Copart Inc (CPRT)

Return on total capital

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
Earnings before interest and tax (EBIT) (ttm) US$ in thousands 1,572,023 1,603,096 1,584,817 1,570,442 1,486,569 1,420,745 1,374,576 1,356,379 1,374,997 1,351,704 1,307,060 1,217,953 1,136,426 1,041,711 911,203 862,970 821,069 805,956 817,806 778,017
Long-term debt US$ in thousands — — — — 11,006 22,368 1,946 1,969 1,996 402,733 403,829 408,940 397,636 397,633 — — 396,900 — — —
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
Return on total capital 20.83% 22.28% 23.26% 24.40% 24.78% 25.30% 26.36% 27.94% 29.71% 28.42% 29.09% 28.98% 28.94% 28.56% 30.97% 31.83% 28.45% 35.33% 38.49% 40.38%

July 31, 2024 calculation

Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $1,572,023K ÷ ($—K + $7,548,560K)
= 20.83%

The return on total capital for Copart Inc has shown a generally positive trend over the past few years, ranging from 20.83% to 40.38%. The company's ability to generate returns from its total invested capital has improved steadily, with some fluctuations in between. The highest return was recorded in October 2019 at 40.38%, and the lowest was in July 2020 at 20.83%.

Overall, the upward trend in return on total capital indicates the company's efficiency in utilizing its capital to generate profits. Investors and stakeholders may view this positively as it reflects Copart Inc's ability to generate returns for its shareholders and effectively manage its capital resources.