CorVel Corp (CRVL)

Number of days of payables

Mar 31, 2025 Mar 31, 2024 Mar 31, 2023 Mar 31, 2022 Mar 31, 2021
Payables turnover 38.00 37.21 35.09 34.73
Number of days of payables days 9.60 9.81 10.40 10.51

March 31, 2025 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ —
= —

Based on the data provided for CorVel Corp's number of days of payables:

- The number of days of payables has shown a decreasing trend from 10.51 days as of March 31, 2021, to 9.60 days as of March 31, 2024.
- This indicates that the company has been managing its payables more efficiently over the years, taking fewer days to pay its suppliers.
- However, the data for March 31, 2025, is missing, denoted by "— days," which makes it difficult to assess the most recent trend in the number of days of payables.
- Overall, the decreasing trend in the number of days of payables suggests that CorVel Corp has been improving its liquidity position by optimizing its payment practices.