CorVel Corp (CRVL)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 42.70 | 45.48 | 43.31 | 43.96 | 42.13 | 41.95 | 36.21 | 30.35 | 39.93 | 45.95 | 40.51 | 44.78 | 39.98 | 41.44 | 45.06 | 40.15 | 35.12 | 30.69 | 32.94 | 29.67 | |
| Number of days of payables | days | 8.55 | 8.02 | 8.43 | 8.30 | 8.66 | 8.70 | 10.08 | 12.02 | 9.14 | 7.94 | 9.01 | 8.15 | 9.13 | 8.81 | 8.10 | 9.09 | 10.39 | 11.89 | 11.08 | 12.30 |
March 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 42.70
= 8.55
The number of days of payables for CorVel Corp has shown fluctuations over the past few quarters, ranging from a low of 7.94 days to a high of 12.30 days. The trend appears to be slightly decreasing over the most recent quarters, indicating that the company is taking slightly longer to pay its suppliers.
On average, CorVel Corp takes around 8 to 10 days to pay its payables, with occasional deviations from this range. Overall, the company's ability to manage its payables efficiently is apparent, although closer monitoring may be warranted to ensure timely and effective vendor payment practices.