CorVel Corp (CRVL)
Operating return on assets (Operating ROA)
| 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 |
| Total assets | US$ in thousands | 454,679 | 393,923 | 415,246 | 424,760 | 416,260 |
| Operating ROA | 20.42% | 21.05% | 20.21% | 13.35% | 14.09% |
March 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $92,850K ÷ $454,679K
= 20.42%
The operating return on assets (ROA) for CorVel Corp has shown a generally positive trend over the past five years. The company's operating ROA has increased from 14.09% in 2020 to 20.42% in 2024. This indicates that the company has been generating more operating income from its assets over time.
In 2024, CorVel Corp achieved an operating ROA of 20.42%, which means that the company generated approximately $0.2042 in operating income for every dollar of assets it owned. This performance is slightly lower compared to the previous year's operating ROA of 21.05%, but still represents a strong return on assets.
Overall, CorVel Corp's ability to generate operating income from its assets has been steadily improving, reflecting the company's efficiency in utilizing its assets to generate profits. These positive trends in operating ROA suggest that the company is effectively managing its operations and investments to create value for its shareholders.