Copart Inc (CPRT)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,552,449 | 1,478,662 | 1,454,344 | 1,392,579 | 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 |
| 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 |
| ROA | 15.38% | 15.29% | 15.83% | 15.70% | 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% |
July 31, 2025 calculation
ROA = Net income (ttm) ÷ Total assets
= $1,552,449K ÷ $10,090,900K
= 15.38%
The analysis of Copart Inc.'s return on assets (ROA) over the period from October 2020 to July 2025 reveals a general downward trend with moderate fluctuations. Initially, the ROA was relatively high at 18.23% in October 2020 and increased slightly to reach a peak of approximately 21.23% in January 2022. This indicates a period of improved efficiency in generating profits from the company’s assets, likely reflecting operational strengths and favorable market conditions during that interval.
Following the peak in early 2022, the ROA demonstrates a gradual decline, moving below 20% by October 2022, and further decreasing to approximately 15.38% by July 2025. Throughout this period, the ratio exhibits minor recoveries, such as 18.37% in July 2023 and slight increases in early 2025, but these are not sustained, and the overall trend remains downward.
The persistent decline in ROA suggests a gradual reduction in asset efficiency or profitability relative to the company's assets over the analyzed period. Factors that could contribute to this trend include increased asset base without proportional profit growth, changes in operating efficiency, or shifting market dynamics. The trend indicates that Copart's ability to generate profit from its assets has diminished somewhat over the course of nearly five years, which could warrant further analysis to ascertain underlying causes and implications for future performance.