CorVel Corp (CRVL)
Inventory turnover
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 700,633 | 634,433 | 562,153 | 493,904 | 531,949 |
| Inventory | US$ in thousands | — | -91,315,600 | — | -64,438,500 | -59,952,000 |
| Inventory turnover | — | — | — | — | — |
March 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $700,633K ÷ $—K
= —
To calculate CorVel Corp's inventory turnover, we need the cost of goods sold (COGS) and average inventory for each respective year. With the information provided, the calculation of inventory turnover ratio is not feasible.
The inventory turnover ratio measures how efficiently a company manages its inventory by indicating how many times a company sells and replaces its inventory during a specific period. A higher turnover ratio generally signifies efficient management of inventory and indicates that the company is selling its goods quickly.
Without the specific data on COGS and average inventory for the years in question, it is not possible to provide a detailed analysis of CorVel Corp's inventory turnover. Additional financial information would be necessary to calculate and interpret this important metric for the company.