Copart Inc (CPRT)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 40.19% | 40.22% | 38.98% | 37.71% | 36.91% | 36.98% | 38.20% | 39.43% | 40.57% | 41.00% | 41.31% | 43.64% | 43.53% | 44.54% | 45.69% | 44.99% | 45.34% | 44.84% | 43.99% | 43.32% |
| 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% |
| Pretax margin | 40.49% | 40.49% | 39.30% | 37.87% | 37.02% | 37.16% | 38.53% | 39.75% | 40.90% | 41.35% | 41.73% | 41.55% | 39.09% | 37.68% | 36.31% | 35.37% | 35.88% | 35.51% | 34.52% | 33.39% |
| Net profit margin | 32.34% | 32.22% | 31.29% | 30.46% | 29.38% | 30.10% | 31.32% | 32.19% | 34.56% | 34.32% | 34.84% | 34.31% | 30.94% | 30.39% | 31.73% | 30.95% | 32.95% | 32.59% | 28.98% | 28.12% |
Copart, Inc. has exhibited consistent profitability over the quarters based on the provided data. The gross profit margin has been steadily increasing from 82.98% in Q1 2023 to 85.14% in Q2 2024, indicating the company's ability to efficiently manage its cost of goods sold. The operating profit margin has also been relatively stable, fluctuating between 37.42% and 40.16% over the same period, showcasing effective cost management and operational efficiency.
Similarly, the pretax margin has shown a positive trend, starting at 37.06% in Q1 2023 and reaching 41.83% in Q2 2024. This suggests that Copart, Inc. has been successful in controlling its operating expenses and generating healthy profits before taxes. Moreover, the net profit margin has consistently improved from 29.45% in Q2 2023 to 33.41% in Q2 2024, indicating the company's ability to efficiently convert its revenue into net income.
Overall, Copart, Inc.'s profitability ratios demonstrate strong financial performance and efficiency in managing its costs and generating profits over the quarters analyzed.
Return on investment
| 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 return on assets (Operating ROA) | 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% | 28.12% | 27.53% |
| Return on assets (ROA) | 17.85% | 18.06% | 18.37% | 18.17% | 18.24% | 19.23% | 20.53% | 19.88% | 21.23% | 20.26% | 20.53% | 19.76% | 17.96% | 18.23% | 20.26% | 21.76% | 24.05% | 24.36% | 23.23% | 22.91% |
| Return on total capital | 23.26% | 24.40% | 24.78% | 25.30% | 26.36% | 27.94% | 29.71% | 28.42% | 29.09% | 28.98% | 28.94% | 28.56% | 30.97% | 31.83% | 28.45% | 35.33% | 38.49% | 40.38% | 40.75% | 41.41% |
| Return on equity (ROE) | 19.91% | 20.58% | 20.67% | 20.63% | 20.75% | 22.16% | 23.57% | 24.86% | 26.66% | 26.27% | 26.54% | 26.04% | 24.02% | 25.16% | 28.11% | 30.16% | 34.50% | 36.11% | 33.27% | 33.85% |
The profitability ratios of Copart, Inc. indicate a strong performance over the past quarters. The Operating Return on Assets (Operating ROA) has consistently been above 20%, showing the company's ability to generate operating profits relative to its total assets. This suggests efficient asset utilization and operational management.
The Return on Assets (ROA) has also been consistently high, ranging from 17.85% to 19.23%, indicating that the company is generating solid returns on its assets. This metric reflects the overall profitability of the company's assets without considering the impact of debt financing.
The Return on Total Capital has shown an increasing trend, with values ranging from 22.96% to 29.71%. This ratio takes into account both equity and debt financing, and the upward trend indicates that Copart is effectively generating returns for all capital invested in the business.
Lastly, the Return on Equity (ROE) has remained strong, ranging from 19.98% to 24.86%. This ratio measures the return generated on the shareholders' equity, indicating the company's ability to create value for its shareholders.
Overall, Copart, Inc. has demonstrated consistent profitability across these key ratios, showcasing strong operational efficiency and effective management of both asset and capital resources to drive returns for investors.