Copart Net Tangible Assets from 2010 to 2024
| CPRT Stock | USD 55.20 0.80 1.47% |
Net Tangible Assets | First Reported 2010-10-31 | Previous Quarter 5.5 B | Current Value 5.8 B | Quarterly Volatility 1.5 B |
Check Copart financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Copart main balance sheet or income statement drivers, such as Depreciation And Amortization of 192.8 M, Interest Expense of 79.6 M or Total Revenue of 4.7 B, as well as many exotic indicators such as Price To Sales Ratio of 10.29, Dividend Yield of 0.0 or PTB Ratio of 3.7. Copart financial statements analysis is a perfect complement when working with Copart Valuation or Volatility modules.
Copart | Net Tangible Assets |
Latest Copart's Net Tangible Assets Growth Pattern
Below is the plot of the Net Tangible Assets of Copart Inc over the last few years. It is the total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company. Copart's Net Tangible Assets historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Copart's overall financial position and show how it may be relating to other accounts over time.
| Net Tangible Assets | 10 Years Trend |
|
Net Tangible Assets |
| Timeline |
Copart Net Tangible Assets Regression Statistics
| Arithmetic Mean | 2,274,725,214 | |
| Geometric Mean | 1,353,046,127 | |
| Coefficient Of Variation | 100.85 | |
| Mean Deviation | 1,918,816,952 | |
| Median | 1,178,972,000 | |
| Standard Deviation | 2,293,983,569 | |
| Sample Variance | 5262360.6T | |
| Range | 6.3B | |
| R-Value | 0.91 | |
| Mean Square Error | 1008042.4T | |
| R-Squared | 0.82 | |
| Slope | 465,097,905 | |
| Total Sum of Squares | 73673048.6T |
Copart Net Tangible Assets History
About Copart Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Copart income statement, its balance sheet, and the statement of cash flows. Copart investors use historical funamental indicators, such as Copart's Net Tangible Assets, to determine how well the company is positioned to perform in the future. Although Copart investors may use each financial statement separately, they are all related. The changes in Copart's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Copart's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Copart Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Copart. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Net Tangible Assets | 6.3 B | 6.6 B |
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 | NL Industries | PairCorr |
Moving against Copart Stock
| 0.72 | AZ | A2Z Smart Technologies | PairCorr |
| 0.66 | LNZA | LanzaTech Global Financial Report 20th of May 2024 | PairCorr |
| 0.65 | HDSN | Hudson Technologies | PairCorr |
| 0.61 | BA | Boeing Financial Report 24th of July 2024 | PairCorr |
| 0.56 | ACU | Acme United | PairCorr |
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.Check out the analysis of Copart Correlation against competitors. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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.