Copart Total Current Assets vs Cash And Short Term Investments Analysis

CPRT Stock

USD 59.39 0.44 0.74%

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 Total Current Assets and its Cash And Short Term Investments 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.

Total Current Assets vs Cash And Short Term Investments

Total Current Assets vs Cash And Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Copart Inc Total Current Assets account and Cash And Short Term Investments. At this time, the significance of the direction appears to have totally related.

The correlation between Copart's Total Current Assets and Cash And Short Term Investments is 1.0. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Cash And Short Term Investments 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 Total Current Assets and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of Copart Inc are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Total Current Assets i.e., Copart's Total Current Assets and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

1.0

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Copart Inc balance sheet. This account contains Copart investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Copart Inc fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

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.

Selling General Administrative is likely to gain to about 404.8 M in 2025. Tax Provision is likely to gain to about 425.3 M in 2025

	2022	2023	2024	2025 (projected)
Total Revenue	3.9B	4.2B	4.9B	5.1B
Interest Expense	65.9M	145.7M	167.5M	175.9M

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		-0.47	0.98	0.98	1.0	0.98	-0.91	1.0	0.45	0.96	0.99	0.92	0.98	0.98	-0.12	-0.28	0.95	0.99	0.61	0.99	-0.17	0.55	0.83	0.99	-0.32	-0.32
Short Long Term Debt Total	-0.47		-0.54	-0.32	-0.53	-0.43	0.69	-0.54	0.17	-0.47	-0.4	-0.38	-0.53	-0.41	0.52	0.93	-0.55	-0.38	0.4	-0.51	0.37	-0.31	-0.47	-0.45	-0.44	-0.44
Other Current Liab	0.98	-0.54		0.94	0.99	0.97	-0.94	0.99	0.3	0.97	0.96	0.88	0.97	0.95	-0.19	-0.35	0.94	0.95	0.53	0.98	-0.15	0.49	0.85	0.98	-0.21	-0.21
Total Current Liabilities	0.98	-0.32	0.94		0.97	0.97	-0.83	0.96	0.56	0.93	0.98	0.93	0.94	0.98	0.01	-0.14	0.91	0.99	0.72	0.96	-0.05	0.54	0.82	0.98	-0.47	-0.47
Total Stockholder Equity	1.0	-0.53	0.99	0.97		0.98	-0.92	1.0	0.42	0.96	0.98	0.92	0.99	0.98	-0.15	-0.34	0.96	0.98	0.55	0.99	-0.18	0.54	0.83	0.99	-0.27	-0.27
Property Plant And Equipment Net	0.98	-0.43	0.97	0.97	0.98		-0.9	0.97	0.48	0.95	1.0	0.86	0.93	0.98	-0.09	-0.19	0.94	0.99	0.66	0.95	-0.21	0.58	0.86	0.98	-0.37	-0.37
Net Debt	-0.91	0.69	-0.94	-0.83	-0.92	-0.9		-0.93	-0.23	-0.95	-0.89	-0.77	-0.9	-0.88	0.23	0.49	-0.92	-0.87	-0.33	-0.9	0.24	-0.52	-0.87	-0.89	0.1	0.1
Retained Earnings	1.0	-0.54	0.99	0.96	1.0	0.97	-0.93		0.41	0.96	0.97	0.92	0.99	0.97	-0.17	-0.35	0.96	0.97	0.54	0.99	-0.19	0.54	0.83	0.99	-0.25	-0.25
