CorVel Corp (CRVL)
Profitability ratios
Return on sales
| 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 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 21.59% | 22.01% | 22.44% | 21.88% | 22.03% | 22.62% | 22.36% | 23.11% | 23.54% | 23.34% | 23.52% | 23.34% | 22.39% | 21.42% | 20.88% | 20.89% | 21.26% | 21.44% | 21.53% | 21.26% |
| Operating profit margin | 14.52% | 14.74% | 15.17% | 14.71% | 14.40% | 14.84% | 14.51% | 15.15% | 15.65% | 15.12% | 15.08% | 14.77% | 13.47% | 12.52% | 12.07% | 12.07% | 12.90% | 13.13% | 13.39% | 13.39% |
| Pretax margin | 11.96% | 12.30% | 12.65% | 12.12% | 11.77% | 12.52% | 12.14% | 12.71% | 13.08% | 12.51% | 12.37% | 11.96% | 10.72% | 9.87% | 9.45% | 9.50% | 10.25% | 10.40% | 10.66% | 10.66% |
| Net profit margin | 9.59% | 9.69% | 9.96% | 9.49% | 9.24% | 9.63% | 9.40% | 9.89% | 10.28% | 9.93% | 9.89% | 9.54% | 8.40% | 7.82% | 7.37% | 7.40% | 8.00% | 7.96% | 8.15% | 8.12% |
CorVel Corp's profitability ratios have shown fluctuating trends over the past several quarters. The gross profit margin has ranged between 20.88% to 23.54%, with a slight overall downward trend. This suggests that the company's ability to generate revenue after accounting for the cost of goods sold has been somewhat inconsistent.
The operating profit margin has varied between 12.07% to 15.65%. Despite some fluctuations, there is a general stability in this ratio, indicating that CorVel Corp has managed to control its operating expenses effectively to maintain a reasonable level of profitability from its core operations.
The pretax margin has fluctuated between 9.45% to 13.08%, demonstrating a range of pre-tax profitability levels. This ratio reflects the company's ability to generate profits before accounting for taxes and other non-operating expenses.
The net profit margin has shown variability from 7.37% to 10.28%, with a general decreasing trend over the quarters. This indicates that after accounting for all expenses including taxes, CorVel Corp's overall profitability has declined slightly over the periods analyzed.
In conclusion, while CorVel Corp has demonstrated the ability to maintain a level of profitability in its operations, there are indications of a slight decline in overall profitability. The company may need to focus on improving efficiency and cost-control measures to enhance its bottom line in the future.
Return on investment
| 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 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 25.40% | 25.62% | 26.23% | 25.79% | 26.26% | 25.65% | 25.01% | 24.41% | 24.36% | 22.14% | 21.20% | 20.12% | 17.50% | 15.14% | 15.31% | 16.22% | 18.35% | 18.55% | 18.65% | 18.64% |
| Return on assets (ROA) | 16.77% | 16.85% | 17.21% | 16.64% | 16.85% | 16.64% | 16.22% | 15.94% | 15.99% | 14.53% | 13.91% | 12.99% | 10.91% | 9.46% | 9.35% | 9.95% | 11.38% | 11.25% | 11.34% | 11.30% |
| Return on total capital | 38.44% | 40.76% | 42.70% | 42.94% | 41.87% | 45.33% | 42.35% | 41.45% | 39.84% | 36.15% | 33.06% | 30.03% | 26.88% | 26.06% | 26.17% | 27.39% | 31.90% | 40.49% | 39.64% | 39.12% |
| Return on equity (ROE) | 30.79% | 32.10% | 33.57% | 33.57% | 32.83% | 34.82% | 32.78% | 32.22% | 31.27% | 28.65% | 26.41% | 23.92% | 21.03% | 20.63% | 20.39% | 21.34% | 24.97% | 24.55% | 24.11% | 23.71% |
CorVel Corp has demonstrated consistently strong profitability ratios over the period analyzed.
- Operating Return on Assets (Operating ROA) has remained relatively stable, ranging from 24.36% to 26.26% during the period. This ratio indicates the company's ability to generate operating profits from its assets efficiently.
- Return on Assets (ROA) has also shown stability, fluctuating between 14.53% and 17.21%. This ratio reflects CorVel Corp's overall profitability in relation to its total assets.
- Return on Total Capital has displayed a similar trend, with values ranging from 33.06% to 45.33%. This ratio measures how effectively the company utilizes its capital to generate profits.
- Return on Equity (ROE) has consistently remained above 20%, indicating that the company is able to generate solid returns for its shareholders. ROE values have varied between 20.39% and 33.57% over the period under review.
Overall, CorVel Corp's profitability ratios portray a financially robust and efficiently managed company with a strong ability to generate profits from its assets and capital structure.