Cavco Industries Inc (CVCO)
Days of inventory on hand (DOH)
| Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 5.67 | 5.93 | 5.84 | 5.91 | 6.03 | 7.46 | 6.65 | 5.52 | 4.99 | 5.38 | 5.21 | 6.14 | 6.62 | 7.57 | 7.34 | 7.77 | 7.32 | 7.38 | 6.80 | 6.46 | |
| DOH | days | 64.40 | 61.59 | 62.51 | 61.71 | 60.49 | 48.91 | 54.89 | 66.14 | 73.09 | 67.81 | 70.11 | 59.49 | 55.12 | 48.25 | 49.72 | 46.96 | 49.85 | 49.44 | 53.64 | 56.49 |
March 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.67
= 64.40
Over the past few quarters, Cavco Industries Inc has shown some fluctuations in its days of inventory on hand (DOH) ratio. The DOH ratio measures how many days it takes for the company to sell its inventory.
From December 2019 to March 2020, there was a slight increase in the DOH ratio from 49.44 days to 49.85 days, indicating a slightly longer turnover period for the inventory. This trend continued in June and September 2020, reaching 46.96 days and 49.72 days, respectively. However, there was a notable decrease in DOH to 48.25 days by December 2020, which continued to decline to 55.12 days by March 2021.
In the following quarters, there was a consistent decrease in the DOH ratio, reaching its lowest point in December 2021 at 48.91 days. However, from March 2022 to March 2023, there was an increasing trend in the DOH ratio, indicating a slower inventory turnover period.
The most recent data shows a DOH ratio of 64.40 days as of March 31, 2024, which is higher compared to the previous quarters. This suggests that Cavco Industries Inc may be holding onto its inventory for a longer period before selling it.
Overall, fluctuations in the DOH ratio can indicate shifts in inventory management efficiency, supply chain disruptions, seasonal variations, or changes in demand for the company's products. Investors and stakeholders may monitor this ratio closely to assess the company's operational performance and inventory management practices.