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Copart Days Inventory

: 8.62 (As of Jan. 2021)
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Copart's Total Inventories for the three months ended in Jan. 2021 was $29 Mil. Copart's Cost of Goods Sold for the three months ended in Jan. 2021 was $310 Mil. Hence, Copart's Days Inventory for the three months ended in Jan. 2021 was 8.62.

NAS:CPRT' s Days Inventory Range Over the Past 10 Years
Min: 4.37   Med: 4.77   Max: 7.18
Current: 7.18

4.37
7.18

During the past 13 years, Copart's highest Days Inventory was 7.18. The lowest was 4.37. And the median was 4.77.

NAS:CPRT's Days Inventory is ranked higher than
77% of the 653 Companies
in the Business Services industry.

( Industry Median: 35.36 vs. NAS:CPRT: 7.18 )

Copart's Days Inventory increased from Jan. 2020 (5.50) to Jan. 2021 (8.62). It might indicate that Copart's sales slowed down.

Total Inventories can be measured by Days Sales of Inventory (DSI).

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. 2021 was 10.59.

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. 2021 was 0.05.


Copart Days Inventory Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Copart Annual Data
Jul11 Jul12 Jul13 Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20
Days Inventory Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.79 4.60 4.70 6.01 6.25

Copart Quarterly Data
Apr16 Jul16 Oct16 Jan17 Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21
Days Inventory Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.50 5.68 6.61 7.44 8.62

Competitive Comparison
* 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.


Copart Days Inventory Distribution

* 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. 2020 is calculated as

Days Inventory (A: Jul. 2020 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Jul. 2019 ) + Total Inventories (A: Jul. 2020 )) / count ) / Cost of Goods Sold (A: Jul. 2020 )*Days in Period
=( (20.941 + 20.08) / 2 ) / 1197.781*365
=20.5105 / 1197.781*365
=6.25

Copart's Days Inventory for the quarter that ended in Jan. 2021 is calculated as:

Days Inventory (Q: Jan. 2021 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Oct. 2020 ) + Total Inventories (Q: Jan. 2021 )) / count ) / Cost of Goods Sold (Q: Jan. 2021 )*Days in Period
=( (28.244 + 30.203) / 2 ) / 309.533*365 / 4
=29.2235 / 309.533*365 / 4
=8.62

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Copart  (NAS:CPRT) Days Inventory Explanation

An increase of Days Inventory may indicate the company's sales slowed.

1. Total Inventories can be measured by Days Sales of Inventory (DSI).

Copart's Days Sales of Inventory for the three months ended in Jan. 2021 is calculated as

Days Sales of Inventory (DSI)=Total Inventories/Revenue*Days in Period
=29.2235/617.031*365 / 4
=4.32

2. 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. 2021 is calculated as

3. 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. 2021 is calculated as

Inventory-to-Revenue=Total Inventories / Revenue
=29.2235 / 617.031
=0.05

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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


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