CorVel (CorVel) Days Payable : 8.57 (As of Dec. 2023)

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What is CorVel Days Payable?

CorVel's average Accounts Payable for the three months ended in Dec. 2023 was $15.0 Mil. CorVel's Cost of Goods Sold for the three months ended in Dec. 2023 was $160.1 Mil. Hence, CorVel's Days Payable for the three months ended in Dec. 2023 was 8.57.

The historical rank and industry rank for CorVel's Days Payable or its related term are showing as below:

CRVL' s Days Payable Range Over the Past 10 Years
Min: 8.41 Med: 11.04 Max: 14.78
Current: 9.01

During the past 13 years, CorVel's highest Days Payable was 14.78. The lowest was 8.41. And the median was 11.04.

CRVL's Days Payable is ranked worse than
85.71% of 49 companies
in the Insurance industry
Industry Median: 48.44 vs CRVL: 9.01

CorVel's Days Payable declined from Dec. 2022 (10.32) to Dec. 2023 (8.57). It may suggest that CorVel accelerated paying its suppliers.

CorVel Days Payable Historical Data

The historical data trend for CorVel's Days Payable 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 Days Payable Chart

CorVel Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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8.41

9.81

11.70

9.76

9.49

CorVel Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															10.32	9.46	9.14	8.99	8.57

Competitive Comparison of CorVel's Days Payable

For the Insurance Brokers subindustry, CorVel's Days Payable, along with its competitors' market caps and Days Payable 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 Days Payable Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, CorVel's Days Payable distribution charts can be found below:

* The bar in red indicates where CorVel's Days Payable falls into.

CorVel Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

CorVel's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (14.08	+	15.058)	/	2 )	/	560.303	*	365
=	14.569					/	560.303	*	365
=	9.49

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

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (15.148	+	14.925)	/	2 )	/	160.143	*	365 / 4
=	15.0365					/	160.143	*	365 / 4
=	8.57

CorVel Days Payable Related Terms

Thank you for viewing the detailed overview of CorVel's Days Payable 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 » Days Payable

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