Accounts Payable	0.45	0.17	0.3	0.56	0.42	0.48	-0.23	0.41		0.36	0.51	0.47	0.35	0.58	0.3	0.31	0.45	0.55	0.67	0.4	-0.14	0.55	0.34	0.45	-0.69	-0.69
Cash	0.96	-0.47	0.97	0.93	0.96	0.95	-0.95	0.96	0.36		0.95	0.86	0.94	0.94	-0.13	-0.28	0.93	0.95	0.57	0.95	-0.16	0.49	0.88	0.96	-0.27	-0.27
Non Current Assets Total	0.99	-0.4	0.96	0.98	0.98	1.0	-0.89	0.97	0.51	0.95		0.88	0.93	0.99	-0.07	-0.18	0.94	1.0	0.68	0.95	-0.18	0.59	0.85	0.98	-0.4	-0.4
Non Currrent Assets Other	0.92	-0.38	0.88	0.93	0.92	0.86	-0.77	0.92	0.47	0.86	0.88		0.94	0.89	-0.02	-0.27	0.85	0.91	0.58	0.94	-0.04	0.4	0.65	0.93	-0.34	-0.34
Cash And Short Term Investments	0.98	-0.53	0.97	0.94	0.99	0.93	-0.9	0.99	0.35	0.94	0.93	0.94		0.94	-0.17	-0.38	0.93	0.94	0.5	1.0	-0.14	0.47	0.77	0.97	-0.21	-0.2
Net Receivables	0.98	-0.41	0.95	0.98	0.98	0.98	-0.88	0.97	0.58	0.94	0.99	0.89	0.94		-0.07	-0.2	0.95	0.99	0.66	0.96	-0.18	0.61	0.84	0.97	-0.4	-0.4
Common Stock Shares Outstanding	-0.12	0.52	-0.19	0.01	-0.15	-0.09	0.23	-0.17	0.3	-0.13	-0.07	-0.02	-0.17	-0.07		0.48	-0.14	-0.02	0.35	-0.15	0.58	-0.29	0.02	-0.13	-0.81	-0.81
Non Current Liabilities Total	-0.28	0.93	-0.35	-0.14	-0.34	-0.19	0.49	-0.35	0.31	-0.28	-0.18	-0.27	-0.38	-0.2	0.48		-0.35	-0.17	0.58	-0.35	0.22	-0.07	-0.27	-0.26	-0.55	-0.55
Other Current Assets	0.95	-0.55	0.94	0.91	0.96	0.94	-0.92	0.96	0.45	0.93	0.94	0.85	0.93	0.95	-0.14	-0.35		0.94	0.5	0.94	-0.21	0.53	0.87	0.94	-0.26	-0.26
Other Stockholder Equity	0.99	-0.38	0.95	0.99	0.98	0.99	-0.87	0.97	0.55	0.95	1.0	0.91	0.94	0.99	-0.02	-0.17	0.94		0.69	0.96	-0.15	0.57	0.84	0.99	-0.44	-0.44
Total Liab	0.61	0.4	0.53	0.72	0.55	0.66	-0.33	0.54	0.67	0.57	0.68	0.58	0.5	0.66	0.35	0.58	0.5	0.69		0.54	0.1	0.37	0.47	0.62	-0.77	-0.77
Total Current Assets	0.99	-0.51	0.98	0.96	0.99	0.95	-0.9	0.99	0.4	0.95	0.95	0.94	1.0	0.96	-0.15	-0.35	0.94	0.96	0.54		-0.15	0.5	0.79	0.98	-0.25	-0.25
Short Term Debt	-0.17	0.37	-0.15	-0.05	-0.18	-0.21	0.24	-0.19	-0.14	-0.16	-0.18	-0.04	-0.14	-0.18	0.58	0.22	-0.21	-0.15	0.1	-0.15		-0.38	-0.05	-0.19	-0.41	-0.41
Intangible Assets	0.55	-0.31	0.49	0.54	0.54	0.58	-0.52	0.54	0.55	0.49	0.59	0.4	0.47	0.61	-0.29	-0.07	0.53	0.57	0.37	0.5	-0.38		0.39	0.54	-0.17	-0.17
Inventory	0.83	-0.47	0.85	0.82	0.83	0.86	-0.87	0.83	0.34	0.88	0.85	0.65	0.77	0.84	0.02	-0.27	0.87	0.84	0.47	0.79	-0.05	0.39		0.82	-0.36	-0.35
Property Plant And Equipment Gross	0.99	-0.45	0.98	0.98	0.99	0.98	-0.89	0.99	0.45	0.96	0.98	0.93	0.97	0.97	-0.13	-0.26	0.94	0.99	0.62	0.98	-0.19	0.54	0.82		-0.31	-0.31
Common Stock Total Equity	-0.32	-0.44	-0.21	-0.47	-0.27	-0.37	0.1	-0.25	-0.69	-0.27	-0.4	-0.34	-0.21	-0.4	-0.81	-0.55	-0.26	-0.44	-0.77	-0.25	-0.41	-0.17	-0.36	-0.31		1.0
Common Stock	-0.32	-0.44	-0.21	-0.47	-0.27	-0.37	0.1	-0.25	-0.69	-0.27	-0.4	-0.34	-0.2	-0.4	-0.81	-0.55	-0.26	-0.44	-0.77	-0.25	-0.41	-0.17	-0.35	-0.31	1.0

