Copart Inc (CPRT)

Return on assets (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
Net income (ttm)	US$ in thousands	1,363,020	1,388,238	1,356,378	1,324,420	1,237,741	1,153,691	1,081,880	1,075,615	1,090,130	1,082,369	1,090,545	996,573	936,495	846,054	706,745	682,012	699,907	687,870	733,124	695,790
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
ROA		16.17%	17.33%	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%

July 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $1,363,020K ÷ $8,427,760K
= 16.17%

Based on the data provided, Copart Inc's return on assets (ROA) has shown a general positive trend over the past few years, with some minor fluctuations. The ROA indicates how efficiently the company is using its assets to generate profits.

Copart Inc's ROA ranged from 16.17% to 24.36% over the past 20 quarters, with the highest ROA being 24.36% in October 2019. The ROA has consistently remained above 16% during this period, reflecting the company's ability to generate earnings relative to its total assets.

The company's ROA peaked at 24.36% in October 2019, indicating strong asset utilization and profitability. Subsequently, the ROA showed some fluctuations but generally remained above 18%, suggesting that Copart Inc has maintained a strong performance in terms of asset efficiency and profitability.

Overall, the trend in Copart Inc's ROA suggests that the company has been effectively managing its assets to generate consistent profits over the analyzed period, although there have been some fluctuations in the performance.