Copart Cash And Cash Equivalents Changes vs Change In Working Capital Analysis

CPRT Stock  USD 61.52  0.25  0.40%   
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 Cash And Cash Equivalents Changes and its Change In Working Capital 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 closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Cash And Cash Equivalents Changes vs Change In Working Capital

Cash And Cash Equivalents Changes vs Change In Working Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Copart Inc Cash And Cash Equivalents Changes account and Change In Working Capital. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Copart's Cash And Cash Equivalents Changes and Change In Working Capital is -0.47. Overlapping area represents the amount of variation of Cash And Cash Equivalents Changes that can explain the historical movement of Change In Working Capital 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 Cash And Cash Equivalents Changes and Change In Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Cash Equivalents Changes of Copart Inc are associated (or correlated) with its Change In Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change In Working Capital has no effect on the direction of Cash And Cash Equivalents Changes i.e., Copart's Cash And Cash Equivalents Changes and Change In Working Capital go up and down completely randomly.

Correlation Coefficient

-0.47
Relationship DirectionNegative 
Relationship StrengthVery Weak

Cash And Cash Equivalents Changes

Change In Working Capital

The difference in the amount of working capital from one period to the next, indicating the change in a company's short-term assets and liabilities.
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 closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
At this time, Copart's Selling General Administrative is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.11 in 2024, whereas Tax Provision is likely to drop slightly above 192.2 M in 2024.
 2021 2022 2023 2024 (projected)
Total Revenue3.5B3.9B4.2B4.4B
Interest Expense16.7M65.9M145.7M153.0M

Copart fundamental ratios Correlations

-0.480.980.971.00.98-0.910.990.160.950.980.880.970.980.04-0.220.940.980.510.99-0.20.530.790.99-0.34-0.34
-0.48-0.55-0.3-0.55-0.410.7-0.560.34-0.47-0.39-0.38-0.56-0.40.480.94-0.56-0.360.49-0.540.41-0.24-0.45-0.46-0.45-0.45
0.98-0.550.920.980.95-0.950.98-0.030.960.950.830.960.92-0.06-0.310.920.930.410.97-0.180.460.810.97-0.21-0.2
0.97-0.30.920.950.96-0.820.940.30.90.970.890.90.970.2-0.050.880.990.670.93-0.050.530.780.97-0.53-0.53
1.0-0.550.980.950.97-0.931.00.110.940.970.880.980.97-0.01-0.30.940.970.440.99-0.220.530.790.99-0.28-0.28
0.98-0.410.950.960.97-0.890.960.220.931.00.80.90.980.04-0.120.920.990.580.93-0.230.570.830.98-0.39-0.39
-0.910.7-0.95-0.82-0.93-0.89-0.940.04-0.96-0.87-0.75-0.91-0.870.140.48-0.91-0.86-0.22-0.920.27-0.46-0.84-0.90.080.08
0.99-0.560.980.941.00.96-0.940.10.940.960.880.980.96-0.03-0.320.940.960.420.99-0.230.520.790.98-0.26-0.26
0.160.34-0.030.30.110.220.040.10.070.260.140.010.340.420.470.190.290.550.07-0.070.540.130.15-0.66-0.66
0.95-0.470.960.90.940.93-0.960.940.070.930.790.910.920.01-0.230.910.920.460.93-0.180.450.850.94-0.27-0.27
0.98-0.390.950.970.971.0-0.870.960.260.930.820.90.980.08-0.10.920.990.610.93-0.210.580.820.98-0.43-0.43
0.88-0.380.830.890.880.8-0.750.880.140.790.820.910.830.2-0.220.790.870.470.91-0.040.350.550.89-0.39-0.39
0.97-0.560.960.90.980.9-0.910.980.010.910.90.910.91-0.03-0.360.90.910.371.0-0.170.440.710.96-0.21-0.21
0.98-0.40.920.970.970.98-0.870.960.340.920.980.830.910.08-0.130.930.990.590.94-0.210.610.80.96-0.44-0.44
0.040.48-0.060.2-0.010.040.14-0.030.420.010.080.2-0.030.080.47-0.020.150.490.00.61-0.230.130.02-0.87-0.87
-0.220.94-0.31-0.05-0.3-0.120.48-0.320.47-0.23-0.1-0.22-0.36-0.130.47-0.31-0.090.71-0.320.22-0.03-0.22-0.2-0.57-0.57
0.94-0.560.920.880.940.92-0.910.940.190.910.920.790.90.93-0.02-0.310.910.390.93-0.240.50.840.92-0.26-0.26
0.98-0.360.930.990.970.99-0.860.960.290.920.990.870.910.990.15-0.090.910.630.94-0.180.570.80.98-0.49-0.49
0.510.490.410.670.440.58-0.220.420.550.460.610.470.370.590.490.710.390.630.420.130.340.380.53-0.8-0.8
0.99-0.540.970.930.990.93-0.920.990.070.930.930.911.00.940.0-0.320.930.940.42-0.180.480.740.97-0.26-0.26
-0.20.41-0.18-0.05-0.22-0.230.27-0.23-0.07-0.18-0.21-0.04-0.17-0.210.610.22-0.24-0.180.13-0.18-0.4-0.05-0.23-0.41-0.41
0.53-0.240.460.530.530.57-0.460.520.540.450.580.350.440.61-0.23-0.030.50.570.340.48-0.40.350.53-0.16-0.16
0.79-0.450.810.780.790.83-0.840.790.130.850.820.550.710.80.13-0.220.840.80.380.74-0.050.350.79-0.36-0.36
0.99-0.460.970.970.990.98-0.90.980.150.940.980.890.960.960.02-0.20.920.980.530.97-0.230.530.79-0.34-0.33
-0.34-0.45-0.21-0.53-0.28-0.390.08-0.26-0.66-0.27-0.43-0.39-0.21-0.44-0.87-0.57-0.26-0.49-0.8-0.26-0.41-0.16-0.36-0.341.0
-0.34-0.45-0.2-0.53-0.28-0.390.08-0.26-0.66-0.27-0.43-0.39-0.21-0.44-0.87-0.57-0.26-0.49-0.8-0.26-0.41-0.16-0.36-0.331.0
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Copart Account Relationship Matchups

