Copart Inc (CPRT)

Return on assets (ROA)

		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
Net income (ttm)	US$ in thousands	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	591,693	547,945
Total assets	US$ in thousands	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	2,547,620	2,391,760
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%

January 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $1,356,378K ÷ $7,598,520K
= 17.85%

Copart, Inc.'s return on assets (ROA) has been relatively stable over the past eight quarters, ranging between 17.85% and 20.53%. The company has consistently generated strong returns based on its assets during this period. Although there was a slight decrease in ROA from Q1 2023 to Q1 2024, overall, the company has maintained a healthy performance in utilizing its assets to generate profits. This indicates efficient asset management and effective use of resources by Copart, Inc. The consistently high ROA suggests that the company has been able to effectively generate earnings relative to its total assets, reflecting positively on its operational efficiency and profitability.