratio measures the efficiency of the company in generating sales from its total assets. A higher ratio indicates that the company is effectively using its assets to generate revenue.

From October 2019 to July 2020, the total asset turnover ratio increased steadily from 0.70 to 0.75, suggesting that the company was becoming more efficient in utilizing its assets to generate sales. However, from July 2020 to July 2022, there was a slight decline in the ratio, fluctuating between 0.62 and 0.66.

From July 2022 to Jul 2024, the total asset turnover ratio remained relatively stable, ranging from 0.50 to 0.55. This indicates that the company's ability to generate sales from its total assets has remained consistent during this period.

Overall, the total asset turnover ratio of Copart Inc has shown variability over the years, with fluctuations in efficiency in utilizing its assets to generate revenue. It is important for the company to continue monitoring and improving this ratio to ensure optimal utilization of its assets.