Cavco Industries Inc (CVCO)
Payables 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 |
| Payables | US$ in thousands | — | 33,531 | 30,730 | 43,082 | 32,120 |
| Payables turnover | — | 40.79 | 51.67 | 28.28 | 27.06 |
March 31, 2025 calculation
Payables turnover = Cost of revenue ÷ Payables
= $1,549,870K ÷ $—K
= —
Based on the data provided, Cavco Industries Inc's payables turnover ratio has been showing an increasing trend over the years. The payables turnover ratio measures how efficiently the company is managing its accounts payable by comparing the cost of goods sold to the average accounts payable during a certain period.
In March 2021, Cavco Industries Inc had a payables turnover ratio of 27.06, indicating that the company was turning over its accounts payable approximately 27 times during the year. By March 2025, the payables turnover ratio had improved to 40.79.
The significant increase in the payables turnover ratio from 2021 to 2023 could suggest that Cavco Industries Inc has been managing its accounts payable more effectively, possibly by negotiating better payment terms with suppliers or streamlining its payment processes.
However, the sudden absence of data for March 31, 2025, makes it challenging to assess the trend accurately for that year. It would be beneficial to have more recent data to confirm if the improving trend in payables turnover ratio has been sustained.
Overall, the increasing trend in Cavco Industries Inc's payables turnover ratio reflects a positive sign of efficient management of accounts payable, which can contribute to better cash flow management and overall financial health.
Peer comparison
Mar 31, 2025