CorVel Corp (CRVL)
Gross profit margin
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 171,693 | 158,259 | 152,114 | 123,624 | 125,921 |
| Revenue | US$ in thousands | 794,935 | 718,055 | 646,010 | 551,977 | 592,076 |
| Gross profit margin | 21.60% | 22.04% | 23.55% | 22.40% | 21.27% |
March 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $171,693K ÷ $794,935K
= 21.60%
The gross profit margin of CorVel Corp has shown some fluctuation over the past five years. In particular, the gross profit margin decreased from 23.55% in March 2022 to 21.60% in March 2024. This decline could indicate potential challenges in managing direct costs related to the company's revenue generation during this period. However, it is worth noting that the gross profit margin remains within a relatively stable range, hovering between 21.27% and 23.55% over the past five years. Further analysis of the company's cost structure and pricing strategies may provide insights into the factors influencing these fluctuations in the gross profit margin.