CorVel Corp (CRVL)
Pretax margin
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 95,101 | 84,554 | 84,512 | 59,175 | 60,711 |
| Revenue | US$ in thousands | 794,935 | 718,055 | 646,010 | 551,977 | 592,076 |
| Pretax margin | 11.96% | 11.78% | 13.08% | 10.72% | 10.25% |
March 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $95,101K ÷ $794,935K
= 11.96%
The pretax margin of CorVel Corp has shown a generally stable trend over the past five years, ranging from 10.25% in March 2020 to 13.08% in March 2022. The pretax margin for the most recent period ending March 31, 2024, stands at 11.96%. This indicates that the company is able to effectively manage its operating expenses and generate profits before taxes relative to its total revenue. Overall, the pretax margin of CorVel Corp reflects a consistent performance in maintaining profitability levels over the years.