Copart's Total Assets for the quarter that ended in Jan. 2024 was $7,599 Mil.
During the past 12 months, Copart's average Total Assets Growth Rate was 15.40% per year.
During the past 3 years, the average Total Assets Growth Rate was 13.70% per year.
During the past 5 years, the average Total Assets Growth Rate was 17.10% per year.
During the past 10 years, the average Total Assets Growth Rate was 14.60% per year.
During the past 13 years, Copart's highest 3-Year average Total Assets Growth Rate was 48.90%. The lowest was 3.30%. And the median was 13.70%.
Total Assets is connected with ROA %. Copart's annualizedROA % for the quarter that ended in Jan. 2024 was 17.45%. Total Assets is also linked to Revenue through Asset Turnover. Copart's Asset Turnover for the quarter that ended in Jan. 2024 was 0.14.
Copart Total Assets Historical Data
The historical data trend for Copart's Total Assets 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.
From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.
Copart's Total Assets 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.
Note:
The Net Income data used here is four times the quarterly (Jan. 2024) data.
In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.
Total Assets is linked to total revenue through Asset Turnover.
Copart's Asset Turnover for the quarter that ended in Jan. 2024 is
* 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.
Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.
Copart Total Assets Related Terms
Thank you for viewing the detailed overview of Copart's Total Assets 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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