CorVel Corp (CRVL)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	321,987	300,850	282,772	263,873	247,647	233,530	222,569	206,980	202,176	194,805	197,833	205,628	212,395	214,927	223,795	229,539	220,402	209,873	202,400	198,092
ROE		29.56%	29.32%	28.83%	29.57%	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%

March 31, 2025 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $95,165K ÷ $321,987K
= 29.56%

CorVel Corp's return on equity (ROE) has shown a general upward trend over the past few years, indicating an improvement in the company's profitability in relation to its shareholders' equity. The ROE was 21.34% as of June 30, 2020, and steadily increased to 29.56% as of March 31, 2025.

The company's ROE peaked at 34.82% on December 31, 2022, suggesting a period of exceptional return generation. However, there was a slight decline in ROE in the subsequent quarters, falling to 28.83% on September 30, 2024, before increasing again.

Overall, CorVel Corp's ROE performance demonstrates a positive trend, with the company effectively utilizing shareholders' equity to generate profits. It is worth noting that maintaining a consistently high ROE indicates efficient management and strong financial performance, which can be attractive to investors and stakeholders.