Cavco Industries Inc (CVCO)
Working capital 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 current assets | US$ in thousands | — | 877,987 | 901,965 | 877,574 | 851,799 | 833,047 | 875,443 | 858,687 | 804,579 | 832,554 | 819,791 | 748,025 | 744,117 | 703,549 | 632,998 | 667,864 | 651,799 | 625,719 | 597,424 | 547,991 |
| Total current liabilities | US$ in thousands | — | 285,222 | 311,480 | 296,005 | 273,267 | 271,172 | 305,475 | 293,376 | 293,391 | 278,423 | 306,051 | 304,675 | 294,170 | 272,762 | 282,271 | 242,187 | 237,104 | 213,342 | 208,221 | 179,056 |
| Working capital turnover | — | 3.25 | 3.13 | 3.09 | 3.10 | 3.29 | 3.34 | 3.59 | 4.19 | 3.92 | 4.09 | 4.25 | 3.62 | 3.32 | 3.66 | 2.78 | 2.67 | 2.56 | 2.68 | 2.85 |
March 31, 2025 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,507,100K ÷ ($—K – $—K)
= —
The working capital turnover for Cavco Industries Inc has shown a generally positive trend over the years, reflecting the company's efficiency in utilizing its working capital to generate sales. The ratio has fluctuated between 2.56 and 4.25, indicating variations in the company's ability to effectively manage its working capital.
From June 2020 to June 2022, there was a consistent upward trend, reaching a peak of 4.25 in June 2022, indicating an improvement in the company's efficiency in converting working capital into sales. However, there was a slight decline in the ratio in the subsequent quarters, falling to 3.09 by June 2024.
Overall, the working capital turnover ratio for Cavco Industries Inc has displayed a positive trend, with some fluctuations over time. The company should continue to monitor and manage its working capital efficiently to sustain and improve its operational performance.
Peer comparison
Mar 31, 2025