Cavco Industries Inc (CVCO)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,507,100 | 1,926,318 | 1,851,047 | 1,795,616 | 1,793,892 | 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 |
| Receivables | US$ in thousands | 188,074 | 161,332 | 164,976 | 156,085 | 141,152 | 133,308 | 149,605 | 148,617 | 150,420 | 128,022 | 147,677 | 162,871 | 149,335 | 119,458 | 130,114 | 102,096 | 104,318 | 102,035 | 90,836 | 97,432 |
| Receivables turnover | 8.01 | 11.94 | 11.22 | 11.50 | 12.71 | 13.89 | 12.73 | 13.66 | 14.24 | 16.96 | 14.24 | 11.57 | 10.90 | 11.96 | 9.88 | 11.59 | 10.62 | 10.36 | 11.47 | 10.80 |
March 31, 2025 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,507,100K ÷ $188,074K
= 8.01
The receivables turnover ratio of Cavco Industries Inc has exhibited fluctuations over the periods presented. The ratio measures how efficiently a company is managing its accounts receivable by indicating how many times during a period the company collects its average accounts receivable balance.
From June 30, 2020, to March 31, 2025, the company's receivables turnover ratio ranged from a low of 8.01 to a high of 16.96. A higher ratio indicates that the company is collecting its receivables more quickly.
The trend in Cavco Industries Inc's receivables turnover ratio shows some variability, with periods of improvement followed by slight declines. For example, the ratio increased notably from September 30, 2022, to December 31, 2022, signaling more efficient collections during those periods.
However, there was a drop in the ratio from June 30, 2023, to March 31, 2024, indicating a potential issue with slower collections during those quarters. The ratio then slightly recovered by June 30, 2024, but still remained below the levels observed in previous periods.
Overall, it is essential for Cavco Industries Inc to continually monitor and manage its accounts receivable turnover to ensure efficient cash flow management and timely collection of outstanding debts.
Peer comparison
Mar 31, 2025