Copart Operating Cash Flow Per Share vs Inventory Turnover Analysis

CPRT Stock

USD 55.20 0.80 1.47%

Copart financial indicator trend analysis is way more than just evaluating Copart Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Copart Inc is a good investment. Please check the relationship between Copart Operating Cash Flow Per Share and its Inventory Turnover accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Copart Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Operating Cash Flow Per Share vs Inventory Turnover

Operating Cash Flow Per Share vs Inventory Turnover Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Copart Inc Operating Cash Flow Per Share account and Inventory Turnover. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Copart's Operating Cash Flow Per Share and Inventory Turnover is -0.06. Overlapping area represents the amount of variation of Operating Cash Flow Per Share that can explain the historical movement of Inventory Turnover in the same time period over historical financial statements of Copart Inc, assuming nothing else is changed. The correlation between historical values of Copart's Operating Cash Flow Per Share and Inventory Turnover is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Cash Flow Per Share of Copart Inc are associated (or correlated) with its Inventory Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory Turnover has no effect on the direction of Operating Cash Flow Per Share i.e., Copart's Operating Cash Flow Per Share and Inventory Turnover go up and down completely randomly.

Correlation Coefficient

-0.06

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Operating Cash Flow Per Share

A measure of the cash generated from a company's normal business operations per share, indicating how much cash is generated from a company's business operations on a per-share basis.

Inventory Turnover

A ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management.

Most indicators from Copart's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Copart Inc current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Copart Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Selling General Administrative is likely to gain to about 281.4 M in 2024. Tax Provision is likely to gain to about 382.3 M in 2024

	2021	2022	2023	2024 (projected)
Total Revenue	3.5B	3.9B	4.4B	4.7B
Interest Expense	16.7M	65.9M	75.8M	79.6M

