Copart Inc (CPRT)

Operating profit margin

		Jul 31, 2024	Apr 30, 2024	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
Operating income (ttm)	US$ in thousands	1,572,023	1,603,096	1,584,817	1,570,442	1,486,569	1,420,745	1,374,576	1,356,379	1,374,997	1,351,704	1,307,060	1,217,953	1,136,426	1,040,641	907,631	859,302	816,099	803,186	815,579	770,426
Revenue (ttm)	US$ in thousands	4,255,687	4,318,170	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
Operating profit margin		36.94%	37.12%	37.79%	38.20%	37.59%	37.51%	37.33%	37.95%	39.50%	40.20%	41.43%	41.94%	42.27%	42.20%	39.73%	38.30%	37.00%	36.14%	36.65%	36.09%

July 31, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $1,572,023K ÷ $4,255,687K
= 36.94%

Copart Inc's operating profit margin has shown a general trend of fluctuation over the past several quarters. The operating profit margin has ranged from a low of 36.09% in October 2019 to a high of 42.27% in January 2022. Despite some variability, the operating profit margin has generally remained above 36% over the analyzed period, indicating strong profitability in the company's operations.

In recent quarters, the operating profit margin has shown a slight decline from the peak levels seen in early 2022. However, the latest operating profit margin of 36.94% as of July 2024 remains relatively healthy, reflecting the company's ability to generate profits from its core operations.

Overall, Copart Inc has maintained a solid operating profit margin performance, indicating efficiency in managing operating expenses relative to its revenue generation. It is essential for the company to continue monitoring and managing its expenses effectively to sustain and potentially improve its operating profit margin in the future.