Cavco Industries Inc (CVCO)

Receivables turnover

		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	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019
Revenue (ttm)	US$ in thousands	1,794,792	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	1,061,774	1,047,552	1,007,530	980,385
Receivables	US$ in thousands	77,123	82,356	99,063	98,354	106,366	94,123	—	—	117,063	—	—	—	89,750	86,386	77,575	83,804	43,566	76,562	80,390	72,987
Receivables turnover		23.27	22.48	19.23	20.64	20.14	23.07	—	—	13.90	—	—	—	12.35	12.23	13.43	12.56	24.37	13.68	12.53	13.43

March 31, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,794,792K ÷ $77,123K
= 23.27

The receivables turnover ratio represents how many times a company collects its average accounts receivable balance during a specific period. A higher receivables turnover indicates that the company is efficient in collecting payments from its customers.

Analyzing the receivables turnover of Cavco Industries Inc over the past few quarters, we observe fluctuations in the ratio. The ratio has ranged from 12.23 to 24.37 over the last few quarters, with a general upward trend in recent periods.

A high receivables turnover ratio, such as the one exhibited by Cavco Industries Inc, indicates that the company is efficient in collecting payments from its customers. This efficiency can be beneficial for the company as it implies better cash flow management and a reduced risk of bad debts.

It is worth noting that during certain quarters, there were missing data points which may have impacted the trend analysis. Overall, the trend suggests that Cavco Industries Inc has been effective in managing its accounts receivable, ultimately contributing positively to its financial performance and liquidity position.