Total Revenue Interest Expense

Copart fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Inventory	Property Plant And Equipment Gross	Common Stock Total Equity	Common Stock
Total Assets		-0.4	0.25	0.96	1.0	0.99	-0.83	0.99	0.97	0.9	0.99	0.84	0.97	0.99	-0.1	-0.18	0.34	0.98	0.51	0.99	-0.39	0.48	0.82	0.99	-0.36	-0.36
Short Long Term Debt Total	-0.4		-0.3	-0.19	-0.47	-0.35	0.66	-0.49	-0.27	-0.37	-0.32	-0.17	-0.49	-0.33	0.56	0.93	-0.02	-0.28	0.57	-0.46	0.5	-0.2	-0.41	-0.35	-0.49	-0.49
Other Current Liab	0.25	-0.3		0.25	0.26	0.27	-0.59	0.26	0.26	0.55	0.27	0.12	0.19	0.28	0.05	-0.21	0.6	0.26	0.0	0.22	-0.11	0.16	0.53	0.27	-0.12	-0.12
Total Current Liabilities	0.96	-0.19	0.25		0.94	0.96	-0.72	0.93	0.98	0.85	0.98	0.88	0.89	0.97	0.09	0.02	0.38	0.99	0.68	0.92	-0.22	0.49	0.8	0.96	-0.57	-0.57
Total Stockholder Equity	1.0	-0.47	0.26	0.94		0.98	-0.86	1.0	0.95	0.9	0.97	0.82	0.98	0.97	-0.15	-0.26	0.32	0.97	0.43	0.99	-0.41	0.47	0.83	0.98	-0.29	-0.29
Property Plant And Equipment Net	0.99	-0.35	0.27	0.96	0.98		-0.83	0.97	0.99	0.91	1.0	0.81	0.93	0.98	-0.09	-0.11	0.46	0.99	0.57	0.95	-0.43	0.51	0.84	1.0	-0.39	-0.39
Net Debt	-0.83	0.66	-0.59	-0.72	-0.86	-0.83		-0.86	-0.77	-0.94	-0.81	-0.56	-0.83	-0.8	0.25	0.44	-0.5	-0.78	-0.15	-0.83	0.51	-0.41	-0.86	-0.83	0.06	0.06
Retained Earnings	0.99	-0.49	0.26	0.93	1.0	0.97	-0.86		0.95	0.9	0.97	0.82	0.98	0.97	-0.17	-0.28	0.31	0.96	0.41	0.99	-0.42	0.46	0.82	0.97	-0.27	-0.27
Accounts Payable	0.97	-0.27	0.26	0.98	0.95	0.99	-0.77	0.95		0.88	0.99	0.83	0.89	0.99	-0.04	-0.02	0.45	0.99	0.64	0.93	-0.42	0.57	0.81	0.98	-0.47	-0.47
Cash	0.9	-0.37	0.55	0.85	0.9	0.91	-0.94	0.9	0.88		0.9	0.68	0.86	0.88	-0.08	-0.14	0.55	0.88	0.46	0.88	-0.4	0.41	0.88	0.91	-0.29	-0.29
Non Current Assets Total	0.99	-0.32	0.27	0.98	0.97	1.0	-0.81	0.97	0.99	0.9		0.83	0.92	0.98	-0.05	-0.08	0.46	1.0	0.6	0.95	-0.4	0.52	0.84	1.0	-0.43	-0.43
Non Currrent Assets Other	0.84	-0.17	0.12	0.88	0.82	0.81	-0.56	0.82	0.83	0.68	0.83		0.81	0.85	0.24	-0.03	0.17	0.87	0.57	0.83	-0.07	0.29	0.58	0.81	-0.59	-0.59
Cash And Short Term Investments	0.97	-0.49	0.19	0.89	0.98	0.93	-0.83	0.98	0.89	0.86	0.92	0.81		0.93	-0.18	-0.32	0.16	0.92	0.37	1.0	-0.35	0.37	0.77	0.93	-0.22	-0.22
Net Receivables	0.99	-0.33	0.28	0.97	0.97	0.98	-0.8	0.97	0.99	0.88	0.98	0.85	0.93		-0.07	-0.11	0.37	0.99	0.57	0.96	-0.39	0.55	0.81	0.98	-0.43	-0.43
Common Stock Shares Outstanding	-0.1	0.56	0.05	0.09	-0.15	-0.09	0.25	-0.17	-0.04	-0.08	-0.05	0.24	-0.18	-0.07		0.5	0.04	0.02	0.42	-0.15	0.59	-0.3	0.03	-0.1	-0.8	-0.8
Non Current Liabilities Total	-0.18	0.93	-0.21	0.02	-0.26	-0.11	0.44	-0.28	-0.02	-0.14	-0.08	-0.03	-0.32	-0.11	0.5		0.22	-0.05	0.74	-0.27	0.26	0.03	-0.22	-0.11	-0.58	-0.58
Other Current Assets	0.34	-0.02	0.6	0.38	0.32	0.46	-0.5	0.31	0.45	0.55	0.46	0.17	0.16	0.37	0.04	0.22		0.42	0.4	0.22	-0.42	0.34	0.56	0.46	-0.27	-0.27
Other Stockholder Equity	0.98	-0.28	0.26	0.99	0.97	0.99	-0.78	0.96	0.99	0.88	1.0	0.87	0.92	0.99	0.02	-0.05	0.42		0.62	0.95	-0.36	0.51	0.82	0.99	-0.5	-0.5
Total Liab	0.51	0.57	0.0	0.68	0.43	0.57	-0.15	0.41	0.64	0.46	0.6	0.57	0.37	0.57	0.42	0.74	0.4	0.62		0.42	0.04	0.33	0.37	0.56	-0.8	-0.8
Total Current Assets	0.99	-0.46	0.22	0.92	0.99	0.95	-0.83	0.99	0.93	0.88	0.95	0.83	1.0	0.96	-0.15	-0.27	0.22	0.95	0.42		-0.37	0.42	0.79	0.95	-0.27	-0.27
Short Term Debt	-0.39	0.5	-0.11	-0.22	-0.41	-0.43	0.51	-0.42	-0.42	-0.4	-0.4	-0.07	-0.35	-0.39	0.59	0.26	-0.42	-0.36	0.04	-0.37		-0.51	-0.28	-0.43	-0.33	-0.33
Intangible Assets	0.48	-0.2	0.16	0.49	0.47	0.51	-0.41	0.46	0.57	0.41	0.52	0.29	0.37	0.55	-0.3	0.03	0.34	0.51	0.33	0.42	-0.51		0.31	0.51	-0.15	-0.15
Inventory	0.82	-0.41	0.53	0.8	0.83	0.84	-0.86	0.82	0.81	0.88	0.84	0.58	0.77	0.81	0.03	-0.22	0.56	0.82	0.37	0.79	-0.28	0.31		0.84	-0.36	-0.36
Property Plant And Equipment Gross	0.99	-0.35	0.27	0.96	0.98	1.0	-0.83	0.97	0.98	0.91	1.0	0.81	0.93	0.98	-0.1	-0.11	0.46	0.99	0.56	0.95	-0.43	0.51	0.84		-0.38	-0.38
Common Stock Total Equity	-0.36	-0.49	-0.12	-0.57	-0.29	-0.39	0.06	-0.27	-0.47	-0.29	-0.43	-0.59	-0.22	-0.43	-0.8	-0.58	-0.27	-0.5	-0.8	-0.27	-0.33	-0.15	-0.36	-0.38		1.0
Common Stock	-0.36	-0.49	-0.12	-0.57	-0.29	-0.39	0.06	-0.27	-0.47	-0.29	-0.43	-0.59	-0.22	-0.43	-0.8	-0.58	-0.27	-0.5	-0.8	-0.27	-0.33	-0.15	-0.36	-0.38	1.0

