Copart Inc (CPRT)
Operating return on assets (Operating ROA)
| Jul 31, 2025 | Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 1,696,714 | 1,643,667 | 1,629,325 | 1,583,014 | 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 |
| Total assets | US$ in thousands | 10,090,900 | 9,672,220 | 9,187,350 | 8,869,490 | 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 |
| Operating ROA | 16.81% | 16.99% | 17.73% | 17.85% | 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% |
July 31, 2025 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $1,696,714K ÷ $10,090,900K
= 16.81%
The operating return on assets (Operating ROA) for Copart Inc. demonstrates a fluctuating yet generally declining trend over the analyzed period from October 31, 2020, to July 31, 2025. At the end of October 2020, the Operating ROA stood at approximately 22.97%. It experienced a steady increase through the subsequent quarters, reaching a peak of approximately 25.90% in July 2022. Following this peak, a gradual decline became evident, with the measure decreasing to approximately 17.73% as of January 2025.
This downward trend indicates that while Copart initially enhanced its efficiency in generating operating income relative to its assets during the early part of this period, there has been a consistent reduction in operating profitability relative to asset base in more recent times. The decline in Operating ROA might suggest increased asset utilization challenges, shifts in operational efficiency, or changes in the competitive environment affecting profitability margins.
From a broader perspective, the fluctuations between periods highlight variability in operational performance, but the overall trend reflects a diminishing ability to convert assets into operating income efficiently over the examined timeframe. This pattern warrants further analysis to determine underlying causes such as industry dynamics, strategic initiatives, or assetbase changes that could influence future operating performance.