Cavco Industries Inc (CVCO)
Total asset 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 |
| Total assets | US$ in thousands | — | 1,354,160 | 1,307,980 | 1,154,970 | 951,833 |
| Total asset turnover | — | 1.33 | 1.64 | 1.41 | 1.16 |
March 31, 2025 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,015,460K ÷ $—K
= —
Total asset turnover measures how efficiently a company generates sales revenue from its total assets. For Cavco Industries Inc, the trend in total asset turnover over the years shows fluctuations.
In March 2021, the total asset turnover was 1.16, indicating that the company generated $1.16 in sales for every dollar of assets. Over the following years, there was an increasing trend in the total asset turnover ratio, reaching its peak in March 2023 at 1.64. This signifies that the company improved its efficiency in utilizing its assets to generate sales during this period.
However, in March 2024, the total asset turnover ratio decreased to 1.33, indicating a decline in efficiency in asset utilization compared to the previous year. Unfortunately, the data for March 2025 is not available (marked as "—"), making it difficult to assess the most recent performance.
Overall, Cavco Industries Inc has shown fluctuations in its total asset turnover ratio, with a general improving trend up to March 2023. It is important for the company to continue monitoring and managing its asset efficiency to ensure sustainable growth and profitability.
Peer comparison
Mar 31, 2025