Click cells to compare fundamentals

Copart Account Relationship Matchups

Copart fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.5B	4.6B	5.3B	6.7B	7.7B	8.1B
Short Long Term Debt Total	518.2M	518.1M	119.5M	120.5M	138.5M	245.5M
Other Current Liab	3.7M	7.8M	89.9M	4.4M	5.0M	9.5M
Total Current Liabilities	356.0M	421.0M	440.9M	492.8M	566.7M	595.0M
Total Stockholder Equity	2.5B	3.5B	4.6B	6.0B	6.9B	7.2B
Property Plant And Equipment Net	2.1B	2.4B	2.6B	3.0B	3.4B	3.6B
Net Debt	40.5M	(530.2M)	(1.3B)	(836.9M)	(753.2M)	(715.6M)
Retained Earnings	1.9B	2.9B	4.0B	5.2B	6.0B	6.3B
Accounts Payable	318.5M	369.8M	399.0M	440.8M	506.9M	532.3M
Cash	477.7M	1.0B	1.4B	957.4M	1.1B	1.2B
Non Current Assets Total	2.5B	2.9B	3.1B	3.5B	4.0B	4.2B
Non Currrent Assets Other	39.7M	41.8M	47.7M	65.8M	75.7M	79.5M
Cash And Short Term Investments	477.7M	1.0B	1.4B	2.4B	2.7B	2.9B
Net Receivables	376.9M	500.6M	628.5M	708.6M	814.9M	855.6M
Common Stock Shares Outstanding	954.6M	961.2M	964.6M	966.6M	870.0M	949.9M
Liabilities And Stockholders Equity	3.5B	4.6B	5.3B	6.7B	7.7B	8.1B
Non Current Liabilities Total	609.7M	611.9M	242.4M	257.7M	296.3M	221.1M
Other Current Assets	89.0M	108.7M	131.0M	26.3M	30.3M	35.0M
Other Stockholder Equity	672.7M	761.8M	838.5M	938.9M	1.1B	1.1B
Total Liab	965.7M	1.0B	683.3M	750.4M	863.0M	906.2M
Total Current Assets	963.8M	1.7B	2.2B	3.3B	3.8B	3.9B
Short Term Debt	25.6M	22.5M	21.8M	21.5M	24.7M	25.5M
Intangible Assets	47.8M	45.9M	54.7M	62.7M	56.4M	40.7M
Inventory	20.1M	45.0M	58.8M	40.0M	46.0M	48.3M
Property Plant And Equipment Gross	2.1B	2.4B	2.6B	3.0B	3.4B	3.6B
Accumulated Other Comprehensive Income	(121.1M)	(100.9M)	(169.4M)	(141.0M)	(126.9M)	(120.6M)
Other Liab	117.1M	116.3M	144.7M	158.7M	182.5M	191.6M
Other Assets	39.9M	41.8M	47.7M	65.8M	75.7M	48.0M
Long Term Debt	397.0M	397.6M	2.0M	10.9M	12.5M	11.9M
Property Plant Equipment	2.0B	2.4B	2.6B	2.9B	3.4B	3.5B
Current Deferred Revenue	8.2M	21.0M	20.1M	26.1M	30.0M	31.5M
Good Will	343.6M	355.7M	402.0M	394.3M	354.9M	337.1M
Net Tangible Assets	2.1B	3.1B	4.2B	5.5B	6.3B	6.6B
Retained Earnings Total Equity	1.2B	1.3B	1.9B	4.0B	4.5B	4.8B
Long Term Debt Total	398.7M	400.1M	397.0M	2.0M	1.8M	1.7M
Deferred Long Term Liab	19.7M	48.7M	71.7M	80.1M	92.1M	96.7M
Non Current Liabilities Other	30.9M	38.5M	430K	160.3M	184.4M	193.6M

