Days Inventory is also known as Days Sales of Inventory (DSI). Copart's Average Total Inventories for the
three
months ended in Jan. 2024 was $43 Mil. Copart's Cost of Goods Sold for the
three
months ended in Jan. 2024 was $556 Mil.
Hence, Copart's Days Inventory for the
three
months ended in Jan. 2024 was 7.01.
The historical rank and industry rank for Copart's Days Inventory or its related term are showing as below:
CPRT'
s Days Inventory Range Over the Past 10 Years
Min: 4.37 Med: 5.4 Max: 9.99
Current: 7.41
During the past 13 years, Copart's highest Days Inventory was 9.99. The lowest was 4.37. And the median was 5.40.
CPRT's Days Inventory is ranked better than 73.13% of 681
companies
in the Business Services industry
Industry Median: 29.27
vs CPRT: 7.41
Copart's Days Inventory
declined
from Jan. 2023 (9.12) to Jan. 2024 (7.01).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Copart's Inventory Turnover for the
three
months ended in Jan. 2024 was 13.01.
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
three
months ended in Jan. 2024 was 0.04.
Copart Days Inventory Historical Data
The historical data trend for Copart's Days Inventory 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
Days Inventory
6.01
6.25
8.80
9.99
8.45
Copart Quarterly Data
Apr19
Jul19
Oct19
Jan20
Apr20
Jul20
Oct20
Jan21
Apr21
Jul21
Oct21
Jan22
Apr22
Jul22
Oct22
Jan23
Apr23
Jul23
Oct23
Jan24
Days Inventory
9.12
8.23
7.18
6.77
7.01
Competitive Comparison
For the Specialty Business Services subindustry, Copart's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Copart Days Inventory Distribution
For the Business Services industry and Industrials sector, Copart's Days Inventory distribution charts can be found below:
* The bar in red indicates where Copart's Days Inventory falls into.
Copart Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Copart's Days Inventory for the fiscal year that ended in Jul. 2023 is calculated as
* 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.
Copart (NAS:CPRT) Days Inventory Explanation
Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:
1. Inventory Turnover measures how fast the company turns over its inventory within a year.
Copart's Inventory Turnover for the
three
months ended in Jan. 2024 is calculated as
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
three
months ended in Jan. 2024 is calculated as
* 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.
Be Aware
A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.
Copart Days Inventory Related Terms
Thank you for viewing the detailed overview of Copart's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
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.
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