CorVel Corp (CRVL)
Inventory turnover
| 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 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 700,633 | 678,849 | 656,077 | 644,150 | 634,434 | 616,694 | 606,351 | 585,210 | 562,153 | 543,210 | 523,934 | 507,279 | 493,903 | 499,946 | 508,235 | 517,870 | 531,951 | 534,359 | 531,051 | 532,111 |
| Inventory | US$ in thousands | — | — | — | 0 | -91,327,000 | 0 | — | — | — | — | 0 | — | 0 | — | — | -10,167 | -11,010 | -8,785 | -7,623 | -6,675 |
| Inventory turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
March 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $700,633K ÷ $—K
= —
To calculate the inventory turnover ratio for CorVel Corp, we need the following formula:
Inventory Turnover = Cost of Goods Sold / Average Inventory
The data provided in the table is insufficient to directly compute the inventory turnover ratio as it lacks information on either the Cost of Goods Sold or the inventory figures for each period. Therefore, without this data, we are unable to calculate or analyze the inventory turnover for CorVel Corp over the specified periods.
In order to assess the efficiency of CorVel Corp's inventory management, we would require access to additional financial data such as Cost of Goods Sold and inventory levels for the respective periods. This information is crucial in determining how quickly the company is selling its inventory and replenishing it, which in turn impacts its liquidity and profitability.