Copart Inc (CPRT)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 7,548,560 | 7,196,190 | 6,812,710 | 6,436,640 | 5,987,440 | 5,592,420 | 5,213,650 | 4,852,830 | 4,625,600 | 4,353,050 | 4,089,860 | 3,793,820 | 3,529,200 | 3,249,380 | 2,942,590 | 2,710,830 | 2,489,520 | 2,281,010 | 2,124,730 | 1,926,600 |
| ROE | 18.06% | 19.29% | 19.91% | 20.58% | 20.67% | 20.63% | 20.75% | 22.16% | 23.57% | 24.86% | 26.66% | 26.27% | 26.54% | 26.04% | 24.02% | 25.16% | 28.11% | 30.16% | 34.50% | 36.11% |
July 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $1,363,020K ÷ $7,548,560K
= 18.06%
The return on equity (ROE) of Copart Inc has shown a generally positive trend over the periods indicated in the table. ROE is a key metric used to evaluate the profitability and efficiency of a company in generating profits from shareholders' equity.
Copart Inc's ROE has ranged from 18.06% to 36.11% over the past 20 quarters. The company's performance peaked at 36.11% in the October 2019 quarter, indicating strong profitability relative to shareholders' equity. Subsequently, the ROE decreased but remained above 20% for most of the quarters.
The downward trend that began after October 2019 could be a point of interest for further analysis. Despite the gradual decline, the ROE figures for Copart Inc remained relatively high compared to the industry average, suggesting efficient management of shareholders' equity and profitability.
It is important to note that a high ROE indicates that the company is effectively using shareholders' equity to generate profits. However, investors should also consider other financial ratios and factors to gain a comprehensive understanding of the company's financial health and performance.
Peer comparison
Jul 31, 2024