CorVel (CorVel) Change In Receivables : $-11.3 Mil (TTM As of Dec. 2023)

View and export this data going back to 1991. Start your Free Trial

What is CorVel Change In Receivables?

CorVel's change in receivables for the quarter that ended in Dec. 2023 was $-6.4 Mil. It means CorVel's Accounts Receivable increased by $6.4 Mil from Sep. 2023 to Dec. 2023 .

CorVel's change in receivables for the fiscal year that ended in Mar. 2023 was $0.3 Mil. It means CorVel's Accounts Receivable declined by $0.3 Mil from Mar. 2022 to Mar. 2023 .

CorVel's Accounts Receivable for the quarter that ended in Dec. 2023 was $58.0 Mil.

Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed. CorVel's Days Sales Outstanding for the three months ended in Dec. 2023 was 26.14.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. CorVel's liquidation value for the three months ended in Dec. 2023 was $-61.0 Mil.

CorVel Change In Receivables Historical Data

The historical data trend for CorVel's Change In Receivables can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

CorVel Change In Receivables Chart

CorVel Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Change In Receivables

Get a 7-Day Free Trial

-8.27

3.96

-0.98

-18.02

0.34

CorVel Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Receivables	Get a 7-Day Free Trial															2.16	1.61	-3.58	-2.92	-6.43

CorVel Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-11.3 Mil.

CorVel (NAS:CRVL) Change In Receivables Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

CorVel's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	57.963	/	202.303	*	91
=	26.14

2. In Ben Graham's calculation of liquidation value, CorVel's accounts receivable are only considered to be worth 75% of book value:

CorVel's liquidation value for the quarter that ended in Dec. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	106.994	-	211.465	+	0.75 * 57.963	+	0.5 * 0
=	-61.0

CorVel Change In Receivables Related Terms

Thank you for viewing the detailed overview of CorVel's Change In Receivables provided by GuruFocus.com. Please click on the following links to see related term pages.

CorVel (CorVel) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » CorVel Corp (NAS:CRVL) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

5128 Apache Plume Road, Suite 400, Fort Worth, TX, USA, 76109

Website

https://www.corvel.com

CorVel Corp applies technology including artificial intelligence, machine learning and natural language processing to enhance the managing of episodes of care and the related health care costs. It partners with employers, third-party administrators, insurance companies and government agencies in managing worker's compensation and health, auto and liability services. The company's solutions combine integrated technologies with a human touch. CorVel's customized services, delivered locally, are backed by a national team to support clients as well as their customers and patients.

Executives

Brandon O'brien	officer: Chief Financial Officer	2010 MAIN STREET, SUITE 600, IRVINE CA 92614
V Gordon Clemons	director, officer: Chairman of the Board	2010 MAIN STREET, STE 600, IRVINE CA 92614
Steven J Hamerslag	director	PO BOX 7227, RANCHO SANTA FE CA 92067
Maxim Shishin	officer: Chief Information Officer	2010 MAIN STREET, SUITE 600, IRVINE CA 92614
Michael G Combs	officer: Chief Information Officer	2010 MAIN STREET, SUITE 600, IRVINE CA 92614
Jean Macino	director	2010 MAIN STREET, SUITE 600, IRVINE CA 92614
R Judd Jessup	director	30962 VIA SERENIDAD, COTO DE CAZA CA 92679
Mark E. Bertels	officer: EVP - Risk Management Services	1920 MAIN STREET, SUITE 900, IRVINE CA 92614
Corstar Holdings Inc	10 percent owner	2010 MAIN STREET STE 800, IRVINE CA 92614
Jennifer Yoss	officer: Vice President of Accounting	2010 MAIN STREET, SUITE 600, IRVINE CA 92614
Gregory A. Dorn	officer: Division President	1920 MAIN STREET, SUITE 900, IRVINE CA 92614
Jeffrey J Michael	director	2010 MAIN STREET STE 600, IRVINE CA 92614
Alan Hoops	director	2010 MAIN ST STE 600, IRVINE CA 92614
Diane Blaha	officer: Sr. VP of Sales & Account Mgmt	2010 MAIN STREET, SUITE 600, IRVINE CA 92614
Michael Saverien	officer: Exec. VP, Risk Mgmt. Services	2010 MAIN STREET, SUITE 600, IRVINE CA 92614