Similar companies
Company | Revenue | |
---|---|---|
Ocean Power TechnologiesOPTT |
1.6M 12.3% | |
Nordson CorporationNDSN |
631M 3.1% |
Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 1.17B | 10.4% |
Gross Profit | 475M | 14.5% |
Cost of Revenue | 693M | 7.7% |
Operating expense | 92M | 4.4% |
Net Income | 382M | 17.4% |
EBITDA | 476M | 14.8% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 8.01B | 5.4% |
Total Liabilities | 814M | 3.6% |
Total Equity | 7.2B | 5.6% |
Shares Outstanding | 962M | 0.1% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | 496M | 206.8% |
Cash from investing | -669M | 54.9% |
Cash from financing | 4.4M | 563.1% |
EPS
Financial Highlights for Copart in Q2 '24
Copart reported a revenue of 1.17B, which is a 10.4% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 475M, marking a 14.5% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 693M, a 7.7% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 92M, showing a 4.4% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 382M, showing a 17.4% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 476M, showing a 14.8% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Copart with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.