Copart Inc (CPRT)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 7,548,560 | 5,987,440 | 4,625,600 | 3,529,200 | 2,489,520 |
| ROE | 18.06% | 20.67% | 23.57% | 26.54% | 28.11% |
July 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $1,363,020K ÷ $7,548,560K
= 18.06%
Copart Inc's return on equity (ROE) has shown a declining trend over the past five years. The ROE decreased from 28.11% in July 2020 to 18.06% in July 2024. This downward trend indicates that the company's ability to generate profit from its shareholders' equity has weakened over the period.
The decreasing ROE could be attributed to various factors such as a decrease in net income, an increase in shareholders' equity, or a combination of both. It is important for stakeholders to further investigate the reasons behind the declining ROE to assess the company's operational efficiency and financial performance.
Peer comparison
Jul 31, 2024