CorVel Corp (CRVL)

Return on assets (ROA)

		Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	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
Net income (ttm)	US$ in thousands	95,165	88,200	81,524	78,024	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
Total assets	US$ in thousands	341,945	538,777	518,553	486,172	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
ROA		27.83%	16.37%	15.72%	16.05%	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%

March 31, 2025 calculation

ROA = Net income (ttm) ÷ Total assets
= $95,165K ÷ $341,945K
= 27.83%

Based on the data provided, CorVel Corp's Return on Assets (ROA) has shown a generally increasing trend over the period analyzed. The ROA has improved from 9.95% as of June 30, 2020, to 27.83% as of March 31, 2025.

The ROA indicates the company's ability to generate profits relative to its total assets. A higher ROA signifies more efficient asset utilization and better profitability. CorVel Corp's increasing ROA over the years reflects improved efficiency in generating profits from its assets.

It is important to note the significant spike in ROA to 27.83% as of March 31, 2025. This substantial increase could be attributed to various factors, such as improved operational efficiency, effective cost management, or potentially a one-time significant gain impacting the profitability for that period.

Overall, CorVel Corp's improving ROA trend suggests that the company has been effectively managing its assets to generate increasing returns for its shareholders. However, it is essential to continue monitoring future performance to ensure the sustainability of this positive trend.