Cavco Industries Inc (CVCO)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	1,033,410	1,008,700	1,019,260	1,022,830	976,286	955,500	928,932	851,562	830,455	806,212	733,116	699,067	683,640	661,741	640,688	624,007	607,586	595,260	573,004	550,337
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%

March 31, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $157,817K ÷ $1,033,410K
= 15.27%

The return on equity (ROE) for Cavco Industries Inc has been fluctuating over the past few quarters, demonstrating both positive and negative trends.

The ROE ranged from 9.58% to 28.72% over the analyzed periods. The highest ROE of 28.72% was recorded in March 2023, while the lowest ROE of 9.58% was reported in December 2020.

The general trend indicates that the ROE has been gradually increasing from December 2020 to March 2023, reaching its peak at 28.72%. However, after March 2023, there has been a reversal in the trend, with the ROE showing a decline in subsequent quarters.

Overall, while Cavco Industries Inc has shown a positive ROE trend in recent periods, it is essential for the company to sustain its profitability and efficiency in generating returns for its shareholders to maintain long-term success in the future.