Cavco Industries Inc (CVCO)
Return on assets (ROA)
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 157,817 | 240,554 | 197,699 | 76,646 | 75,066 |
| Total assets | US$ in thousands | 1,354,160 | 1,307,980 | 1,154,970 | 951,833 | 810,431 |
| ROA | 11.65% | 18.39% | 17.12% | 8.05% | 9.26% |
March 31, 2024 calculation
ROA = Net income ÷ Total assets
= $157,817K ÷ $1,354,160K
= 11.65%
Cavco Industries Inc's return on assets (ROA) has fluctuated over the past five years. The ROA was highest in the year ending March 31, 2023, at 18.39%, indicating that the company generated significant profits relative to its total assets during that period. In contrast, the ROA was lowest in the year ending March 31, 2021, at 8.05%, suggesting a relatively lower profitability compared to the other years.
Overall, the company has displayed a generally positive trend in ROA over the period under review, with the latest reported ROA of 11.65% for the year ending March 31, 2024. Cavco Industries Inc's ability to generate profits from its assets has been relatively strong, although there have been variations in performance from year to year. Further analysis of the company's operational efficiency and asset utilization may provide additional insights into the factors driving these ROA fluctuations.