CorVel Balance Sheet Analysis From 2010 to 2024

CRVL Stock

USD 234.36 4.76 2.07%

Most indicators from CorVel Corp's financial ratios are interrelated and interconnected. However, analyzing financial ratios indicators 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 financial ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out CorVel Corp Valuation and CorVel Corp Correlation analysis.

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 Selling General Administrative is quite stable compared to the past year. Enterprise Value Over EBITDA is expected to rise to 36.32 this year, although the value of Tax Provision will most likely fall to about 12.6 M.

Most indicators from CorVel Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out CorVel Corp Valuation and CorVel Corp Correlation analysis.

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 Selling General Administrative is quite stable compared to the past year. Enterprise Value Over EBITDA is expected to rise to 36.32 this year, although the value of Tax Provision will most likely fall to about 12.6 M.

	2021	2022	2023	2024 (projected)
Gross Profit	152.1M	158.3M	182.0M	191.1M
Total Revenue	646.2M	718.6M	826.3M	867.7M

Gross Profit Total Revenue

CorVel Corp fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock	Other Assets	Good Will	Common Stock Total Equity
Total Assets		-0.17	0.36	0.98	0.98	0.94	-0.5	0.96	0.01	0.88	0.95	-0.6	0.88	0.69	0.04	0.59	0.76	-0.92	0.98	0.94	0.98	0.05	0.84	-0.19	0.4	0.62
Short Long Term Debt Total	-0.17		0.1	-0.31	-0.07	-0.15	0.07	-0.23	0.41	-0.24	-0.02	0.05	-0.24	0.28	0.57	0.01	-0.53	0.47	-0.26	-0.15	-0.25	0.45	0.23	0.19	0.72	0.5
Other Current Liab	0.36	0.1		0.34	0.34	0.4	-0.05	0.29	0.68	0.25	0.45	-0.45	0.25	0.37	0.18	0.38	0.19	-0.38	0.36	0.4	0.29	-0.2	0.52	-0.13	0.43	0.54
Total Current Liabilities	0.98	-0.31	0.34		0.96	0.88	-0.51	0.98	-0.01	0.84	0.89	-0.6	0.84	0.64	0.01	0.46	0.79	-0.94	0.96	0.88	0.99	0.02	0.79	-0.2	0.3	0.56
Total Stockholder Equity	0.98	-0.07	0.34	0.96		0.86	-0.61	0.96	0.05	0.87	0.9	-0.63	0.87	0.75	0.11	0.45	0.68	-0.85	0.93	0.86	0.98	0.16	0.87	-0.19	0.49	0.7
Property Plant And Equipment Net	0.94	-0.15	0.4	0.88	0.86		-0.22	0.86	0.04	0.78	0.98	-0.49	0.78	0.6	0.0	0.81	0.77	-0.89	0.97	1.0	0.87	-0.07	0.79	-0.13	0.32	0.52
Net Debt	-0.5	0.07	-0.05	-0.51	-0.61	-0.22		-0.47	0.2	-0.74	-0.26	0.34	-0.74	-0.45	0.1	0.13	-0.16	0.33	-0.39	-0.22	-0.61	-0.33	-0.37	0.11	-0.32	-0.36
Retained Earnings	0.96	-0.23	0.29	0.98	0.96	0.86	-0.47		0.0	0.77	0.88	-0.61	0.77	0.68	0.09	0.41	0.79	-0.91	0.93	0.86	0.96	0.07	0.83	-0.19	0.37	0.63
Accounts Payable	0.01	0.41	0.68	-0.01	0.05	0.04	0.2	0.0		-0.19	0.13	-0.48	-0.19	0.19	0.47	0.1	-0.07	0.05	-0.03	0.04	-0.07	-0.2	0.34	-0.24	0.37	0.47
