Cavco Industries Inc (CVCO)
Receivables turnover
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,015,460 | 1,794,790 | 2,142,710 | 1,627,160 | 1,108,050 |
| Receivables | US$ in thousands | 105,849 | 141,152 | 150,420 | 149,335 | 104,318 |
| Receivables turnover | 19.04 | 12.72 | 14.24 | 10.90 | 10.62 |
March 31, 2025 calculation
Receivables turnover = Revenue ÷ Receivables
= $2,015,460K ÷ $105,849K
= 19.04
The receivables turnover for Cavco Industries Inc has shown a consistent upward trend over the past five years. In March 2021, the receivables turnover was 10.62, which increased to 10.90 in March 2022. The company saw a significant improvement in receivables turnover in March 2023, reaching 14.24, before slightly decreasing to 12.72 in March 2024. The most recent data for March 2025 indicates a substantial increase in the receivables turnover to 19.04.
This trend suggests that Cavco Industries has been more efficient in collecting its receivables over the years, with a notable improvement in the most recent period. A higher receivables turnover ratio indicates that the company is collecting its accounts receivable more quickly, which can be a positive sign of effective credit management and liquidity. Overall, the increasing receivables turnover ratio reflects positively on Cavco Industries Inc's financial performance and management of its accounts receivable.
Peer comparison
Mar 31, 2025