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.
Peer comparison
Mar 31, 2024