CorVel (CorVel) Inventory-to-Revenue : 0.00 (As of Dec. 2023)

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What is CorVel Inventory-to-Revenue?

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. CorVel's Average Total Inventories for the quarter that ended in Dec. 2023 was $0.0 Mil. CorVel's Revenue for the three months ended in Dec. 2023 was $202.3 Mil. CorVel's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.00.

CorVel's Inventory-to-Revenue for the quarter that ended in Dec. 2023 stayed the same from Sep. 2023 (0.00) to Sep. 2023 (0.00)

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. CorVel's Days Inventory for the three months ended in Dec. 2023 was 0.00.

Inventory Turnover measures how fast the company turns over its inventory within a year.

CorVel Inventory-to-Revenue Historical Data

The historical data trend for CorVel's Inventory-to-Revenue 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.

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CorVel Inventory-to-Revenue Chart

CorVel Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory-to-Revenue

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CorVel Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory-to-Revenue	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of CorVel's Inventory-to-Revenue

For the Insurance Brokers subindustry, CorVel's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

CorVel's Inventory-to-Revenue Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, CorVel's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where CorVel's Inventory-to-Revenue falls into.

CorVel Inventory-to-Revenue Calculation

CorVel's Inventory-to-Revenue for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory-to-Revenue (A: Mar. 2023 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )	/	Revenue (A: Mar. 2023 )
=	( (0	+	0)	/	1 )	/	718.562
=	0					/	718.562
=	0.00

CorVel's Inventory-to-Revenue for the quarter that ended in Dec. 2023 is calculated as

	Inventory-to-Revenue (Q: Dec. 2023 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Revenue (Q: Dec. 2023 )
=	( (0	+	0)	/	1 )	/	202.303
=	0					/	202.303
=	0.00

CorVel (NAS:CRVL) Inventory-to-Revenue Explanation

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

More Related Terms:

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

CorVel's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	0	/	160.143	*	365 / 4
	=	0.00

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

CorVel's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	160.143	/	0
	=

CorVel Inventory-to-Revenue Related Terms

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CorVel (CorVel) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » CorVel Corp (NAS:CRVL) » Definitions » Inventory-to-Revenue

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