CorVel Operating Income vs Other Operating Expenses Analysis

CRVL Stock

USD 365.72 5.53 1.54%

CorVel Corp financial indicator trend analysis is way more than just evaluating CorVel Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CorVel Corp is a good investment. Please check the relationship between CorVel Corp Operating Income and its Other Operating Expenses accounts. 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.

Operating Income vs Other Operating Expenses

Operating Income vs Other Operating Expenses Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of CorVel Corp Operating Income account and Other Operating Expenses. At this time, the significance of the direction appears to have very strong relationship.

The correlation between CorVel Corp's Operating Income and Other Operating Expenses is 0.88. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Other Operating Expenses in the same time period over historical financial statements of CorVel Corp, assuming nothing else is changed. The correlation between historical values of CorVel Corp's Operating Income and Other Operating Expenses is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of CorVel Corp are associated (or correlated) with its Other Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Operating Expenses has no effect on the direction of Operating Income i.e., CorVel Corp's Operating Income and Other Operating Expenses go up and down completely randomly.

Correlation Coefficient

0.88

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Operating Income

Operating Income is the amount of profit realized from CorVel Corp operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of CorVel Corp is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

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 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 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 Enterprise Value Over EBITDA is quite stable compared to the past year. Enterprise Value Multiple is expected to rise to 37.40 this year, although the value of Tax Provision will most likely fall to about 17.7 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

