Copart Inc (CPRT)

Net 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
Net income (ttm)	US$ in thousands	1,356,378	1,324,420	1,237,741	1,153,691	1,081,880	1,075,615	1,090,130	1,082,369	1,090,545	996,573	936,495	846,054	706,745	682,012	699,907	687,870	733,124	695,790	591,693	547,945
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
Net profit margin		32.34%	32.22%	31.29%	30.46%	29.38%	30.10%	31.32%	32.19%	34.56%	34.32%	34.84%	34.31%	30.94%	30.39%	31.73%	30.95%	32.95%	32.59%	28.98%	28.12%

January 31, 2024 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $1,356,378K ÷ $4,194,000K
= 32.34%

The net profit margin of Copart, Inc. has shown a generally positive trend over the previous quarters, with a gradual increase from 29.45% in Q2 2023 to 33.41% in Q2 2024. This indicates that the company has been able to effectively control its costs and expenses in relation to its revenue generation. The consistency in maintaining a net profit margin above 30% reflects Copart's ability to efficiently convert its revenue into profit, a sign of strong operational performance. The recent uptick in Q2 2024 suggests further improvement in profitability, which may be attributed to better cost management strategies or revenue growth. Overall, Copart's net profit margin demonstrates stability and strength in its financial performance.