Cavco Industries Inc (CVCO)
Pretax margin
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 199,092 | 306,476 | 211,946 | 96,912 | 92,979 |
| Revenue | US$ in thousands | 1,794,790 | 2,142,710 | 1,627,160 | 1,108,050 | 1,061,770 |
| Pretax margin | 11.09% | 14.30% | 13.03% | 8.75% | 8.76% |
March 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $199,092K ÷ $1,794,790K
= 11.09%
Cavco Industries Inc's pretax margin has shown fluctuations over the past five years. The company's pretax margin was highest at 14.30% in March 2023 and lowest at 8.75% in March 2021. It improved to 11.09% in March 2024, indicating an increase in profitability before accounting for taxes. The variability in the pretax margin suggests that Cavco Industries Inc's operating efficiency and cost controls may have experienced some fluctuations over the years. Further analysis of the company's revenue, expenses, and overall financial performance would provide additional insights into the factors driving these changes in pretax margin.