Copart Inc (CPRT)

Net profit margin

		Jul 31, 2023	Jul 31, 2022	Jul 31, 2021	Jul 31, 2020	Jul 31, 2019
Net income	US$ in thousands	1,237,740	1,090,130	936,495	699,907	591,693
Revenue	US$ in thousands	3,956,090	3,481,860	2,689,660	2,205,580	2,041,960
Net profit margin		31.29%	31.31%	34.82%	31.73%	28.98%

July 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $1,237,740K ÷ $3,956,090K
= 31.29%

Based on the net profit margin data provided for Copart, Inc., you can observe the following trends:

1. Consistent Profitability: Copart, Inc. has maintained a consistently high net profit margin over the last five years. This indicates the company's ability to generate significant profits relative to its revenue.

2. Marginal Variation: While there have been minor fluctuations in the net profit margin over the years, the changes have been relatively small. The margins have generally remained within the range of 28.98% to 34.78%, showcasing the company's ability to sustain its profitability.

3. Industry Comparison: Comparing the net profit margin to industry benchmarks would provide additional insight into Copart's competitive position. If the company's net profit margin is higher than industry averages, it suggests that Copart is effectively controlling costs and managing its operations efficiently.

4. Profitability Drivers: Analyzing the company's financial reports and management discussions could reveal the factors driving the net profit margin. This could include cost control measures, revenue growth strategies, and operational efficiencies.

In conclusion, Copart, Inc. has demonstrated a commendable performance in maintaining a consistently high net profit margin, reflecting its strong profitability and effective management of resources over the years. Further analysis of industry benchmarks and profitability drivers would provide a more comprehensive understanding of the company's financial performance.