CorVel Corp (CRVL)
Return on assets (ROA)
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 76,252 | 66,365 | 66,410 | 46,356 | 47,377 |
| Total assets | US$ in thousands | 454,679 | 393,923 | 415,246 | 424,760 | 416,260 |
| ROA | 16.77% | 16.85% | 15.99% | 10.91% | 11.38% |
March 31, 2024 calculation
ROA = Net income ÷ Total assets
= $76,252K ÷ $454,679K
= 16.77%
CorVel Corp's return on assets (ROA) has demonstrated a generally positive trend over the past five years. The company's ROA has fluctuated within a range of 10.91% to 16.85%. In the most recent fiscal year ending on March 31, 2024, CorVel Corp's ROA stood at 16.77%. This indicates that for every dollar of assets held by the company, it generated a net income of 16.77 cents. The consistency of CorVel Corp's ROA over the years suggests effective management of its assets to generate profits. Overall, the upward trajectory of the ROA indicates that CorVel Corp has been successful in generating profits relative to its asset base.