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.