Capex-to-Operating-Income measures a company's investments in physical assets such as property, industrial buildings or equipment to its operating income.
Hence, CorVel's Capex-to-Operating-Income for the
three
months ended in Dec. 2023 was 0.31.
CorVel Capex-to-Operating-Income Historical Data
The historical data trend for CorVel's Capex-to-Operating-Income 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.
Competitive Comparison of CorVel's Capex-to-Operating-Income
For the Insurance Brokers subindustry, CorVel's Capex-to-Operating-Income, along with its competitors' market caps and Capex-to-Operating-Income 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 Capex-to-Operating-Income Distribution in the Insurance Industry
For the Insurance industry and Financial Services sector, CorVel's Capex-to-Operating-Income distribution charts can be found below:
* The bar in red indicates where CorVel's Capex-to-Operating-Income falls into.
CorVel Capex-to-Operating-Income Calculation
CorVel's Capex-to-Operating-Income for the fiscal year that ended in Mar. 2023 is calculated as
* 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.
Capex-to-Operating-Income assesses how much emphasis a company is placing upon investing in capital-intensive projects. The ratio is generally a good gauge to quantify how much focus on growth a company has. Typically, smaller companies that are still growing and expanding will have a higher Capex to Operating Income Ratio, since such businesses are likely investing more in physical assets. Lower ratios could indicate that a company has reached maturity and it is no longer pursuing aggressive growth.
CorVel Capex-to-Operating-Income Related Terms
Thank you for viewing the detailed overview of CorVel's Capex-to-Operating-Income provided by GuruFocus.com. Please click on the following links to see related term pages.
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.
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