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		-0.2	0.62	0.98	0.98	0.91	-0.64	0.97	-0.02	0.92	0.92	-0.3	0.92	0.71	0.08	0.5	0.25	-0.92	0.98	0.78	0.98	0.03	0.7	-0.31	0.29	0.62
Short Long Term Debt Total	-0.2		-0.36	-0.32	-0.13	-0.12	0.21	-0.25	0.44	-0.32	0.02	0.12	-0.32	0.28	0.49	0.07	0.21	0.5	-0.29	-0.39	-0.3	0.46	0.4	0.32	0.8	0.5
Other Current Liab	0.62	-0.36		0.66	0.65	0.46	-0.38	0.69	0.15	0.51	0.48	-0.01	0.51	0.24	0.34	0.07	-0.07	-0.7	0.63	0.93	0.66	-0.22	0.2	-0.4	-0.07	0.36
Total Current Liabilities	0.98	-0.32	0.66		0.97	0.85	-0.68	0.98	-0.03	0.9	0.86	-0.33	0.9	0.67	0.04	0.38	0.11	-0.95	0.96	0.79	0.99	0.01	0.62	-0.33	0.2	0.57
Total Stockholder Equity	0.98	-0.13	0.65	0.97		0.83	-0.74	0.97	0.02	0.9	0.86	-0.26	0.9	0.74	0.17	0.35	0.11	-0.86	0.93	0.78	0.98	0.12	0.7	-0.32	0.36	0.69
Property Plant And Equipment Net	0.91	-0.12	0.46	0.85	0.83		-0.33	0.82	0.03	0.79	0.98	-0.26	0.79	0.63	0.0	0.79	0.59	-0.84	0.95	0.67	0.83	-0.06	0.71	-0.19	0.28	0.52
Net Debt	-0.64	0.21	-0.38	-0.68	-0.74	-0.33		-0.66	0.23	-0.8	-0.36	0.15	-0.8	-0.47	0.02	0.15	0.39	0.5	-0.54	-0.44	-0.75	-0.25	-0.36	0.24	-0.16	-0.41
Retained Earnings	0.97	-0.25	0.69	0.98	0.97	0.82	-0.66		-0.01	0.84	0.85	-0.26	0.84	0.71	0.13	0.31	0.09	-0.93	0.94	0.82	0.97	0.07	0.65	-0.34	0.28	0.64
Accounts Payable	-0.02	0.44	0.15	-0.03	0.02	0.03	0.23	-0.01		-0.22	0.13	-0.06	-0.22	0.17	0.53	0.1	0.02	0.08	-0.06	-0.04	-0.09	-0.18	0.38	-0.19	0.38	0.46
Cash	0.92	-0.32	0.51	0.9	0.9	0.79	-0.8	0.84	-0.22		0.77	-0.28	1.0	0.54	-0.1	0.42	0.15	-0.81	0.9	0.68	0.94	0.02	0.52	-0.27	0.1	0.42
Non Current Assets Total	0.92	0.02	0.48	0.86	0.86	0.98	-0.36	0.85	0.13	0.77		-0.24	0.77	0.71	0.15	0.74	0.53	-0.81	0.93	0.66	0.83	0.02	0.82	-0.19	0.44	0.67
Non Currrent Assets Other	-0.3	0.12	-0.01	-0.33	-0.26	-0.26	0.15	-0.26	-0.06	-0.28	-0.24		-0.28	-0.28	0.07	-0.16	0.07	0.3	-0.29	-0.02	-0.31	0.14	-0.1	0.22	-0.07	-0.15
Cash And Short Term Investments	0.92	-0.32	0.51	0.9	0.9	0.79	-0.8	0.84	-0.22	1.0	0.77	-0.28		0.54	-0.1	0.42	0.15	-0.81	0.9	0.68	0.94	0.02	0.52	-0.27	0.1	0.42
Net Receivables	0.71	0.28	0.24	0.67	0.74	0.63	-0.47	0.71	0.17	0.54	0.71	-0.28	0.54		0.02	0.33	0.15	-0.56	0.63	0.38	0.66	0.33	0.77	-0.14	0.69	0.87
Common Stock Shares Outstanding	0.08	0.49	0.34	0.04	0.17	0.0	0.02	0.13	0.53	-0.1	0.15	0.07	-0.1	0.02		-0.1	-0.11	0.05	0.02	0.19	0.05	-0.01	0.37	-0.22	0.51	0.47
Non Current Liabilities Total	0.5	0.07	0.07	0.38	0.35	0.79	0.15	0.31	0.1	0.42	0.74	-0.16	0.42	0.33	-0.1		0.88	-0.43	0.59	0.27	0.35	-0.25	0.52	-0.06	0.19	0.26
Other Current Assets	0.25	0.21	-0.07	0.11	0.11	0.59	0.39	0.09	0.02	0.15	0.53	0.07	0.15	0.15	-0.11	0.88		-0.17	0.35	0.16	0.1	-0.09	0.28	0.15	0.11	0.06
Other Stockholder Equity	-0.92	0.5	-0.7	-0.95	-0.86	-0.84	0.5	-0.93	0.08	-0.81	-0.81	0.3	-0.81	-0.56	0.05	-0.43	-0.17		-0.95	-0.82	-0.92	0.19	-0.51	0.4	-0.03	-0.42
Total Liab	0.98	-0.29	0.63	0.96	0.93	0.95	-0.54	0.94	-0.06	0.9	0.93	-0.29	0.9	0.63	0.02	0.59	0.35	-0.95		0.81	0.95	-0.07	0.64	-0.31	0.19	0.53
Property Plant And Equipment Gross	0.78	-0.39	0.93	0.79	0.78	0.67	-0.44	0.82	-0.04	0.68	0.66	-0.02	0.68	0.38	0.19	0.27	0.16	-0.82	0.81		0.8	-0.16	0.29	-0.38	-0.05	0.38
Total Current Assets	0.98	-0.3	0.66	0.99	0.98	0.83	-0.75	0.97	-0.09	0.94	0.83	-0.31	0.94	0.66	0.05	0.35	0.1	-0.92	0.95	0.8		0.04	0.6	-0.36	0.2	0.56
Short Term Debt	0.03	0.46	-0.22	0.01	0.12	-0.06	-0.25	0.07	-0.18	0.02	0.02	0.14	0.02	0.33	-0.01	-0.25	-0.09	0.19	-0.07	-0.16	0.04		0.17	0.54	0.45	0.25
Common Stock	0.7	0.4	0.2	0.62	0.7	0.71	-0.36	0.65	0.38	0.52	0.82	-0.1	0.52	0.77	0.37	0.52	0.28	-0.51	0.64	0.29	0.6	0.17		-0.13	0.8	0.88
Other Assets	-0.31	0.32	-0.4	-0.33	-0.32	-0.19	0.24	-0.34	-0.19	-0.27	-0.19	0.22	-0.27	-0.14	-0.22	-0.06	0.15	0.4	-0.31	-0.38	-0.36	0.54	-0.13		0.13	-0.16
Good Will	0.29	0.8	-0.07	0.2	0.36	0.28	-0.16	0.28	0.38	0.1	0.44	-0.07	0.1	0.69	0.51	0.19	0.11	-0.03	0.19	-0.05	0.2	0.45	0.8	0.13		0.86
Common Stock Total Equity	0.62	0.5	0.36	0.57	0.69	0.52	-0.41	0.64	0.46	0.42	0.67	-0.15	0.42	0.87	0.47	0.26	0.06	-0.42	0.53	0.38	0.56	0.25	0.88	-0.16	0.86

