CorVel Corp (CRVL)
Net profit margin
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 76,252 | 66,365 | 66,410 | 46,356 | 47,377 |
| Revenue | US$ in thousands | 794,935 | 718,055 | 646,010 | 551,977 | 592,076 |
| Net profit margin | 9.59% | 9.24% | 10.28% | 8.40% | 8.00% |
March 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $76,252K ÷ $794,935K
= 9.59%
The net profit margin of CorVel Corp has shown varying trends over the past five years. In the fiscal year ending March 31, 2024, the net profit margin was 9.59%, representing a slight increase from the previous year's margin of 9.24% in 2023. This improvement indicates that the company was able to effectively control its expenses relative to its revenue, resulting in a higher level of profitability.
Comparing the current net profit margin to historical data, we observe that in 2022, CorVel Corp achieved a relatively high net profit margin of 10.28%, which was a peak in the past five years. In contrast, the margins in 2021 and 2020 were lower at 8.40% and 8.00%, respectively.
Overall, while the company has experienced fluctuations in its net profit margin, it has managed to maintain a healthy level of profitability over the years. Monitoring the net profit margin can provide insights into the company's efficiency in managing its costs and generating profits relative to its revenue.