Cash	0.88	-0.24	0.25	0.84	0.87	0.78	-0.74	0.77	-0.19		0.75	-0.46	1.0	0.55	-0.16	0.51	0.58	-0.76	0.86	0.78	0.91	0.07	0.62	-0.15	0.26	0.41
Non Current Assets Total	0.95	-0.02	0.45	0.89	0.9	0.98	-0.26	0.88	0.13	0.75		-0.55	0.75	0.68	0.13	0.76	0.73	-0.86	0.96	0.98	0.87	0.0	0.88	-0.13	0.47	0.66
Non Currrent Assets Other	-0.6	0.05	-0.45	-0.6	-0.63	-0.49	0.34	-0.61	-0.48	-0.46	-0.55		-0.46	-0.44	-0.37	-0.27	-0.5	0.55	-0.55	-0.49	-0.6	0.42	-0.68	0.75	-0.35	-0.59
Cash And Short Term Investments	0.88	-0.24	0.25	0.84	0.87	0.78	-0.74	0.77	-0.19	1.0	0.75	-0.46		0.55	-0.16	0.51	0.58	-0.76	0.86	0.78	0.91	0.07	0.62	-0.15	0.26	0.41
Net Receivables	0.69	0.28	0.37	0.64	0.75	0.6	-0.45	0.68	0.19	0.55	0.68	-0.44	0.55		-0.04	0.32	0.27	-0.56	0.63	0.6	0.67	0.35	0.76	-0.08	0.76	0.87
Common Stock Shares Outstanding	0.04	0.57	0.18	0.01	0.11	0.0	0.1	0.09	0.47	-0.16	0.13	-0.37	-0.16	-0.04		-0.02	-0.06	0.13	-0.02	0.0	-0.01	0.0	0.38	-0.2	0.47	0.4
Non Current Liabilities Total	0.59	0.01	0.38	0.46	0.45	0.81	0.13	0.41	0.1	0.51	0.76	-0.27	0.51	0.32	-0.02		0.49	-0.56	0.69	0.81	0.47	-0.28	0.52	-0.11	0.19	0.27
Other Current Assets	0.76	-0.53	0.19	0.79	0.68	0.77	-0.16	0.79	-0.07	0.58	0.73	-0.5	0.58	0.27	-0.06	0.49		-0.83	0.8	0.77	0.73	-0.26	0.62	-0.22	-0.04	0.25
Other Stockholder Equity	-0.92	0.47	-0.38	-0.94	-0.85	-0.89	0.33	-0.91	0.05	-0.76	-0.86	0.55	-0.76	-0.56	0.13	-0.56	-0.83		-0.94	-0.89	-0.9	0.17	-0.7	0.22	-0.18	-0.43
Total Liab	0.98	-0.26	0.36	0.96	0.93	0.97	-0.39	0.93	-0.03	0.86	0.96	-0.55	0.86	0.63	-0.02	0.69	0.8	-0.94		0.97	0.95	-0.05	0.79	-0.18	0.31	0.53
Property Plant And Equipment Gross	0.94	-0.15	0.4	0.88	0.86	1.0	-0.22	0.86	0.04	0.78	0.98	-0.49	0.78	0.6	0.0	0.81	0.77	-0.89	0.97		0.87	-0.07	0.79	-0.13	0.32	0.52
Total Current Assets	0.98	-0.25	0.29	0.99	0.98	0.87	-0.61	0.96	-0.07	0.91	0.87	-0.6	0.91	0.67	-0.01	0.47	0.73	-0.9	0.95	0.87		0.07	0.78	-0.22	0.34	0.57
Short Term Debt	0.05	0.45	-0.2	0.02	0.16	-0.07	-0.33	0.07	-0.2	0.07	0.0	0.42	0.07	0.35	0.0	-0.28	-0.26	0.17	-0.05	-0.07	0.07		0.1	0.53	0.42	0.26
Common Stock	0.84	0.23	0.52	0.79	0.87	0.79	-0.37	0.83	0.34	0.62	0.88	-0.68	0.62	0.76	0.38	0.52	0.62	-0.7	0.79	0.79	0.78	0.1		-0.17	0.74	0.89
Other Assets	-0.19	0.19	-0.13	-0.2	-0.19	-0.13	0.11	-0.19	-0.24	-0.15	-0.13	0.75	-0.15	-0.08	-0.2	-0.11	-0.22	0.22	-0.18	-0.13	-0.22	0.53	-0.17		0.05	-0.12
Good Will	0.4	0.72	0.43	0.3	0.49	0.32	-0.32	0.37	0.37	0.26	0.47	-0.35	0.26	0.76	0.47	0.19	-0.04	-0.18	0.31	0.32	0.34	0.42	0.74	0.05		0.91
Common Stock Total Equity	0.62	0.5	0.54	0.56	0.7	0.52	-0.36	0.63	0.47	0.41	0.66	-0.59	0.41	0.87	0.4	0.27	0.25	-0.43	0.53	0.52	0.57	0.26	0.89	-0.12	0.91

