Copart Inc (CPRT)
Operating return on assets (Operating ROA)
| 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 |
| Total assets | US$ in thousands | 8,427,760 | 8,010,630 | 7,598,520 | 7,333,790 | 6,737,880 | 6,349,800 | 5,932,410 | 5,593,680 | 5,308,860 | 5,443,870 | 5,136,960 | 4,918,850 | 4,562,140 | 4,281,950 | 3,934,440 | 3,741,190 | 3,455,260 | 3,161,580 | 3,048,600 | 2,855,940 |
| Operating ROA | 18.65% | 20.01% | 20.86% | 21.41% | 22.06% | 22.37% | 23.17% | 24.25% | 25.90% | 24.83% | 25.44% | 24.76% | 24.91% | 24.30% | 23.07% | 22.97% | 23.62% | 25.40% | 26.75% | 26.98% |
July 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $1,572,023K ÷ $8,427,760K
= 18.65%
Copart Inc's operating return on assets (operating ROA) has shown a fluctuating trend over the past several quarters. The ratio ranged from a high of 26.98% in October 2019 to a low of 18.65% in July 2024. Overall, the operating ROA has generally been healthy and above 20% in most periods, indicating that the company has been efficient in generating operating income relative to its total assets.
The decreasing trend in the operating ROA from a peak of 26.98% in October 2019 to 18.65% in July 2024 may suggest a possible decline in the company's operational efficiency or profitability metrics. Investors and stakeholders should closely monitor this trend to understand the underlying factors driving the changes in the operating ROA and assess the company's operational performance.
It is important to conduct further analysis, including examining Copart Inc's financial statements, operational strategies, and industry dynamics, to gain a deeper understanding of the factors influencing the company's operating return on assets.
Peer comparison
Jul 31, 2024