CorVel Corp (CRVL)
Inventory turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 692,587 | 689,553 | 681,325 | 658,963 | 637,045 | 610,024 | 582,178 | 572,240 | 560,303 | 545,118 | 535,397 | 515,147 | 494,116 | 475,600 | 456,893 | 441,336 | 429,020 | 435,562 | 443,788 | 452,390 |
| Inventory | US$ in thousands | — | — | 13,481 | 0 | — | — | — | 0 | -91,327,000 | 0 | — | — | — | — | 0 | — | 0 | — | — | 0 |
| Inventory turnover | — | — | 50.54 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
March 31, 2025 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $692,587K ÷ $—K
= —
The inventory turnover ratio for CorVel Corp for September 30, 2024, was 50.54. This indicates that the company effectively managed its inventory during that period by selling and replenishing its stock multiple times over, specifically 50.54 times within the year. A high inventory turnover ratio suggests efficient inventory management, quick sales, and minimal holding of obsolete or excess inventory. However, it is important to note that without the historical trend data or industry benchmarks for comparison, it is difficult to evaluate the performance solely based on this single data point. It would be beneficial to analyze the trend of inventory turnover over multiple periods to gain a deeper understanding of CorVel Corp's inventory management efficiency.