Copart Inc (CPRT)

Operating 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
Operating income (ttm)	US$ in thousands	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	716,475	658,510
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
Operating profit margin		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%	35.09%	33.79%

January 31, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $1,584,817K ÷ $4,194,000K
= 37.79%

The operating profit margin of Copart, Inc. has displayed stability and consistency over the past eight quarters. The margin has remained relatively high, ranging between 37.42% and 40.16%. This indicates the company's ability to effectively control costs and generate profits from its core business operations. While there have been minor fluctuations quarter by quarter, the overall trend suggests a strong operational performance and efficiency in managing expenses. Maintaining a consistently high operating profit margin is a positive indicator of the company's financial health and sustainable profitability.