CorVel Corp (CRVL)
Total asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 895,589 | 871,308 | 845,638 | 816,780 | 795,311 | 773,521 | 750,604 | 732,508 | 718,562 | 704,478 | 689,600 | 669,917 | 646,230 | 620,381 | 597,379 | 575,664 | 552,644 | 554,158 | 560,744 | 571,686 |
| Total assets | US$ in thousands | 341,945 | 538,777 | 518,553 | 486,172 | 454,679 | 444,995 | 434,117 | 417,573 | 393,923 | 407,687 | 399,886 | 415,677 | 415,246 | 423,708 | 424,901 | 422,483 | 424,760 | 457,865 | 441,580 | 425,009 |
| Total asset turnover | 2.62 | 1.62 | 1.63 | 1.68 | 1.75 | 1.74 | 1.73 | 1.75 | 1.82 | 1.73 | 1.72 | 1.61 | 1.56 | 1.46 | 1.41 | 1.36 | 1.30 | 1.21 | 1.27 | 1.35 |
March 31, 2025 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $895,589K ÷ $341,945K
= 2.62
CorVel Corp's total asset turnover has shown a fluctuating trend over the period from June 30, 2020, to March 31, 2025. The total asset turnover ratio measures the efficiency with which the company generates revenue from its assets.
From June 2020 to June 2022, the total asset turnover ratio increased steadily from 1.35 to 1.61, indicating an improvement in the company's ability to generate revenue relative to its asset base. This may suggest effective asset utilization and operational efficiency during this period.
However, from September 2022 to December 2024, the total asset turnover ratio experienced a slight decline, dropping to 1.62 by the end of December 2024. This downtrend could signal potential inefficiencies in asset management or a decrease in revenue generated per unit of assets during this period.
The ratio saw a significant surge in the first quarter of 2025, jumping to 2.62, which could be indicative of a sudden increase in revenue generated per dollar of assets, potentially due to improved operational performance, asset utilization, or sales growth.
Overall, the trend in CorVel Corp's total asset turnover ratio reflects fluctuations in the company's efficiency in utilizing its assets to generate revenue. Further analysis would be necessary to understand the specific factors driving these changes and to assess the overall financial health and operational efficiency of the company.