Copart fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets3.5B4.6B5.3B6.7B8.4B8.8B
Short Long Term Debt Total518.2M518.1M119.5M120.5M118.7M112.8M
Other Current Liab100.3M173.2M183.2M239.8M303.5M318.7M
Total Current Liabilities356.0M421.0M440.9M492.8M628.6M660.0M
Total Stockholder Equity2.5B3.5B4.6B6.0B7.5B7.9B
Property Plant And Equipment Net2.1B2.4B2.6B3.0B3.3B3.5B
Net Debt40.5M(530.2M)(1.3B)(836.9M)(1.4B)(1.3B)
Retained Earnings1.9B2.9B4.0B5.2B6.5B6.9B
Accounts Payable132.9M163.2M187.2M180.0M193.3M109.5M
Cash477.7M1.0B1.4B957.4M1.5B1.6B
Non Current Assets Total2.5B2.9B3.1B3.5B4.0B4.2B
Non Currrent Assets Other39.9M41.8M47.7M65.8M129.4M135.9M
Cash And Short Term Investments477.7M1.0B1.4B2.4B3.4B3.6B
Net Receivables376.9M500.6M628.5M708.6M785.9M825.2M
Common Stock Shares Outstanding954.6M961.2M964.6M966.6M974.8M944.5M
Liabilities And Stockholders Equity3.5B4.6B5.3B6.7B8.4B8.8B
Non Current Liabilities Total609.7M611.9M242.4M257.7M250.6M222.8M
Other Current Assets15.3M108.7M131.0M150.0M166.5M174.8M
Other Stockholder Equity672.7M761.8M838.5M938.9M1.1B1.2B
Total Liab965.7M1.0B683.3M750.4M879.2M923.2M
Total Current Assets963.8M1.7B2.2B3.3B4.4B4.6B
Short Term Debt25.6M44.9M43.6M42.9M42.6M28.5M
Intangible Assets47.8M45.9M54.7M62.7M74.1M41.3M
Inventory20.1M45.0M58.8M40.0M43.6M45.8M
Property Plant And Equipment Gross2.1B2.4B2.6B3.0B4.4B4.7B
Accumulated Other Comprehensive Income(121.1M)(100.9M)(169.4M)(141.0M)(143.0M)(135.8M)
Other Liab117.1M116.3M144.7M158.7M182.5M191.6M
Other Assets39.9M41.8M47.7M65.8M(1.0)(0.95)
Long Term Debt397.0M397.6M2.0M10.9M12.5M11.9M
Property Plant Equipment2.0B2.4B2.6B2.9B3.4B3.5B
Current Deferred Revenue97.3M126.3M142.0M164.6M28.1M33.0M
Good Will343.6M355.7M402.0M394.3M513.9M488.2M
Net Tangible Assets2.1B3.1B4.2B5.5B6.3B6.6B
Retained Earnings Total Equity1.2B1.3B1.9B4.0B4.5B4.8B
Long Term Debt Total398.7M400.1M397.0M2.0M1.8M1.7M
Deferred Long Term Liab19.7M48.7M71.7M80.1M92.1M96.7M
Non Current Liabilities Other38.5M430K160.3M24.5M28.2M42.2M

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