CorVel Historical Income Statement
CRVL Stock | USD 365.72 5.53 1.54% |
Historical analysis of CorVel Corp income statement accounts such as Interest Expense of 30.3 M, Selling General Administrative of 39.9 M or Total Revenue of 835.1 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.
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.
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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
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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 closely tied 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 EBITDA is quite stable compared to the past year. Cost Of Revenue is expected to rise to about 682.4 M this year, although the value of Selling General Administrative will most likely fall to about 39.9 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 152.1M | 158.3M | 145.4M | 78.6M | Total Revenue | 646.2M | 718.6M | 795.3M | 835.1M |
CorVel Corp income statement Correlations
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CorVel Corp Account Relationship Matchups
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CorVel Corp income statement Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Depreciation And Amortization | 22.5M | 23.4M | 23.9M | 25.1M | 26.3M | 13.6M | |
Interest Expense | 22.5M | 23.4M | 23.9M | 25.1M | 28.9M | 30.3M | |
Selling General Administrative | 65.2M | 64.4M | 67.6M | 73.7M | 76.6M | 39.9M | |
Total Revenue | 592.2M | 552.6M | 646.2M | 718.6M | 795.3M | 835.1M | |
Gross Profit | 125.9M | 123.6M | 152.1M | 158.3M | 145.4M | 78.6M | |
Other Operating Expenses | 531.5M | 493.5M | 561.7M | 634.0M | 700.2M | 735.2M | |
Operating Income | 38.2M | 35.7M | 60.6M | 59.4M | 95.1M | 99.9M | |
Ebit | 38.2M | 59.2M | 84.5M | 84.6M | 95.1M | 99.9M | |
Ebitda | 60.7M | 82.6M | 108.4M | 109.7M | 121.4M | 127.4M | |
Cost Of Revenue | 466.3M | 429.0M | 494.1M | 560.3M | 649.9M | 682.4M | |
Total Operating Expenses | 65.2M | 64.4M | 67.6M | 73.7M | 76.6M | 40.7M | |
Income Before Tax | 60.7M | 59.2M | 84.5M | 84.6M | 95.1M | 99.9M | |
Net Income | 47.4M | 46.4M | 66.4M | 66.4M | 76.3M | 80.1M | |
Income Tax Expense | 13.3M | 12.8M | 18.1M | 18.2M | 18.8M | 12.1M | |
Net Income Applicable To Common Shares | 47.4M | 46.4M | 66.4M | 66.4M | 76.3M | 80.1M | |
Net Income From Continuing Ops | 47.4M | 46.4M | 66.4M | 66.4M | 76.3M | 47.3M | |
Tax Provision | 13.3M | 12.8M | 18.1M | 18.2M | 18.8M | 17.7M | |
Reconciled Depreciation | 22.5M | 23.4M | 23.9M | 25.1M | 26.3M | 26.1M |
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Is Health Care Providers & Services space 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 0.174 | Earnings Share 4.72 | Revenue Per Share 49.398 | Quarterly Revenue Growth 0.148 | Return On Assets 0.1334 |
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.