CorVel Historical Income Statement

CRVL Stock  USD 258.61  1.89  0.74%   
Historical analysis of CorVel Corp income statement accounts such as Selling General Administrative of 89 M, Total Revenue of 867.7 M or Gross Profit of 191.1 M can show how well CorVel Corp performed in making a profits. Evaluating CorVel Corp income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of CorVel Corp's future profits or losses.
 
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Financial Statement Analysis is much more than just reviewing and examining CorVel Corp latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether CorVel Corp is a good buy for the upcoming year.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CorVel Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real.
For more information on how to buy CorVel Stock please use our How to buy in CorVel Stock guide.

About CorVel Income Statement Analysis

CorVel Corp Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to CorVel Corp shareholders. The income statement also shows CorVel investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

CorVel Corp Income Statement Chart

CorVel Corp Income Statement is one of the three primary financial statements used for reporting CorVel's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of CorVel Corp revenue and expense. CorVel Corp Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, CorVel Corp's Operating Income is quite stable compared to the past year. EBIT is expected to rise to about 71.8 M this year, although the value of Income Tax Expense will most likely fall to about 11.8 M.

Total Revenue

Total revenue comprises all receipts CorVel Corp generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of CorVel Corp minus its cost of goods sold. It is profit before CorVel Corp operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of CorVel Corp. It is also known as CorVel Corp overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.
Most accounts from CorVel Corp's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into CorVel Corp current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CorVel Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real.
For more information on how to buy CorVel Stock please use our How to buy in CorVel Stock guide.At this time, CorVel Corp's Operating Income is quite stable compared to the past year. EBIT is expected to rise to about 71.8 M this year, although the value of Income Tax Expense will most likely fall to about 11.8 M.
 2021 2022 2023 2024 (projected)
Gross Profit152.1M158.3M182.0M191.1M
Total Revenue646.2M718.6M826.3M867.7M

CorVel Corp income statement Correlations

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Click cells to compare fundamentals

CorVel Corp Account Relationship Matchups

CorVel Corp income statement Accounts

201920202021202220232024 (projected)
Depreciation And Amortization22.5M23.4M23.9M25.1M28.9M30.3M
Interest Expense22.5M23.4M(23.9M)(25.1M)(22.6M)(21.5M)
Selling General Administrative65.2M64.4M67.6M73.7M84.8M89.0M
Total Revenue592.2M552.6M646.2M718.6M826.3M867.7M
Gross Profit125.9M123.6M152.1M158.3M182.0M191.1M
Other Operating Expenses531.5M493.5M561.7M634.0M729.1M765.6M
Operating Income38.2M35.7M60.6M59.4M68.3M71.8M
Ebit38.2M35.7M60.6M59.4M68.3M71.8M
Ebitda60.7M59.2M84.5M84.6M97.2M102.1M
Cost Of Revenue466.3M429.0M494.1M560.3M644.3M676.6M
Total Operating Expenses65.2M64.4M67.6M73.7M84.8M89.0M
Income Before Tax60.7M59.2M84.5M84.6M97.2M102.1M
Net Income47.4M46.4M66.4M66.4M76.3M80.1M
Income Tax Expense13.3M12.8M18.1M18.2M20.9M11.8M
Net Income Applicable To Common Shares47.4M46.4M66.4M66.4M76.3M80.1M
Net Income From Continuing Ops47.4M46.4M66.4M66.4M76.3M44.3M
Tax Provision13.3M12.8M18.1M18.2M16.4M12.6M
Reconciled Depreciation22.5M23.4M23.9M25.1M28.9M25.6M

CorVel Corp Investors Sentiment

The influence of CorVel Corp's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in CorVel. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to CorVel Corp's public news can be used to forecast risks associated with an investment in CorVel. The trend in average sentiment can be used to explain how an investor holding CorVel can time the market purely based on public headlines and social activities around CorVel Corp. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
CorVel Corp's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for CorVel Corp's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average CorVel Corp's news discussions. The higher the estimated score, the more favorable is the investor's outlook on CorVel Corp.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards CorVel Corp in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, CorVel Corp's short interest history, or implied volatility extrapolated from CorVel Corp options trading.

Pair Trading with CorVel Corp

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if CorVel Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in CorVel Corp will appreciate offsetting losses from the drop in the long position's value.

Moving together with CorVel Stock

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The ability to find closely correlated positions to CorVel Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CorVel Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back CorVel Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling CorVel Corp to buy it.
The correlation of CorVel Corp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as CorVel Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CorVel Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for CorVel Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether CorVel Corp is a strong investment it is important to analyze CorVel Corp's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact CorVel Corp's future performance. For an informed investment choice regarding CorVel Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CorVel Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real.
For more information on how to buy CorVel Stock please use our How to buy in CorVel Stock guide.
You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.

Complementary Tools for CorVel Stock analysis

When running CorVel Corp's price analysis, check to measure CorVel Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy CorVel Corp is operating at the current time. Most of CorVel Corp's value examination focuses on studying past and present price action to predict the probability of CorVel Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CorVel Corp's price. Additionally, you may evaluate how the addition of CorVel Corp to your portfolios can decrease your overall portfolio volatility.
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Is CorVel Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of CorVel Corp. If investors know CorVel will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about CorVel Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.031
Earnings Share
4.3
Revenue Per Share
45.138
Quarterly Revenue Growth
0.128
Return On Assets
0.1394
The market value of CorVel Corp is measured differently than its book value, which is the value of CorVel that is recorded on the company's balance sheet. Investors also form their own opinion of CorVel Corp's value that differs from its market value or its book value, called intrinsic value, which is CorVel Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because CorVel Corp's market value can be influenced by many factors that don't directly affect CorVel Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between CorVel Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if CorVel Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CorVel Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.