Copart Inc (CPRT)
Operating profit margin
| Jul 31, 2024 | Jul 31, 2023 | Jul 31, 2022 | Jul 31, 2021 | Jul 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,572,020 | 1,486,570 | 1,375,000 | 1,136,430 | 816,099 |
| Revenue | US$ in thousands | 4,256,810 | 3,956,090 | 3,481,860 | 2,689,660 | 2,205,580 |
| Operating profit margin | 36.93% | 37.58% | 39.49% | 42.25% | 37.00% |
July 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $1,572,020K ÷ $4,256,810K
= 36.93%
The operating profit margin of Copart Inc has shown a fluctuating trend over the past five years, with values ranging from 36.93% to 42.25%. The highest operating profit margin was recorded in July 31, 2021, at 42.25%, indicating a strong ability to generate profit from its core business operations. However, in the subsequent years, the operating profit margin declined slightly, reaching 36.93% in July 31, 2024. This reduction may suggest changes in the company's cost structure, pricing strategy, or overall efficiency in managing operating expenses. Overall, while Copart Inc has demonstrated solid profitability levels, there may be opportunities to further enhance operating efficiency to maintain or improve its profitability margins in the future.
Peer comparison
Jul 31, 2024