CorVel Corp (CRVL)

The number of days of payables for CorVel Corp has shown a consistent downward trend over the past five years. As of March 31, 2024, the company takes approximately 8.55 days to pay its accounts payable, which is a slight improvement from the previous year's figure of 8.66 days. This indicates that the company is managing its payables more efficiently by taking less time to settle its outstanding obligations to suppliers and creditors.

Compared to three years ago when the number of days of payables was 10.39 days, the current figure reflects a notable improvement in the company's ability to manage its working capital effectively. A lower number of days of payables suggests that CorVel Corp is able to negotiate favorable payment terms with its suppliers or has streamlined its accounts payable processes to optimize cash flow management.

Overall, the decreasing trend in the number of days of payables indicates that CorVel Corp has been successful in enhancing its liquidity position and potentially strengthening its relationships with vendors by ensuring timely payments. This trend may signify a focus on operational efficiency and financial health within the company's management practices.