CorVel Corp (CRVL)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 120,825 | 110,102 | 101,664 | 97,708 | 95,101 | 95,097 | 88,733 | 76,238 | 65,689 | 63,340 | 65,024 | 72,808 | 78,497 | 77,606 | 73,880 | 68,820 | 59,176 | 54,649 | 52,946 | 54,253 |
| 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 |
| Operating ROA | 35.33% | 20.44% | 19.61% | 20.10% | 20.92% | 21.37% | 20.44% | 18.26% | 16.68% | 15.54% | 16.26% | 17.52% | 18.90% | 18.32% | 17.39% | 16.29% | 13.93% | 11.94% | 11.99% | 12.77% |
March 31, 2025 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $120,825K ÷ $341,945K
= 35.33%
CorVel Corp's operating return on assets (operating ROA) has shown a fluctuating trend over the past few years. The data reveals that the company's operating ROA started at 12.77% on June 30, 2020, and experienced fluctuations but generally increased substantially to reach 35.33% by March 31, 2025.
The operating ROA increased from 13.93% on March 31, 2021, to 21.37% by December 31, 2023, representing a significant improvement in profitability. However, there were fluctuations in the subsequent quarters, with the operating ROA falling slightly to 20.10% on June 30, 2024, before increasing to 35.33% by March 31, 2025.
This upward trend in the operating ROA indicates that CorVel Corp has been effectively utilizing its assets to generate operating income. It suggests that the company has been successful in improving operational efficiency and profitability over the period under review. Further analysis of the underlying factors driving this improvement would be necessary to provide a more detailed understanding of CorVel Corp's performance.