Copart Inc (CPRT)
Return on assets (ROA)
| Jul 31, 2024 | Jul 31, 2023 | Jul 31, 2022 | Jul 31, 2021 | Jul 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,363,020 | 1,237,740 | 1,090,130 | 936,495 | 699,907 |
| Total assets | US$ in thousands | 8,427,760 | 6,737,880 | 5,308,860 | 4,562,140 | 3,455,260 |
| ROA | 16.17% | 18.37% | 20.53% | 20.53% | 20.26% |
July 31, 2024 calculation
ROA = Net income ÷ Total assets
= $1,363,020K ÷ $8,427,760K
= 16.17%
To analyze the return on assets (ROA) trend for Copart Inc over the past five years, we observe a gradual decline in the metric. In 2020, the ROA was at its peak at 20.26%, which then slightly decreased to 20.53% in 2021 and remained stable at the same level in 2022. However, there was a more significant drop in 2023 to 18.37% and a further decline to 16.17% in 2024.
This downward trend in ROA suggests a potential decrease in the company's ability to generate profits relative to its total assets over the years. It could indicate declining efficiency in asset utilization or falling profitability. Further investigation into the factors influencing this decline, such as changes in revenue, costs, or asset base, would be necessary to understand the underlying causes and implications for Copart Inc's financial performance.
Peer comparison
Jul 31, 2024