CorVel Corp (CRVL)
Fixed asset turnover
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 895,589 | 795,311 | 718,562 | 646,230 | 552,644 |
| Property, plant and equipment | US$ in thousands | — | — | 82,770 | 76,268 | 88,041 |
| Fixed asset turnover | — | — | 8.68 | 8.47 | 6.28 |
March 31, 2025 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $895,589K ÷ $—K
= —
The fixed asset turnover ratio measures how efficiently a company is utilizing its fixed assets to generate revenue. In the case of CorVel Corp, its fixed asset turnover has shown a positive trend over the years.
As of March 31, 2021, the fixed asset turnover ratio was 6.28, indicating that for each dollar of fixed assets, the company generated $6.28 in revenue.
By March 31, 2022, the ratio improved to 8.47, showing an increase in the efficiency of utilizing fixed assets to generate revenue. This suggests that the company was able to generate more revenue per dollar of fixed assets invested.
The trend continued to improve with a fixed asset turnover ratio of 8.68 as of March 31, 2023, further highlighting the company's ability to optimize its fixed assets for revenue generation.
However, data for March 31, 2024, and March 31, 2025 are not available, indicating that there may be a break in the trend analysis for those years.
Overall, the increasing trend in CorVel Corp's fixed asset turnover ratio from 2021 to 2023 suggests improved efficiency in utilizing fixed assets to generate revenue, reflecting positively on the company's operational performance.