Gross-Profit-to-Asset % is calculated as Gross Profit divided by its average Total Assets over a certain period of time. CorVel's annualizedGross Profit for the quarter that ended in Dec. 2023 was $168.6 Mil.
CorVel's average Total Assets over the quarter that ended in Dec. 2023 was $439.6 Mil. Therefore, CorVel's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2023 was 38.37%.
CorVel Gross-Profit-to-Asset % Historical Data
The historical data trend for CorVel's Gross-Profit-to-Asset % 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 Gross-Profit-to-Asset %
For the Insurance Brokers subindustry, CorVel's Gross-Profit-to-Asset %, along with its competitors' market caps and Gross-Profit-to-Asset % 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 Gross-Profit-to-Asset % Distribution in the Insurance Industry
For the Insurance industry and Financial Services sector, CorVel's Gross-Profit-to-Asset % distribution charts can be found below:
* The bar in red indicates where CorVel's Gross-Profit-to-Asset % falls into.
CorVel Gross-Profit-to-Asset % Calculation
CorVel's annualized Gross-Profit-to-Asset % 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.
In the calculation of annual Gross-Profit-to-Asset %, the Gross Profit of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data,
the Gross Profit data used here is four times the quarterly (Dec. 2023) data.
Gross-Profit-to-Asset % is displayed in the 30-year financial page.
CorVel Gross-Profit-to-Asset % Related Terms
Thank you for viewing the detailed overview of CorVel's Gross-Profit-to-Asset % 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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