Pair Trading with Copart

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Copart position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Copart will appreciate offsetting losses from the drop in the long position's value.

Moving together with Copart Stock

0.72

NL Industries

Pair Corr

Moving against Copart Stock

0.72	AZ	A2Z Smart Technologies	Pair Corr
0.66	LNZA	LanzaTech Global Earnings Call This Week	Pair Corr
0.65	HDSN	Hudson Technologies	Pair Corr
0.61	BA	Boeing Financial Report 24th of July 2024	Pair Corr
0.56	ACU	Acme United	Pair Corr

The ability to find closely correlated positions to Copart could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Copart when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Copart - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Copart Inc to buy it.

The correlation of Copart is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Copart moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Copart Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Copart can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Copart Inc is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Copart Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Copart Inc Stock. Highlighted below are key reports to facilitate an investment decision about Copart Inc Stock:

How To Invest In Copart

Details

Is Copart Stock a good investment?

Details

What is Copart's Net Worth?

Details

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Copart Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.

You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.

Complementary Tools for Copart Stock analysis

When running Copart's price analysis, check to measure Copart's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Copart is operating at the current time. Most of Copart's value examination focuses on studying past and present price action to predict the probability of Copart's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Copart's price. Additionally, you may evaluate how the addition of Copart to your portfolios can decrease your overall portfolio volatility.

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Is Copart's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Copart. If investors know Copart will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Copart listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.1

Earnings Share

1.4

Revenue Per Share

4.242

Quarterly Revenue Growth

0.066

Return On Assets

0.1465

The market value of Copart Inc is measured differently than its book value, which is the value of Copart that is recorded on the company's balance sheet. Investors also form their own opinion of Copart's value that differs from its market value or its book value, called intrinsic value, which is Copart's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Copart's market value can be influenced by many factors that don't directly affect Copart's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Copart's value and its price as these two are different measures arrived at by different means. Investors typically determine if Copart is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Copart's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Copart Operating Cash Flow Per Share vs Inventory Turnover Analysis

Operating Cash Flow Per Share vs Inventory Turnover

Operating Cash Flow Per Share vs Inventory Turnover Correlation Analysis

Correlation Coefficient

Operating Cash Flow Per Share

Inventory Turnover

Copart fundamental ratios Correlations

Copart Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Copart fundamental ratios Accounts

Pair Trading with Copart

Moving together with Copart Stock

Moving against Copart Stock

Complementary Tools for Copart Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Retained Earnings	+ 1.0	Total Stockholder Equity
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Other Stockholder Equity	+ 1.0	Non Current Assets Total
Property Plant And Equipment Gross	+ 1.0	Non Current Assets Total

Cash	- 0.94	Net Debt
Inventory	- 0.86	Net Debt
Retained Earnings	- 0.86	Net Debt
Net Debt	- 0.86	Total Stockholder Equity
Property Plant And Equipment Gross	- 0.83	Net Debt
Total Current Assets	- 0.83	Net Debt