Copart Inc (CPRT)
Pretax margin
| Jul 31, 2023 | Jul 31, 2022 | Jul 31, 2021 | Jul 31, 2020 | Jul 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 1,554,330 | 1,340,950 | 1,121,850 | 800,839 | 704,951 |
| Revenue | US$ in thousands | 3,956,090 | 3,481,860 | 2,689,660 | 2,205,580 | 2,041,960 |
| Pretax margin | 39.29% | 38.51% | 41.71% | 36.31% | 34.52% |
July 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $1,554,330K ÷ $3,956,090K
= 39.29%
The pretax margin of Copart, Inc. has shown a generally positive trend over the past five years. The company's pretax margin has increased from 34.52% in 2019 to 40.17% in 2023. This indicates that the company has been able to improve its profitability before accounting for taxes and other non-operating expenses.
The upward trend in pretax margin suggests that Copart, Inc. has been effective in controlling its operating costs and generating higher levels of income from its primary business activities. This may indicate strong pricing power, efficient cost management, or a focus on higher-margin business segments.
Overall, the consistent improvement in pretax margin reflects positively on the company's financial performance and operational efficiency over the past five years.
Peer comparison
Jul 31, 2023