Copart (BSP:C1PR34) Retained Earnings

: R$28,749 Mil (As of Jan. 2024)

View and export this data going back to 2020. Start your Free Trial

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Copart's retained earnings for the quarter that ended in Jan. 2024 was R$28,749 Mil.

Copart's quarterly retained earnings increased from Jul. 2023 (R$24,912 Mil) to Oct. 2023 (R$27,915 Mil) and increased from Oct. 2023 (R$27,915 Mil) to Jan. 2024 (R$28,749 Mil).

Copart's annual retained earnings increased from Jul. 2021 (R$14,803 Mil) to Jul. 2022 (R$21,239 Mil) and increased from Jul. 2022 (R$21,239 Mil) to Jul. 2023 (R$24,912 Mil).

Copart Retained Earnings Historical Data

The historical data trend for Copart's Retained Earnings 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

Retained Earnings

Get a 7-Day Free Trial

5,056.87

10,219.27

14,803.08

21,238.79

24,911.91

Copart Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Retained Earnings	Get a 7-Day Free Trial															23,339.47	24,320.82	24,911.91	27,914.92	28,749.03

Copart Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

Copart (BSP:C1PR34) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

Copart (BSP:C1PR34) Business Description

Industry

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

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

No Headlines