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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	454.7M	477.4M
Other Current Liab	37.5M	57.1M	48.0M	35.7M	159.0M	167.0M
Total Current Liabilities	133.7M	162.5M	171.4M	167.9M	184.5M	193.7M
Total Stockholder Equity	189.7M	220.4M	212.4M	202.2M	247.6M	260.0M
Property Plant And Equipment Net	166.6M	115.9M	111.3M	110.5M	110.0M	115.4M
Net Debt	1.9M	(97.8M)	(54.4M)	(47.5M)	(74.2M)	(70.5M)
Retained Earnings	552.5M	598.9M	665.3M	731.7M	807.9M	848.3M
Accounts Payable	16.4M	12.4M	14.1M	15.1M	16.4M	11.9M
Cash	83.2M	139.7M	97.5M	71.3M	105.6M	110.8M
Non Current Assets Total	207.3M	155.8M	150.3M	150.2M	152.4M	160.1M
Non Currrent Assets Other	1.3M	345K	(21.6M)	1.4M	1.3M	1.4M
Cash And Short Term Investments	83.2M	139.7M	97.5M	71.3M	105.6M	110.8M
Net Receivables	76.8M	64.7M	82.6M	81.0M	97.1M	50.8M
Common Stock Shares Outstanding	18.6M	18.2M	18.1M	17.6M	17.3M	24.8M
Liabilities And Stockholders Equity	416.3M	424.8M	415.2M	393.9M	474.4M	498.1M
Non Current Liabilities Total	92.9M	41.9M	31.5M	23.9M	22.5M	12.9M
Other Current Assets	60.0B	64.5M	12.8M	9.6M	99.6M	94.6M
Other Stockholder Equity	(365.8M)	(378.5M)	(452.9M)	(529.5M)	(560.3M)	(532.3M)
Total Liab	226.5M	204.4M	202.9M	191.7M	226.8M	238.1M
Property Plant And Equipment Gross	166.6M	115.9M	111.3M	110.5M	332.9M	349.6M
Total Current Assets	209.0M	268.9M	265.0M	243.8M	302.2M	317.3M
Short Term Debt	13.2M	12.8M	13.3M	9.9M	8.9M	14.0M
Other Assets	1.3M	958K	481K	1.0	0.9	0.86
Intangible Assets	2.5M	2.1M	1.7M	1.2M	821K	780.0K
Property Plant Equipment	75.9M	88.0M	76.3M	82.8M	95.2M	50.3M
Current Deferred Revenue	66.6M	79.0M	95.6M	107M	30.0M	53.3M
Inventory	(7.2M)	(60.0B)	2.0	(91.3B)	(82.2B)	(78.1B)
Net Tangible Assets	150.4M	153.6M	173.9M	164.1M	188.7M	130.5M
Retained Earnings Total Equity	552.5M	598.9M	665.3M	731.7M	841.4M	513.9M
Capital Surpluse	168.9M	185.9M	201.6M	218.7M	251.5M	165.0M
Deferred Long Term Liab	4.8M	6.3M	7.8M	1.7M	1.5M	1.4M
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	247.6M	226.0M
Net Working Capital	75.3M	106.5M	93.6M	75.9M	117.7M	99.5M

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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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Largest Health Care Providers & Services Companies

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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.

You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.

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.

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CorVel Operating Income vs Other Operating Expenses Analysis

Operating Income vs Other Operating Expenses

Operating Income vs Other Operating Expenses Correlation Analysis

Correlation Coefficient

Operating Income

Other Operating Expenses

CorVel Corp fundamental ratios Correlations

CorVel Corp Account Relationship Matchups

High Positive Relationship

High Negative Relationship

CorVel Corp fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

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 Current Assets	+ 0.98	Total Assets

Total Liab	- 0.95	Other Stockholder Equity
Other Stockholder Equity	- 0.95	Total Current Liabilities
Other Stockholder Equity	- 0.93	Retained Earnings
Total Current Assets	- 0.92	Other Stockholder Equity
Other Stockholder Equity	- 0.92	Total Assets
Other Stockholder Equity	- 0.86	Total Stockholder Equity