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.