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Accounts Receivable, Net
3 Months Ended
Oct. 31, 2024
Accounts Receivable, after Allowance for Credit Loss [Abstract]  
Accounts Receivable, Net Accounts Receivable, Net
Accounts receivable, net consisted of:
(In thousands)October 31, 2024July 31, 2024
Advance charges receivable$594,915 $598,805 
Trade accounts receivable204,512 173,652 
Other receivables16,041 25,953 
815,468 798,410 
Less: Allowance for credit loss(13,628)(12,533)
Accounts receivable, net$801,840 $785,877 
Advance charges receivable represents amounts paid to third parties on behalf of insurance companies for which the Company will be reimbursed when the vehicle is sold. Advance charges are recovered within one year. Trade accounts receivable includes fees and gross auction proceeds to be collected from insurance companies and buyers.