Cavco Industries Inc (CVCO)
Operating return on assets (Operating ROA)
| 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 |
| Total assets | US$ in thousands | 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 | 810,431 | 787,409 | 773,838 | 756,083 |
| Operating ROA | 13.22% | 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% | 10.48% | 12.03% | 11.62% | 11.49% |
March 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $178,982K ÷ $1,354,160K
= 13.22%
Cavco Industries Inc's operating return on assets (operating ROA) has shown a fluctuating trend over the past several quarters. The operating ROA for the most recent quarter, ending March 31, 2024, was 13.22%. This indicates that for every dollar of assets the company owns, it generated approximately 13.22 cents of operating profit.
The operating ROA reached its peak at 24.69% in the quarter ending December 31, 2022, and has gradually declined since then. Despite the fluctuations, the company has generally maintained a healthy operating ROA above 10% over the past five quarters.
The downward trend in operating ROA may suggest potential challenges in generating operating profits relative to the level of assets employed by the company. It is essential for Cavco Industries Inc to closely monitor its operational efficiency and profitability to sustain and improve its performance in the future.