Cavco Industries Inc (CVCO)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 157,817 | 171,195 | 194,732 | 227,309 | 240,554 | 246,866 | 266,761 | 230,255 | 197,699 | 169,297 | 109,579 | 87,018 | 76,646 | 63,425 | 64,622 | 70,458 | 75,066 | 83,036 | 75,522 | 70,213 |
| 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 |
| 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% |
March 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $157,817K ÷ $1,354,160K
= 11.65%
Cavco Industries Inc's return on assets (ROA) has shown a fluctuating trend over the past few quarters. The company's ROA declined from 9.29% in September 2019 to a low of 7.00% in March 2021. However, there has been a general upward trend in ROA since then, with the metric improving to 11.65% as of March 2024.
The upward trend in ROA indicates that Cavco Industries has been more efficient in generating profits from its assets. The company has been able to improve its profitability in relation to the total assets it holds.
While the recent ROA of 11.65% is an improvement from previous periods, it is important for investors and stakeholders to monitor whether this trend continues or fluctuates in the future. A higher ROA suggests better asset utilization and profitability for the company.