Cavco Industries Inc (CVCO)
Liquidity ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | — | 3.08 | 2.90 | 2.96 | 3.12 | 3.07 | 2.87 | 2.93 | 2.74 | 2.99 | 2.68 | 2.46 | 2.53 | 2.58 | 2.24 | 2.76 | 2.75 | 2.93 | 2.87 | 3.06 |
| Quick ratio | — | 1.89 | 1.78 | 1.88 | 1.93 | 1.90 | 1.77 | 1.76 | 1.49 | 1.87 | 1.62 | 1.37 | 1.41 | 1.50 | 1.32 | 1.86 | 1.88 | 2.09 | 2.02 | 2.15 |
| Cash ratio | — | 1.33 | 1.25 | 1.35 | 1.41 | 1.41 | 1.28 | 1.25 | 0.98 | 1.41 | 1.14 | 0.83 | 0.90 | 1.06 | 0.86 | 1.44 | 1.44 | 1.61 | 1.58 | 1.60 |
Cavco Industries Inc has shown stable current ratios over the past few years, ranging from 2.24 to 3.12. This indicates that the company has a strong ability to cover its short-term obligations with its current assets.
The quick ratio, which excludes inventory from current assets, has also remained relatively steady, ranging from 1.32 to 1.93. This suggests that Cavco Industries Inc may have a slightly lower ability to cover its short-term liabilities compared to the current ratio but is still in a healthy range.
The cash ratio, which is the most stringent liquidity measure, ranges from 0.83 to 1.61. This ratio indicates the company's ability to cover its current liabilities with its most liquid assets, cash and cash equivalents.
Overall, Cavco Industries Inc's liquidity ratios demonstrate a strong financial position with adequate short-term liquidity to meet its obligations. However, fluctuations in these ratios over time may warrant further monitoring to ensure continued financial stability.
Additional liquidity measure
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash conversion cycle | days | 45.55 | 84.18 | 84.79 | 88.01 | 84.17 | 81.65 | 80.67 | 81.48 | 79.05 | 64.34 | 70.51 | 86.02 | 93.68 | 86.92 | 91.39 | 79.08 | 75.99 | 72.51 | 68.36 | 65.45 |
The cash conversion cycle of Cavco Industries Inc has shown some fluctuations over the periods provided. The cash conversion cycle represents the time it takes for a company to convert its investment in inventory and other inputs into cash flows from sales.
Looking at the data provided, we can see that the trend of the cash conversion cycle for Cavco Industries Inc has been somewhat volatile, with periods of increase followed by periods of decrease.
From June 30, 2020, to March 31, 2022, the cash conversion cycle seemed to be elongating, reaching its peak at 93.68 days on March 31, 2022. Subsequently, from June 30, 2022, to March 31, 2025, the cash conversion cycle started to improve, fluctuating around an average of 80 days with some periods showing significant reductions.
Overall, it is important for Cavco Industries Inc to closely monitor its cash conversion cycle to ensure the efficient management of working capital and optimize its liquidity position. Identifying and addressing any factors contributing to prolonged cash conversion cycles can help enhance the company's financial performance and sustainability.