Copart Inc (CPRT)
Gross profit margin
| Jul 31, 2024 | Jul 31, 2023 | Jul 31, 2022 | Jul 31, 2021 | Jul 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,552,500 | 1,542,920 | 1,331,170 | 1,113,490 | 1,007,800 |
| Revenue | US$ in thousands | 4,256,810 | 3,956,090 | 3,481,860 | 2,689,660 | 2,205,580 |
| Gross profit margin | 36.47% | 39.00% | 38.23% | 41.40% | 45.69% |
July 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,552,500K ÷ $4,256,810K
= 36.47%
The gross profit margin of Copart Inc has exhibited a decreasing trend over the past five years. The margin decreased from 45.69% in July 2020 to 36.47% in July 2024. This suggests that the company's profitability on sales has been declining during this period. A lower gross profit margin may indicate increased costs of goods sold relative to revenue, which could be due to various factors such as pricing pressures, higher production costs, or inefficiencies in operations. It is important for the company to closely monitor and address the factors contributing to this decline to improve its profitability and operational efficiency in the future.
Peer comparison
Jul 31, 2024