Copart Inc (CPRT)

Return on equity (ROE)

		Jul 31, 2023	Jul 31, 2022	Jul 31, 2021	Jul 31, 2020	Jul 31, 2019
Net income	US$ in thousands	1,237,740	1,090,130	936,495	699,907	591,693
Total stockholders’ equity	US$ in thousands	5,987,440	4,625,600	3,529,200	2,489,520	1,778,380
ROE		20.67%	23.57%	26.54%	28.11%	33.27%

July 31, 2023 calculation

ROE = Net income ÷ Total stockholders’ equity
= $1,237,740K ÷ $5,987,440K
= 20.67%

Copart, Inc.'s return on equity (ROE) has displayed a declining trend over the past five years. The ROE decreased from 33.27% in 2019 to 20.67% in 2023. This decline suggests a reduction in the company's ability to generate profits from shareholders' equity. The decreasing trend in ROE could indicate inefficiencies in the utilization of the company's equity to generate profits, which may be a point of concern for investors and stakeholders. Further analysis of the company's financial statements and business operations would be essential to identify the factors contributing to this decreasing trend in ROE.