Cavco Industries Inc (CVCO)

Operating 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
Operating income (ttm)	US$ in thousands	178,982	195,641	228,966	274,220	296,609	312,230	294,052	247,903	202,496	159,536	128,474	102,006	88,825	76,390	75,577	79,873	84,907	94,735	89,912	86,909
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
Operating profit margin		9.97%	10.57%	12.02%	13.51%	13.84%	14.38%	13.98%	13.15%	12.44%	11.17%	10.00%	8.62%	8.02%	7.23%	7.25%	7.59%	8.00%	9.04%	8.92%	8.86%

March 31, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $178,982K ÷ $1,794,792K
= 9.97%

The operating profit margin of Cavco Industries Inc has exhibited some fluctuations over the past several quarters. The trend shows a general decline from the peak of 14.38% in Dec 31, 2022, to the low of 7.23% in Mar 31, 2021, before gradually increasing again.

The operating profit margin measures the company's efficiency in generating profits from its core operations. A higher margin indicates that the company is effectively controlling its operating expenses relative to its revenue.

Cavco Industries Inc's operating profit margin ranged from a low of 7.23% in Mar 31, 2021, to a high of 14.38% in Dec 31, 2022. It is essential for investors and stakeholders to monitor this metric closely as it provides insights into the company's operational performance and financial health over time.