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Copart Inc (NAS:CPRT)
Selling, General, & Admin. Expense
$136 Mil (TTM As of Apr. 2016)

Selling, general, & admin. expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. Copart Inc's selling, general, & admin. expense for the three months ended in Apr. 2016 was $32 Mil. Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Apr. 2016 was $136 Mil.


Definition

Selling, General, & Admin. Expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. For instance, personnel cost, advertising, rent, communication costs are all part of SGA.

Copart Inc Selling, General, & Admin. Expense for the trailing twelve months (TTM) ended in Apr. 2016 was 40.665 (Jul. 2015 ) + 34.615 (Oct. 2015 ) + 29.086 (Jan. 2016 ) + 31.68 (Apr. 2016 ) = $136 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Explanation

An efficient operation keeps SGA costs low and thus has higher profit margin. The percentage of SGA relative to total revenue is an indication of how efficiently the company operates. Compare this percentage among the companies in the same industry is a good way of finding more efficient operations. A comparison of the SGA cost relative to the revenue with the historical value can also be an indication of how efficient the company has become.

Warren Buffett likes companies with consistent SGA as the percentage of gross profit.

Companies with no durable competitive advantage show wild variation in SG&A as % of Gross Profit.

If SGA is less than 30% of Gross Profit, it is fantastic. If SGA is nearing 100%, it is is in highly competitive industry.


Related Terms

Gross Profit, Cost of Goods Sold


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Copart Inc Annual Data

Jul06Jul07Jul08Jul09Jul10Jul11Jul12Jul13Jul14Jul15
SG&A 59648487109108114138165139

Copart Inc Quarterly Data

Jan14Apr14Jul14Oct14Jan15Apr15Jul15Oct15Jan16Apr16
SG&A 40414140323041352932
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