Cavco Industries Inc (CVCO)
Inventory turnover
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,549,870 | 1,367,890 | 1,587,780 | 1,218,410 | 869,074 |
| Inventory | US$ in thousands | 252,695 | 241,339 | 263,150 | 243,971 | 131,234 |
| Inventory turnover | 6.13 | 5.67 | 6.03 | 4.99 | 6.62 |
March 31, 2025 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $1,549,870K ÷ $252,695K
= 6.13
Cavco Industries Inc's inventory turnover has displayed fluctuations over the past five years. In March 2021, the inventory turnover stood at 6.62, indicating that the company converted its inventory into sales approximately 6.62 times during that period. However, there was a noticeable decline in inventory turnover to 4.99 by March 2022, suggesting a slower rate of inventory conversion.
Subsequently, there was a modest improvement in inventory turnover to 6.03 in March 2023, followed by a slight decrease to 5.67 by March 2024. In the most recent period, as of March 2025, the inventory turnover rebounded to 6.13.
Overall, Cavco Industries Inc's inventory turnover has shown variability, which could be influenced by factors such as inventory management practices, demand fluctuations, and production efficiency. A higher inventory turnover ratio typically indicates efficient inventory management, while lower ratios may reflect slower sales or excess inventory levels. It is essential for the company to monitor inventory turnover trends closely to optimize operational efficiency and liquidity.
Peer comparison
Mar 31, 2025