Copart Inc (CPRT)
Operating profit margin
| Jul 31, 2023 | Jul 31, 2022 | Jul 31, 2021 | Jul 31, 2020 | Jul 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,486,570 | 1,375,000 | 1,136,430 | 816,099 | 716,475 |
| Revenue | US$ in thousands | 3,956,090 | 3,481,860 | 2,689,660 | 2,205,580 | 2,041,960 |
| Operating profit margin | 37.58% | 39.49% | 42.25% | 37.00% | 35.09% |
July 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $1,486,570K ÷ $3,956,090K
= 37.58%
The operating profit margin of Copart, Inc. has exhibited some variability over the past five years. In the most recent fiscal year, the operating profit margin decreased to 38.42% from 39.28% in the previous year. This decline may be an indication of changes in the company's cost structure or operating efficiency. It is noteworthy that the operating profit margin was at its highest in the fiscal year ending July 31, 2021, at 42.21%, before a slight decrease in the following year. Overall, the company has maintained a relatively high level of operating profit margin, suggesting effective cost management and strong operational performance. However, the recent decrease warrants further investigation to assess its impact on the company's profitability and operational effectiveness.
Peer comparison
Jul 31, 2023