Cavco Industries Inc (CVCO)
Total asset 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 |
| Total assets | US$ in thousands | 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 | 810,431 | 787,409 | 773,838 | 756,083 |
| Total asset turnover | 1.33 | 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 | 1.31 | 1.33 | 1.30 | 1.30 |
March 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,794,792K ÷ $1,354,160K
= 1.33
Cavco Industries Inc's total asset turnover ratio has shown some fluctuations over the past several quarters. The ratio indicates how efficiently the company is generating revenue from its total assets.
In the most recent quarter, the total asset turnover ratio was 1.33, a slight decrease from the previous quarter's ratio of 1.40. This suggests that the company is generating $1.33 in revenue for every dollar of assets it owns.
Looking at the trend over the past few quarters, the total asset turnover ratio has been relatively stable, with some fluctuations but generally remaining above 1.20. This indicates that Cavco Industries Inc is effectively utilizing its assets to generate revenue.
However, it is worth noting that the ratio has shown a declining trend over the last few quarters, with a peak of 1.72 in the quarter ending December 31, 2022, and a low of 1.16 in the quarter ending March 31, 2021. This fluctuation may suggest changes in the company's operational efficiency or asset management strategies during these periods.
Overall, while Cavco Industries Inc's total asset turnover ratio has shown some variability, it remains above 1.20, indicating efficient utilization of assets to generate revenue. Monitoring this ratio over time can provide insights into the company's effectiveness in managing its assets to drive revenue growth.