CorVel Capital Expenditures vs Net Income Analysis
CRVL Stock | USD 352.58 0.72 0.20% |
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 Capital Expenditures and its Net Income 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.
Capital Expenditures vs Net Income
Capital Expenditures vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of CorVel Corp Capital Expenditures account and Net Income. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between CorVel Corp's Capital Expenditures and Net Income is 0.47. Overlapping area represents the amount of variation of Capital Expenditures that can explain the historical movement of Net Income 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 Capital Expenditures and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Expenditures of CorVel Corp are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Capital Expenditures i.e., CorVel Corp's Capital Expenditures and Net Income go up and down completely randomly.
Correlation Coefficient | 0.47 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Capital Expenditures
Capital Expenditures are funds used by CorVel Corp to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of CorVel Corp operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in CorVel Corp financial statement analysis. It represents the amount of money remaining after all of CorVel Corp operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.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 | 171.7M | 180.3M | Total Revenue | 646.2M | 718.6M | 795.3M | 835.1M |
CorVel Corp fundamental ratios Correlations
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CorVel Corp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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 | (10.9B) | 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 | 15.1M | 12.4M | 14.1M | 15.1M | 16.4M | 10.6M | |
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 | (33.3M) | 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 | 65.8M | 64.7M | 82.6M | 81.0M | 97.1M | 49.7M | |
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 | 454.7M | 477.4M | |
Non Current Liabilities Total | 92.9M | 41.9M | 31.5M | 23.9M | 22.5M | 12.9M | |
Other Current Assets | 60.0M | 64.5M | 12.8M | 9.6M | 99.6M | 104.5M | |
Other Stockholder Equity | (362.8M) | (378.5M) | (452.9M) | (529.5M) | (560.3M) | (532.3M) | |
Total Liab | 226.5M | 204.4M | 202.9M | 191.7M | 207.0M | 217.4M | |
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) | 1.0 | 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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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.