CorVel Corp (CRVL)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	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	189,711	193,365	200,816	203,817
ROE		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%	24.97%	24.55%	24.11%	23.71%

March 31, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $76,252K ÷ $247,647K
= 30.79%

CorVel Corp's return on equity (ROE) has shown a generally positive trend over the periods presented in the data table. The ROE increased from 23.71% in the second quarter of 2019 to a peak of 34.82% in the fourth quarter of 2022 before experiencing slight fluctuations.

The company's ROE has consistently remained above 20% since the first quarter of 2020, indicating strong profitability relative to shareholders' equity during these periods.

CorVel Corp's ability to generate higher returns on equity implies efficient utilization of shareholder funds to generate profits. The sustained high ROE levels suggest effective management of assets and efficient operations in delivering value to shareholders.

Overall, the trend in CorVel Corp's ROE reflects a company with a strong profitability position and effective management of its resources to generate returns for its shareholders.