Cavco Industries Inc (CVCO)
Fixed asset turnover
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,507,100 | 1,926,318 | 1,851,047 | 1,795,616 | 1,793,892 | 1,851,054 | 1,904,888 | 2,030,250 | 2,142,713 | 2,171,812 | 2,102,923 | 1,885,074 | 1,627,158 | 1,428,181 | 1,285,239 | 1,183,672 | 1,108,051 | 1,056,884 | 1,041,834 | 1,052,533 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | — | — | 223,663 | 228,278 | 194,329 | 189,968 | 185,534 | 180,968 | 173,964 | 156,397 | 114,131 | 113,046 | 78,493 | 77,836 | 77,326 |
| Fixed asset turnover | — | — | — | — | — | — | — | 9.08 | 9.39 | 11.18 | 11.07 | 10.16 | 8.99 | 8.21 | 8.22 | 10.37 | 9.80 | 13.46 | 13.38 | 13.61 |
March 31, 2025 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,507,100K ÷ $—K
= —
The fixed asset turnover ratio measures how efficiently a company is utilizing its fixed assets to generate sales. A higher fixed asset turnover ratio indicates that the company is generating more revenue for each dollar invested in fixed assets.
Analyzing Cavco Industries Inc's fixed asset turnover ratio over the past few quarters, we observe the following trend:
- The fixed asset turnover ratio has been consistently high, ranging from 8.21 to 13.61 from December 2020 to June 2022, suggesting that the company has been effectively utilizing its fixed assets to generate sales during this period.
- There was a noticeable decrease in the ratio from June 2022 to September 2022, indicating a potential decline in the efficiency of utilizing fixed assets for revenue generation.
- Despite a slight increase in the ratio in the subsequent quarters, it remained lower than the earlier levels, suggesting a potential prolonged impact on the efficiency of utilizing fixed assets.
- The absence of data for the later quarters of 2023 and beyond limits further analysis of the trend in fixed asset turnover for Cavco Industries Inc.
In summary, Cavco Industries Inc has historically maintained a strong fixed asset turnover ratio, indicating efficient use of fixed assets to generate sales. However, the recent decline in the ratio raises concerns about the company's ability to maintain this efficiency in the future. Further monitoring of the fixed asset turnover ratio is recommended to assess the company's performance in utilizing its fixed assets effectively.
Peer comparison
Mar 31, 2025