Copart (BSP:C1PR34) Days Payable

: 80.66 (As of Jan. 2024)

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Copart's average Accounts Payable for the three months ended in Jan. 2024 was R$2,417 Mil. Copart's Cost of Goods Sold for the three months ended in Jan. 2024 was R$2,735 Mil. Hence, Copart's Days Payable for the three months ended in Jan. 2024 was 80.66.

The historical rank and industry rank for Copart's Days Payable or its related term are showing as below:

BSP:C1PR34' s Days Payable Range Over the Past 10 Years
Min: 31.42 Med: 34.39 Max: 67.64
Current: 67.64

During the past 13 years, Copart's highest Days Payable was 67.64. The lowest was 31.42. And the median was 34.39.

BSP:C1PR34's Days Payable is ranked better than
63.08% of 929 companies
in the Business Services industry
Industry Median: 47.73 vs BSP:C1PR34: 67.64

Copart's Days Payable increased from Jan. 2023 (76.70) to Jan. 2024 (80.66). It may suggest that Copart delayed paying its suppliers.

Copart Days Payable Historical Data

The historical data trend for Copart's Days Payable 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 Payable

39.77

32.69

40.44

33.15

33.32

Copart Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Days Payable																76.70	75.90	54.23	54.62	80.66

Competitive Comparison

For the Specialty Business Services subindustry, Copart's Days Payable, along with its competitors' market caps and Days Payable 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 Payable Distribution

For the Business Services industry and Industrials sector, Copart's Days Payable distribution charts can be found below:

* The bar in red indicates where Copart's Days Payable falls into.

Copart Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

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

	Days Payable (A: Jul. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jul. 2022 )	+	Accounts Payable (A: Jul. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jul. 2023 )	*	Days in Period
=	( (1004.766	+	864.167)	/	2 )	/	10237.196	*	365
=	934.4665					/	10237.196	*	365
=	33.32

Copart's Days Payable for the quarter that ended in Jan. 2024 is calculated as:

	Days Payable (Q: Jan. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Oct. 2023 )	+	Accounts Payable (Q: Jan. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
=	( (2503.687	+	2330.519)	/	2 )	/	2734.505	*	365 / 4
=	2417.103					/	2734.505	*	365 / 4
=	80.66

Copart Days Payable Related Terms

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Copart (BSP:C1PR34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Copart Inc (BSP:C1PR34) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CPRT:USA CPRT:Mexico CO6:Germany

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.

Copart (BSP:C1PR34) Headlines

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