Cavco Industries Inc (CVCO)
Operating return on assets (Operating ROA)
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 151,646 | 188,339 | 164,108 | 160,434 | 178,082 | 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 |
| Total assets | US$ in thousands | — | 1,385,770 | 1,398,200 | 1,380,680 | 1,354,160 | 1,326,600 | 1,368,790 | 1,353,050 | 1,307,980 | 1,264,470 | 1,264,670 | 1,183,800 | 1,154,970 | 1,112,230 | 1,056,430 | 970,872 | 951,833 | 906,566 | 882,510 | 838,256 |
| Operating ROA | — | 13.59% | 11.74% | 11.62% | 13.15% | 14.75% | 16.73% | 20.27% | 22.68% | 24.69% | 23.25% | 20.94% | 17.53% | 14.34% | 12.16% | 10.51% | 9.33% | 8.43% | 8.56% | 9.53% |
March 31, 2025 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $151,646K ÷ $—K
= —
Operating return on assets (Operating ROA) measures a company's profitability in generating operating income relative to its total assets. For Cavco Industries Inc, the trend of Operating ROA has shown fluctuations over the past few years.
- From June 30, 2020, to December 31, 2022, Cavco Industries Inc experienced a steady increase in Operating ROA, reflecting improving operational efficiency and effective asset utilization.
- The peak Operating ROA of 24.69% was recorded on December 31, 2022, indicating the company's highest profitability relative to its total assets during this period.
- However, from March 31, 2023, onwards, Cavco Industries Inc witnessed a declining trend in Operating ROA, with fluctuations noted until March 31, 2025, the last available data point.
- The decrease in Operating ROA post-December 2022 suggests potential challenges in maintaining or enhancing profitability from operating activities in relation to the total asset base.
- The absence of an Operating ROA value for March 31, 2025, signifies a potential data gap or a significant change in the company's financial reporting.
Overall, the analysis of Cavco Industries Inc's Operating ROA highlights the importance of monitoring profitability trends, operational efficiency, and effective asset management to ensure sustainable performance and value creation for stakeholders.
Peer comparison
Mar 31, 2025