Cavco Industries Inc (CVCO)
Payables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 1,549,867 | 1,478,729 | 1,430,357 | 1,384,091 | 1,367,890 | 1,402,526 | 1,427,443 | 1,502,163 | 1,587,781 | 1,607,921 | 1,555,792 | 1,405,614 | 1,218,409 | 1,078,157 | 991,185 | 926,005 | 869,074 | 836,884 | 821,217 | 826,990 |
| Payables | US$ in thousands | — | 26,088 | 39,252 | 31,431 | 33,531 | 23,928 | 41,095 | 28,634 | 30,730 | 26,788 | 42,655 | 44,897 | 43,082 | 33,756 | 42,549 | 30,175 | 32,120 | 25,176 | 29,672 | 34,658 |
| Payables turnover | — | 56.68 | 36.44 | 44.04 | 40.79 | 58.61 | 34.74 | 52.46 | 51.67 | 60.02 | 36.47 | 31.31 | 28.28 | 31.94 | 23.30 | 30.69 | 27.06 | 33.24 | 27.68 | 23.86 |
March 31, 2025 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,549,867K ÷ $—K
= —
The payables turnover ratio measures how efficiently a company manages its trade credit obligations, indicating the number of times a company pays off its accounts payable during a specific period.
Analyzing Cavco Industries Inc's payables turnover over the years, we observe fluctuations in the ratio. The ratio increased from 23.86 in June 2020 to a peak of 60.02 in December 2022, indicating an improvement in managing payables during this period. However, the ratio showed some volatility, decreasing to 34.74 in September 2023 before reaching 44.04 in June 2024.
A high payables turnover ratio like 60.02 in December 2022 may suggest that Cavco Industries Inc is effectively using its suppliers' trade credit or managing its payables efficiently. On the other hand, a lower ratio like 23.30 in September 2021 could indicate a longer payment period or potential liquidity issues.
The absence of data for March 2025 (\u2014) suggests a lack of information on the payables turnover for that period. It may be essential for stakeholders to investigate further and monitor future trends in the payables turnover ratio to assess Cavco Industries Inc's ability to maintain efficient payment practices and manage its working capital effectively.
Peer comparison
Mar 31, 2025