Cavco Industries Inc (CVCO)
Gross profit margin
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 426,902 | 554,932 | 408,749 | 238,977 | 230,518 |
| Revenue | US$ in thousands | 1,794,790 | 2,142,710 | 1,627,160 | 1,108,050 | 1,061,770 |
| Gross profit margin | 23.79% | 25.90% | 25.12% | 21.57% | 21.71% |
March 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $426,902K ÷ $1,794,790K
= 23.79%
Over the past five years, Cavco Industries Inc's gross profit margin has shown some fluctuations. It reached its highest point in March 2023 at 25.90% before slightly decreasing to 25.12% in March 2022. There was a noticeable decline in March 2021 to 21.57%, followed by a slight increase in March 2020 to 21.71%.
Overall, Cavco Industries Inc's gross profit margin has displayed some variability, indicating potential changes in the company's cost structure, pricing strategy, or efficiency of operations. It would be important for investors and stakeholders to closely monitor the trend in gross profit margin to assess the company's ability to generate profits from its core business activities.