Copart Inc (CPRT)

Gross profit margin

		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	Jul 31, 2019	Apr 30, 2019
Gross profit (ttm)	US$ in thousands	1,685,714	1,653,363	1,541,868	1,428,211	1,359,122	1,321,562	1,329,742	1,325,635	1,280,125	1,190,590	1,110,604	1,076,259	994,574	999,358	1,007,802	999,990	1,008,956	957,293	898,342	844,148
Revenue (ttm)	US$ in thousands	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	2,041,957	1,948,605
Gross profit margin		40.19%	40.22%	38.98%	37.71%	36.91%	36.98%	38.20%	39.43%	40.57%	41.00%	41.31%	43.64%	43.53%	44.54%	45.69%	44.99%	45.34%	44.84%	43.99%	43.32%

January 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,685,714K ÷ $4,194,000K
= 40.19%

The gross profit margin of Copart, Inc. has been relatively stable and consistently high over the past eight quarters, ranging from 82.98% to 85.14%. This indicates that the company effectively controls its cost of goods sold and maintains a strong pricing strategy. The increasing trend in gross profit margins over the quarters suggests that Copart is efficiently managing its production costs and generating higher profits on each dollar of sales. Overall, the consistently high gross profit margins reflect Copart's strong competitive position and operational efficiency in its industry.