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Corvel Corporation  (CRVL)
Other Ticker:  
 
    Sector  Financial    Industry Insurance Brokerage
   Industry Insurance Brokerage
   Sector  Financial

Corvel's Working Capital Ratio

CRVL's quarterly Working Capital Ratio and Current Assets, Current Liabilities growth


Corvel's Current Assets grew by 5.2 % in the II Quarter 2023 sequentially, while Current Liabilities decreased, this led to improvement in Corvel's Working Capital Ratio to 1.51, Working Capital Ratio remained below Corvel Corporation average.

Within Insurance Brokerage industry 10 other companies have achieved higher Working Capital Ratio than Corvel in second quarter 2023. While Working Capital Ratio total ranking has improved so far during the II Quarter 2023 to 2633, from total ranking in the first quarter 2023 at 2758.

Explain Working Capital Ratio
How much in Current Assets CRVL´s has?
What is the value of CRVL´s Current Liabilities?


CRVL Working Capital Ratio (Sep 30 2023)
II. Quarter
(Jun 30 2023)
I. Quarter
(Mar 31 2023)
IV. Quarter
(Dec 31 2022)
III. Quarter
(Sep 30 2022)
II. Quarter
Y / Y Current Liabilities Change 6.26 % 3.49 % -2.03 % 9.32 % 7.91 %
Y / Y Current Assets Change 13.48 % 2.81 % -8.01 % -4.44 % -8.7 %
Working Capital Ratio MRQ 1.51 1.43 1.45 1.38 1.42
CRVL's Total Ranking # 2633 # 2758 # 2723 # 1632 # 3121
Seq. Current Liabilities Change -0.66 % 11.82 % -9.94 % 6.22 % -3.25 %
Seq. Current Assets Change 5.2 % 9.92 % -5.05 % 3.37 % -4.7 %



Working Capital Ratio second quarter 2023 Company Ranking
Within: No.
Insurance Brokerage Industry # 11
Financial Sector # 297
Overall Market # 2633


Working Capital Ratio Statistics
High Average Low
2.87 1.94 1.38
(Sep 30 2012)   (Dec 31 2022)




Financial Statements
Corvel's Current Liabilities $ 186 Millions Visit CRVL's Balance sheet
Corvel's Current Assets $ 282 Millions Visit CRVL's Balance sheet
Source of CRVL's Sales Visit CRVL's Sales by Geography


Cumulative Corvel's Working Capital Ratio

CRVL's Working Capital Ratio for the trailling 12 Months

CRVL Working Capital Ratio

(Sep 30 2023)
II. Quarter
(Jun 30 2023)
I. Quarter
(Mar 31 2023)
IV. Quarter
(Dec 31 2022)
III. Quarter
(Sep 30 2022)
II. Quarter
Y / Y Current Liabilities TTM Growth 6.26 % 3.49 % -2.03 % 9.32 % 7.91 %
Y / Y Current Assets TTM Growth 13.48 % 2.81 % -8.01 % -4.44 % -8.7 %
Working Capital Ratio TTM 1.44 1.42 1.42 1.44 1.49
Total Ranking TTM # 2274 # 743 # 1244 # 2997 # 2251
Seq. Current Liabilities TTM Growth -0.66 % 11.82 % -9.94 % 6.22 % -3.25 %
Seq. Current Assets TTM Growth 5.2 % 9.92 % -5.05 % 3.37 % -4.7 %


On the trailing twelve months basis CRVL Current Assets increased by 13.48 % in II Quarter 2023 year on year, faster than Current Liabilities, this led to increase in in Corvel's Working Capital Ratio to 1.44, Working Capital Ratio remained below CRVL average.
Working Capital Ratio is the average cumulative value over the last four quarters.

Among companies operating within Insurance Brokerage industry 3 other companies have achieved higher Working Capital Ratio than Corvel. While Working Capital Ratio total ranking has deteriorated compared to the previous twelve months ending in the first quarter 2023 from 743 to 2274.

Explain Working Capital Ratio
How much in Current Assets CRVL´s has?
What is the value of CRVL´s Current Liabilities?

TTM Working Capital Ratio Company Ranking
Within: No.
Within the Insurance Brokerage Industry # 4
Financial Sector # 68
Within the Market # 2274


trailing twelve months Working Capital Ratio Statistics
High Average Low
1.79 1.61 1.42
(Mar 31 2019)   (Jun 30 2023)




Companies with similar Working Capital Ratio in the quarter ending Sep 30 2023, within Insurance Brokerage Industry Working Capital RatioSep 30 2023 MRQ Current AssetsSep 30 2023 MRQ Current Liabilities
Brp Group Inc   2.71 $ 802.123  Millions$ 296.418  Millions
Selectquote Inc   2.49 $ 341.089  Millions$ 136.746  Millions
Stewart Information Services Corp  1.95 $ 346.282  Millions$ 177.180  Millions
Goosehead Insurance Inc   1.74 $ 67.980  Millions$ 38.967  Millions
Equitable Financial Life Insurance Company  1.66 $ 26,860.000  Millions$ 16,195.000  Millions
Crawford and Co  1.64 $ 379.991  Millions$ 231.403  Millions
Gohealth Inc   1.59 $ 346.320  Millions$ 217.775  Millions
Corvel Corporation  1.51 $ 281.875  Millions$ 186.499  Millions
Enact Holdings Inc   1.47 $ 738.214  Millions$ 501.093  Millions
Hagerty Inc   1.40 $ 1,248.784  Millions$ 890.625  Millions
First American Financial Corporation  1.37 $ 8,806.300  Millions$ 6,432.200  Millions
Erie Indemnity Company  1.28 $ 873.826  Millions$ 680.913  Millions
Ryan Specialty Holdings Inc   1.20 $ 3,586.424  Millions$ 2,981.837  Millions
Equitable Holdings Inc   1.14 $ 22,163.000  Millions$ 19,422.000  Millions
Marsh and Mclennan Companies Inc   1.08 $ 22,279.000  Millions$ 20,605.000  Millions
Brown and Brown Inc   1.06 $ 4,845.200  Millions$ 4,590.500  Millions
Willis Towers Watson Plc  1.05 $ 11,834.000  Millions$ 11,305.000  Millions
Arthur J Gallagher and Co   1.04 $ 35,937.700  Millions$ 34,473.900  Millions
Roadzen Inc   0.96 $ 51.398  Millions$ 53.355  Millions
Argo Group International Holdings Ltd   0.75 $ 4,112.300  Millions$ 5,509.300  Millions

Date modified: 2023-11-03T16:01:13+00:00



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