Copart (Copart) Inventory Turnover

: 13.01 (As of Jan. 2024)

View and export this data going back to 1994. Start your Free Trial

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Copart's Cost of Goods Sold for the three months ended in Jan. 2024 was $556 Mil. Copart's Average Total Inventories for the quarter that ended in Jan. 2024 was $43 Mil. Copart's Inventory Turnover for the quarter that ended in Jan. 2024 was 13.01.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Copart's Days Inventory for the three months ended in Jan. 2024 was 7.01.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Copart's Inventory-to-Revenue for the quarter that ended in Jan. 2024 was 0.04.

Copart Inventory Turnover Historical Data

The historical data trend for Copart's Inventory Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Copart Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Inventory Turnover

60.71

58.40

41.49

36.52

43.18

Copart Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Inventory Turnover																10.01	11.09	12.71	13.47	13.01

Copart Inventory Turnover Calculation

Copart's Inventory Turnover for the fiscal year that ended in Jul. 2023 is calculated as

	Inventory Turnover (A: Jul. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jul. 2023 )	/ (	(Total Inventories (A: Jul. 2022 )	+	Total Inventories (A: Jul. 2023 ))	/	count )
=	2132.527	/ (	(58.791	+	39.973)	/	2 )
=	2132.527	/	49.382
=	43.18

Copart's Inventory Turnover for the quarter that ended in Jan. 2024 is calculated as

	Inventory Turnover (Q: Jan. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jan. 2024 )	/ (	(Total Inventories (Q: Oct. 2023 )	+	Total Inventories (Q: Jan. 2024 ))	/	count )
=	555.997	/ (	(42.631	+	42.812)	/	2 )
=	555.997	/	42.7215
=	13.01

Copart (NAS:CPRT) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Copart's Days Inventory for the three months ended in Jan. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jan. 2024 )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
	=	42.7215	/	555.997	*	365 / 4
	=	7.01

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Copart's Inventory to Revenue for the quarter that ended in Jan. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jan. 2024 )	/	Revenue (Q: Jan. 2024 )
	=	42.7215	/	1020.149
	=	0.04

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Copart Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Copart's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Copart (Copart) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Copart Inc (NAS:CPRT) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

CPRT:Mexico CO6:Germany CO6:Germany C1PR34:Brazil

Address

14185 Dallas Parkway, Suite 300, Dallas, TX, USA, 75254

Website

https://www.copart.com

Based in Dallas, Copart operates an online salvage vehicle auction with operations in 11 countries across North America, Europe, and the Middle East, facilitating over 3.5 million transactions annually. The company utilizes its virtual bidding platform, VB3, to connect vehicle sellers with over 750,000 registered buyers around the world. Buyers primarily consist of vehicle dismantlers, rebuilders, individuals and used vehicle retailers. About 80% of Copart's vehicle volume is supplied by auto insurance companies holding vehicles deemed a total loss. Copart also offers services such as vehicle transportation, storage, title transfer, and salvage value estimation. The company primarily operates on a consignment basis and collects fees based on the vehicle's final selling price.

Executives

Daniel J Englander	director	C/O AMERICA'S CARMART, 802 SOUTHEAST PLAZA AVE #200, BENTONVILLE AR 72712
Willis J Johnson	director, 10 percent owner, officer: Chairman of the Board
Stephen Fisher	director	C/O EBAY INC., 2065 HAMILTON AVENUE, SAN JOSE X1 95125
Matt Blunt	director	C/O COPART, INC., 4665 BUSINESS CENTER DRIVE, FAIRFIELD CA 94534
A Jayson Adair	director, officer: Chief Executive Officer
Steven D Cohan	director
James E Meeks	director
Thomas N Tryforos	director	323 RAILROAD AVE, GREENWICH CT 06830
Leah C Stearns	officer: Chief Financial Officer	C/O CBRE, 2100 MCKINNEY AVENUE, SUITE 1250, DALLAS TX 75201
Diane M Morefield	director	200 W. MADISON STREET, SUITE 1700, CHICAGO IL 60606
Carl Sparks	director	4315 NORTHAVEN ROAD, DALLAS TX 75229
Jeffrey Liaw	officer: Chief Financial Officer	301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
Cherylyn Harley Lebon	director	C/O COPART, INC., 14185 DALLAS PARKWAY, SUITE 300, DALLAS TX 75254
John F North	officer: Chief Financial Officer	150 N. BARTLETT STREET, MEDFORD OR 97501
William E Franklin	officer: Executive Vice President	3399 PEACHTREE RD NE STE 700, ATLANTA GA 30326