Cavco Industries Inc (CVCO)
Gross profit margin
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 426,902 | 448,528 | 477,445 | 528,087 | 554,932 | 563,891 | 547,131 | 479,460 | 408,749 | 350,024 | 294,054 | 257,667 | 238,977 | 220,000 | 220,617 | 225,543 | 230,518 | 234,413 | 223,579 | 214,528 |
| 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 |
| Gross profit margin | 23.79% | 24.23% | 25.06% | 26.01% | 25.90% | 25.96% | 26.02% | 25.43% | 25.12% | 24.51% | 22.88% | 21.77% | 21.57% | 20.82% | 21.18% | 21.43% | 21.71% | 22.38% | 22.19% | 21.88% |
March 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $426,902K ÷ $1,794,792K
= 23.79%
Cavco Industries Inc's gross profit margin has shown fluctuations over the analyzed periods. The trend indicates a general decline from the end of 2019 through mid-2021, with margins ranging from 22.38% to 20.82%. However, there was a noticeable improvement in margins from late 2021 onwards, with the margin steadily increasing reaching a peak of 26.01% as of June 2023.
Overall, although there have been variations in the gross profit margin, the recent trend suggests an uptick in profitability, potentially indicating improved cost management or pricing strategies. It would be beneficial to continue monitoring the trend to assess the sustainability of this positive momentum in the company's profitability.