CorVel Corp (CRVL)

Return on assets (ROA)

		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
Net income (ttm)	US$ in thousands	76,252	74,967	74,721	69,479	66,365	67,833	64,842	66,258	66,410	61,582	59,104	54,897	46,356	43,294	41,266	42,272	47,377	47,468	48,414	48,332
Total assets	US$ in thousands	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	416,260	422,080	426,769	427,864
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%

March 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $76,252K ÷ $454,679K
= 16.77%

CorVel Corp's return on assets (ROA) has shown a generally positive trend over the past few quarters, indicating that the company's ability to generate profits from its assets has been improving. The ROA has consistently remained above 10% since at least June 2020, suggesting efficient asset utilization.

The ROA peaked at 17.21% in September 2023, reflecting strong profitability relative to the total assets employed during that period. Subsequently, there was a slight dip in the ROA in the following quarters but remained above 15%, indicating continued effectiveness in generating earnings from assets.

The most recent ROA figure of 16.77% as of March 31, 2024, suggests that CorVel Corp is still performing well in terms of asset productivity. Overall, the increasing trend in ROA indicates that the company has been able to enhance its operational efficiency and profitability over time, which may be considered a positive indicator of financial health.