CorVel Corp (CRVL)
Return on total capital
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | — | 95,101 | 84,554 | 84,512 | 59,175 |
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 321,987,000 | 247,647 | 202,176 | 212,395 | 220,402 |
| Return on total capital | 0.00% | 38.40% | 41.82% | 39.79% | 26.85% |
March 31, 2025 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $321,987,000K)
= 0.00%
The return on total capital for CorVel Corp has shown a positive trend over the past five years, starting at 26.85% as of March 31, 2021, and increasing to 41.82% by March 31, 2023. However, there was a slight decline to 38.40% as of March 31, 2024. Notably, the return on total capital dropped significantly to 0.00% as of March 31, 2025. This sudden decrease could indicate potential challenges or changes in the company's financial performance. It is important for stakeholders to analyze the underlying reasons for this decline to assess the company's operational efficiency and capital utilization in the most recent period.