Copart Inc (CPRT)
Total asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 4,646,970 | 4,590,870 | 4,506,410 | 4,363,240 | 4,236,830 | 4,165,421 | 4,059,991 | 3,996,565 | 3,869,517 | 3,755,314 | 3,673,425 | 3,584,161 | 3,500,921 | 3,366,163 | 3,160,132 | 2,909,703 | 2,692,511 | 2,469,540 | 2,285,990 | 2,244,099 |
| Total assets | US$ in thousands | 10,090,900 | 9,672,220 | 9,187,350 | 8,869,490 | 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 |
| Total asset turnover | 0.46 | 0.47 | 0.49 | 0.49 | 0.50 | 0.52 | 0.53 | 0.54 | 0.57 | 0.59 | 0.62 | 0.64 | 0.66 | 0.62 | 0.62 | 0.59 | 0.59 | 0.58 | 0.58 | 0.60 |
July 31, 2025 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $4,646,970K ÷ $10,090,900K
= 0.46
The total asset turnover ratio of Copart Inc demonstrates notable variability over the analyzed period from October 31, 2020, to July 31, 2025. Starting at 0.60 in October 2020, the ratio experienced a slight decline, fluctuating marginally around 0.58 to 0.62 through early 2022, indicating a relatively stable efficiency in utilizing assets to generate sales during that period.
Post-2022, there is a discernible declining trend. The ratio increased modestly to a peak of 0.66 in July 2022, suggesting a period of enhanced asset utilization efficiency. However, following this peak, the ratio steadily declined, reaching 0.54 as of October 2023, and continuing downward to approximately 0.46 by mid-2025.
This continuous decrease implies a reduction in how effectively the company converts its assets into sales over time. The trend indicates that Copart Inc has been experiencing diminishing asset efficiency in generating revenue, potentially reflecting strategic shifts, asset base expansion without commensurate sales growth, or operational factors affecting asset utilization.
Overall, the data suggests that while Copart Inc maintained relatively stable asset turnover in the earlier years, recent years have shown a declining trend, pointing to decreasing operational efficiency in asset utilization over the analyzed timeframe.