CorVel Corp (CRVL)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | — | 47.28 | 49.73 | 53.28 | 38.82 | 40.87 | 38.43 | 39.05 | 37.21 | 37.08 | 31.98 | 26.72 | 35.09 | 40.23 | 35.32 | 38.96 | 34.73 | 36.10 | 39.34 | 35.08 | |
| Number of days of payables | days | — | 7.72 | 7.34 | 6.85 | 9.40 | 8.93 | 9.50 | 9.35 | 9.81 | 9.84 | 11.42 | 13.66 | 10.40 | 9.07 | 10.33 | 9.37 | 10.51 | 10.11 | 9.28 | 10.41 |
March 31, 2025 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ —
= —
CorVel Corp's number of days of payables has shown some fluctuations over the past few years. The trend indicates that the company takes an average of around 9 to 10 days to pay its accounts payable obligations. However, there have been some notable deviations from this pattern, such as a decrease in the number of days of payables to as low as 6.85 days as of June 30, 2024.
It is essential for CorVel Corp to manage its payables effectively, as a higher number of days of payables may signal liquidity issues or strained relationships with suppliers. Conversely, a significantly low number of days of payables may indicate aggressive payment practices that could impact cash flow.
Overall, monitoring and analyzing the number of days of payables can provide insights into the company's financial health, efficiency in managing working capital, and relationships with vendors and suppliers.