Cavco Industries Inc (CVCO)
Total asset turnover
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,794,790 | 2,142,710 | 1,627,160 | 1,108,050 | 1,061,770 |
| Total assets | US$ in thousands | 1,354,160 | 1,307,980 | 1,154,970 | 951,833 | 810,431 |
| Total asset turnover | 1.33 | 1.64 | 1.41 | 1.16 | 1.31 |
March 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,794,790K ÷ $1,354,160K
= 1.33
The total asset turnover ratio for Cavco Industries Inc has fluctuated over the past five years. In 2023, the ratio was at its highest point of 1.64, indicating that the company generated $1.64 in revenue for every $1 of total assets. This suggests efficient utilization of assets to generate sales. However, in 2021, the ratio dropped to 1.16, which may indicate a decrease in asset efficiency or lower sales relative to total assets. Overall, the trend of the total asset turnover ratio for Cavco Industries Inc shows some variability, with the ratio ranging between 1.16 and 1.64 over the past five years.