Cavco Industries Inc (CVCO)
Operating profit margin
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 178,982 | 296,609 | 202,496 | 88,825 | 84,907 |
| Revenue | US$ in thousands | 1,794,790 | 2,142,710 | 1,627,160 | 1,108,050 | 1,061,770 |
| Operating profit margin | 9.97% | 13.84% | 12.44% | 8.02% | 8.00% |
March 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $178,982K ÷ $1,794,790K
= 9.97%
The operating profit margin of Cavco Industries Inc has shown some fluctuations over the past five years. In March 2024, the operating profit margin stood at 9.97%, marking a decrease from the previous year's margin of 13.84%. Despite this decline, the company's margin remains relatively healthy compared to previous years, such as in 2021 and 2020 when the margins were 8.02% and 8.00% respectively. Overall, while there has been some variability in the operating profit margin, it is important for Cavco Industries Inc to continue monitoring and managing its operational efficiency to sustain and potentially improve its profitability.