Cavco Industries Inc (CVCO)
Total asset 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 |
| Total assets | US$ in thousands | — | 1,385,770 | 1,398,200 | 1,380,680 | 1,354,160 | 1,326,600 | 1,368,790 | 1,353,050 | 1,307,980 | 1,264,470 | 1,264,670 | 1,183,800 | 1,154,970 | 1,112,230 | 1,056,430 | 970,872 | 951,833 | 906,566 | 882,510 | 838,256 |
| Total asset turnover | — | 1.39 | 1.32 | 1.30 | 1.32 | 1.40 | 1.39 | 1.50 | 1.64 | 1.72 | 1.66 | 1.59 | 1.41 | 1.28 | 1.22 | 1.22 | 1.16 | 1.17 | 1.18 | 1.26 |
March 31, 2025 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,507,100K ÷ $—K
= —
Total asset turnover is a key financial ratio that measures a company's ability to generate sales from its assets. For Cavco Industries Inc, there has been a fluctuating trend in the total asset turnover ratio over the past few years.
From June 30, 2020, to September 30, 2021, the ratio ranged between 1.16 and 1.28, indicating that the company was generating around $1.16 to $1.28 in revenues for every dollar of assets it owned during this period. This suggests that Cavco Industries Inc was effectively utilizing its assets to generate sales.
However, from March 31, 2022, to June 30, 2024, the total asset turnover ratio decreased gradually from 1.41 to 1.30, before slightly increasing to 1.39 on September 30, 2024. This decline may indicate a decrease in sales relative to the company's asset base, which could be a cause for concern as it may suggest inefficiencies in asset utilization.
The lack of data for the period ending March 31, 2025 makes it challenging to provide a conclusive analysis of the latest performance. However, based on the trend observed, Cavco Industries Inc should continue to monitor and potentially improve its total asset turnover to ensure optimal efficiency in utilizing its assets to generate sales.
Peer comparison
Mar 31, 2025