CorVel Corp (CRVL)
Days of sales outstanding (DSO)
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 8.60 | 8.21 | 8.26 | 8.36 | 8.19 | 8.35 | 8.63 | 8.70 | 8.87 | 8.51 | 8.13 | 8.26 | 7.82 | 8.92 | 8.60 | 8.56 | 8.54 | 8.72 | 7.67 | 8.47 | |
| DSO | days | 42.44 | 44.48 | 44.20 | 43.68 | 44.57 | 43.72 | 42.28 | 41.94 | 41.16 | 42.90 | 44.88 | 44.18 | 46.65 | 40.92 | 42.43 | 42.64 | 42.75 | 41.88 | 47.58 | 43.08 |
March 31, 2025 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 8.60
= 42.44
CorVel Corp's Days Sales Outstanding (DSO) has shown variability over the provided period from June 30, 2020, to March 31, 2025. The DSO represents the average number of days it takes for the company to collect payment after making a sale. A decreasing trend in DSO is generally preferred as it indicates faster cash collection.
From June 30, 2020, to December 31, 2021, there was a decreasing trend in DSO, indicating improved efficiency in collecting payment from customers. However, there was a slight increase in DSO as of March 31, 2022, followed by fluctuations around the mid-40s days range until March 31, 2025.
CorVel Corp's DSO ranged from a low of 40.92 days on December 31, 2021, to a high of 46.65 days on March 31, 2022. The average DSO over the period was approximately 43.91 days. Although the company managed to keep the DSO relatively stable, it may benefit from further efforts to optimize its accounts receivables management and enhance cash flow efficiency.