CorVel Corp (CRVL)
Return on assets (ROA)
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 95,165 | 76,252 | 66,365 | 66,410 | 46,356 |
| Total assets | US$ in thousands | 545,976,000 | 454,679 | 393,923 | 415,246 | 424,760 |
| ROA | 0.02% | 16.77% | 16.85% | 15.99% | 10.91% |
March 31, 2025 calculation
ROA = Net income ÷ Total assets
= $95,165K ÷ $545,976,000K
= 0.02%
CorVel Corp's return on assets (ROA) has shown a positive trend over the past few years. From March 31, 2021, to March 31, 2024, the ROA consistently increased from 10.91% to 16.77%, indicating that the company was effectively utilizing its assets to generate profits. However, there was a significant drop in ROA to 0.02% as of March 31, 2025. This could suggest a decrease in the company's ability to generate earnings relative to its assets in the most recent period. It would be important to further investigate the reasons behind this decline to understand the factors impacting CorVel Corp's ROA and its overall financial performance.