CorVel Corp (CRVL)
Operating profit margin
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 92,850 | 82,913 | 83,919 | 56,719 | 58,670 |
| Revenue | US$ in thousands | 794,935 | 718,055 | 646,010 | 551,977 | 592,076 |
| Operating profit margin | 11.68% | 11.55% | 12.99% | 10.28% | 9.91% |
March 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $92,850K ÷ $794,935K
= 11.68%
The operating profit margin of CorVel Corp has shown a fluctuating trend over the past five years. In the most recent fiscal year ending March 31, 2024, the operating profit margin was 11.68%, slightly higher than the previous year's margin of 11.55%. This indicates that the company was able to maintain its profitability levels.
Comparing these figures to earlier years, we see that the operating profit margin was highest at 12.99% in March 31, 2022, and lowest at 9.91% in March 31, 2020. This suggests that the company's profitability has experienced some variability over the years.
Overall, the varying operating profit margins of CorVel Corp suggest that the company may have faced changing operating conditions or cost structures that impacted its profitability performance. It would be important to further investigate the underlying factors influencing these fluctuations to gain a deeper understanding of the company's financial health and operational efficiency.