Cavco Industries Inc (CVCO)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 23.79% | 24.23% | 25.06% | 26.01% | 25.90% | 25.96% | 26.02% | 25.43% | 25.12% | 24.51% | 22.88% | 21.77% | 21.57% | 20.82% | 21.18% | 21.43% | 21.71% | 22.38% | 22.19% | 21.88% |
| 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% |
| Pretax margin | 11.09% | 11.60% | 12.96% | 14.18% | 14.30% | 14.58% | 14.24% | 13.56% | 13.03% | 12.11% | 10.90% | 9.35% | 8.75% | 7.64% | 7.64% | 8.29% | 8.76% | 10.06% | 9.69% | 9.17% |
| Net profit margin | 8.79% | 9.25% | 10.22% | 11.20% | 11.23% | 11.37% | 12.69% | 12.21% | 12.15% | 11.85% | 8.53% | 7.35% | 6.92% | 6.00% | 6.20% | 6.69% | 7.07% | 7.93% | 7.50% | 7.16% |
Cavco Industries Inc has shown a decreasing trend in its gross profit margin over the past five quarters, indicating a decrease in profitability at the initial stage of production. The operating profit margin has also declined over the same period, suggesting that the company's operational efficiency may be deteriorating. However, the pretax margin has shown fluctuations but has generally decreased, indicating the profitability before taxes has been affected by various factors.
On the other hand, the net profit margin has fluctuated significantly over the quarters but has shown an overall decreasing trend. This implies that the company's bottom-line profitability after all expenses and taxes has been gradually decreasing.
Overall, Cavco Industries Inc's profitability ratios reflect a mixed performance, with declining margins over the past quarters. This trend may indicate challenges in cost management, efficiency, or sales performance that could be impacting the company's overall profitability. Further analysis and investigation are recommended to understand the underlying factors contributing to this trend.
Return on investment
| 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 return on assets (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% |
| Return on assets (ROA) | 11.65% | 12.90% | 14.23% | 16.80% | 18.39% | 19.52% | 21.09% | 19.45% | 17.12% | 15.22% | 10.37% | 8.96% | 8.05% | 7.00% | 7.32% | 8.41% | 9.26% | 10.55% | 9.76% | 9.29% |
| Return on total capital | 19.43% | 21.45% | 24.31% | 28.24% | 31.49% | 33.23% | 32.32% | 30.11% | 25.61% | 21.54% | 19.20% | 15.94% | 14.07% | 12.13% | 12.37% | 13.91% | 15.23% | 17.61% | 17.02% | 16.45% |
| Return on equity (ROE) | 15.27% | 16.97% | 19.11% | 22.22% | 24.64% | 25.84% | 28.72% | 27.04% | 23.81% | 21.00% | 14.95% | 12.45% | 11.21% | 9.58% | 10.09% | 11.29% | 12.35% | 13.95% | 13.18% | 12.76% |
Cavco Industries Inc has demonstrated relatively stable profitability over the analyzed periods. The operating return on assets (Operating ROA) has shown a consistent trend of being above 10%, indicating effective management in generating operating profits relative to its assets. Return on assets (ROA) has also remained healthy, with a trend above 10% for most periods, reflecting the company's ability to generate net income from its total assets.
Moreover, return on total capital has exhibited a robust performance, consistently above 15%, which suggests that Cavco Industries has been successful in generating returns for both its equity and debt holders. The return on equity (ROE) has remained strong, with values consistently above 10%, indicating that the company has been efficient in utilizing shareholders' equity to generate profits.
Overall, Cavco Industries Inc's profitability ratios suggest a financially stable and profitable company with effective asset management and strong returns for its capital and equity providers.