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Copart Account Relationship Matchups

Copart fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	4.6B	5.3B	6.7B	8.4B	9.7B	10.2B
Short Long Term Debt Total	518.1M	119.5M	120.5M	118.7M	136.5M	241.1M
Other Current Liab	173.2M	183.2M	239.8M	303.5M	349.0M	366.5M
Total Current Liabilities	421.0M	440.9M	492.8M	628.6M	722.9M	759.0M
Total Stockholder Equity	3.5B	4.6B	6.0B	7.5B	8.7B	9.1B
Property Plant And Equipment Net	2.4B	2.6B	3.0B	3.3B	3.8B	4.0B
Net Debt	(530.2M)	(1.3B)	(836.9M)	(1.4B)	(1.3B)	(1.2B)
Retained Earnings	2.9B	4.0B	5.2B	6.5B	7.5B	7.9B
Accounts Payable	163.2M	187.2M	180.0M	193.3M	222.3M	233.4M
Cash	1.0B	1.4B	957.4M	1.5B	1.7B	1.8B
Non Current Assets Total	2.9B	3.1B	3.5B	4.0B	4.6B	4.8B
Non Currrent Assets Other	41.8M	47.7M	65.8M	129.4M	148.9M	156.3M
Cash And Short Term Investments	1.0B	1.4B	2.4B	3.4B	3.9B	4.1B
Net Receivables	500.6M	628.5M	708.6M	785.9M	903.8M	948.9M
Common Stock Shares Outstanding	961.2M	964.6M	966.6M	974.8M	877.3M	944.5M
Liabilities And Stockholders Equity	4.6B	5.3B	6.7B	8.4B	9.7B	10.2B
Non Current Liabilities Total	611.9M	242.4M	257.7M	250.6M	288.2M	222.8M
Other Current Assets	108.7M	131.0M	150.0M	166.5M	191.5M	201.1M
Other Stockholder Equity	761.8M	838.5M	938.9M	1.1B	1.3B	1.4B
Total Liab	1.0B	683.3M	750.4M	879.2M	1.0B	1.1B
Total Current Assets	1.7B	2.2B	3.3B	4.4B	5.1B	5.3B
Short Term Debt	44.9M	43.6M	42.9M	42.6M	49.0M	28.5M
Intangible Assets	45.9M	54.7M	62.7M	74.1M	66.7M	41.3M
Inventory	45.0M	58.8M	40.0M	43.6M	50.2M	52.7M
Property Plant And Equipment Gross	2.4B	2.6B	3.0B	4.4B	5.1B	5.4B
Accumulated Other Comprehensive Income	(100.9M)	(169.4M)	(141.0M)	(143.0M)	(128.7M)	(122.2M)
Other Liab	117.1M	116.3M	144.7M	158.7M	182.5M	191.6M
Other Assets	41.8M	47.7M	65.8M	(1.0)	(1.15)	(1.09)
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	126.3M	142.0M	164.6M	28.1M	32.3M	33.0M
Good Will	355.7M	402.0M	394.3M	513.9M	462.5M	439.4M
Net Tangible Assets	2.1B	3.1B	4.2B	5.5B	6.3B	6.6B
Non Current Liabilities Other	38.5M	430K	160.3M	24.5M	28.2M	42.2M

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