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CorVel Corp Account Relationship Matchups

CorVel Corp fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	416.3M	424.8M	415.2M	393.9M	453.0M	475.7M
Other Current Liab	37.5M	57.1M	48.0M	35.7M	41.0M	24.0M
Net Debt	1.9M	(97.8M)	(54.4M)	(47.5M)	(42.7M)	(40.6M)
Retained Earnings	552.5M	598.9M	665.3M	731.7M	841.4M	883.5M
Accounts Payable	16.4M	13.6M	14.4M	15.3M	17.6M	11.8M
Cash	83.2M	139.7M	97.5M	71.3M	82.0M	86.1M
Net Receivables	76.8M	64.7M	82.6M	81.0M	93.2M	49.1M
Other Current Assets	60.0B	64.5B	84.9M	91.4B	105.1B	110.4B
Total Liab	226.5M	204.4M	202.9M	191.7M	220.5M	231.5M
Total Current Assets	209.0M	268.9M	265.0M	243.8M	280.3M	294.4M
Short Term Debt	13.2M	12.8M	13.3M	9.9M	11.4M	14.5M
Other Assets	756K	1.3M	958K	481K	553.2K	525.5K
Good Will	40.7M	39.9M	39.0M	39.7M	35.7M	33.9M
Intangible Assets	2.5M	2.1M	1.7M	1.2M	1.1M	1.1M
Inventory	(7.2M)	(60.0B)	(64.4B)	(91.3B)	(82.2B)	(78.1B)
Net Tangible Assets	150.4M	153.6M	173.9M	164.1M	188.7M	130.5M
Capital Surpluse	168.9M	185.9M	201.6M	218.7M	251.5M	165.0M
Other Liab	4.8M	6.3M	7.8M	1.7M	1.5M	1.4M
Net Invested Capital	189.7M	220.4M	212.4M	202.2M	232.5M	218.3M
Net Working Capital	75.3M	106.5M	93.6M	75.9M	87.3M	94.5M

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 against CorVel Stock

0.42

VREX

Varex Imaging Corp Financial Report 7th of May 2024

Pair Corr

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 Correlation Correlation 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:

How To Invest In CorVel

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Is CorVel Stock a good investment?

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What is CorVel Corp's Net Worth?

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Check out CorVel Corp Valuation and CorVel Corp Correlation analysis.

For more information on how to buy CorVel Stock please use our How to buy in CorVel Stock guide.

You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.

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

4.31

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.

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CorVel Balance Sheet Analysis From 2010 to 2024

CorVel Corp fundamental ratios Correlations

CorVel Corp Account Relationship Matchups

High Positive Relationship

High Negative Relationship

CorVel Corp fundamental ratios Accounts

Pair Trading with CorVel Corp

Moving against CorVel Stock

Complementary Tools for CorVel Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Total Current Assets	+ 0.99	Total Current Liabilities
Total Current Liabilities	+ 0.98	Total Assets
Total Stockholder Equity	+ 0.98	Total Assets
Total Liab	+ 0.98	Total Assets

Total Liab	- 0.94	Other Stockholder Equity
Other Stockholder Equity	- 0.94	Total Current Liabilities
Other Stockholder Equity	- 0.92	Total Assets
Other Stockholder Equity	- 0.91	Retained Earnings
Total Current Assets	- 0.9	Other Stockholder Equity
Property Plant And Equipment Gross	- 0.89	Other Stockholder Equity