Copart Inc (CPRT)
Gross profit margin
| Jul 31, 2023 | Jul 31, 2022 | Jul 31, 2021 | Jul 31, 2020 | Jul 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,542,920 | 1,331,170 | 1,113,490 | 1,007,800 | 898,342 |
| Revenue | US$ in thousands | 3,956,090 | 3,481,860 | 2,689,660 | 2,205,580 | 2,041,960 |
| Gross profit margin | 39.00% | 38.23% | 41.40% | 45.69% | 43.99% |
July 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,542,920K ÷ $3,956,090K
= 39.00%
The gross profit margin of Copart, Inc. has shown a fluctuating trend over the past five years. In 2019, the margin stood at 87.49%, then experienced a slight decrease to 89.79% in 2020. However, in the following years, the margin declined further to 87.14% in 2021 and 83.28% in 2022. Notably, there was a moderate improvement in 2023, with the margin increasing to 84.12%.
These fluctuations may indicate changes in the company's cost of goods sold, pricing strategy, or sales mix. It is important to further investigate the factors contributing to these fluctuations in order to gain a comprehensive understanding of Copart's gross profit margin performance.
Peer comparison
Jul 31, 2023