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GuruFocus has detected 2 Warning Signs with Copart Inc $CPRT.
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Copart Inc (NAS:CPRT)
Days Sales Outstanding
73.73 (As of Apr. 2017)

Copart Inc's account receivable for the three months ended in Apr. 2017 was $302 Mil. Copart Inc's revenue for the three months ended in Apr. 2017 was $374 Mil. Hence, Copart Inc's days sales outstanding for the three months ended in Apr. 2017 was 73.73.

CPRT' s Days Sales Outstanding Range Over the Past 10 Years
Min: 19.84   Max: 71.54
Current: 78.64

19.84
71.54

During the past 13 years, Copart Inc's highest Days Sales Outstanding was 71.54. The lowest was 19.84. And the median was 51.46.

CPRT's Days Sales Outstanding is ranked lower than
75% of the 999 Companies
in the Global Auto & Truck Dealerships industry.

( Industry Median: 61.70 vs. CPRT: 78.64 )

Copart Inc's days sales outstanding increased from Apr. 2016 (69.19) to Apr. 2017 (73.73).


Definition

Days sales outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.

Account receivable can be measured by Days Sales Outstanding.

Copart Inc's Days Sales Outstanding for the fiscal year that ended in Jul. 2016 is calculated as

Days Sales Outstanding=Account Receivable/Revenue*Days in Period
=86.455/1268.449*365
=24.88

Copart Inc's Days Sales Outstanding for the quarter that ended in Apr. 2017 is calculated as:

Days Sales Outstanding=Account Receivable/Revenue*Days in Period
=302.071/373.862*365 / 4
=73.73

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


Explanation

For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.


Related Terms

Account Receivable, Revenue


Historical Data

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

Copart Inc Annual Data

Jul07Jul08Jul09Jul10Jul11Jul12Jul13Jul14Jul15Jul16
DaysSalesOutstanding 71.5451.9553.6651.5151.4119.8463.7321.5223.5024.88

Copart Inc Quarterly Data

Jan15Apr15Jul15Oct15Jan16Apr16Jul16Oct16Jan17Apr17
DaysSalesOutstanding 77.7866.6423.8573.1185.6269.1923.7277.6388.8873.73
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