Cavco Industries Inc (CVCO)
Return on equity (ROE)
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 171,036 | 168,640 | 148,165 | 145,889 | 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 |
| Total stockholders’ equity | US$ in thousands | 1,064,580 | 1,057,220 | 1,041,980 | 1,038,540 | 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 |
| ROE | 16.07% | 15.95% | 14.22% | 14.05% | 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% |
March 31, 2025 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $171,036K ÷ $1,064,580K
= 16.07%
Cavco Industries Inc's return on equity (ROE) has shown a fluctuating trend over the period from June 30, 2020, to March 31, 2025. The ROE started at 11.29% in June 2020, decreased to 9.58% by December 2020, and then gradually picked up reaching 27.04% by June 2022. There was a significant peak in December 2022 at 28.72%, indicating a strong performance during that period.
However, the ROE started to decline after reaching its peak, dropping to 15.27% by March 2024. It slightly increased in the subsequent quarters but remained below the levels seen in the earlier periods. As of March 31, 2025, the ROE stood at 16.07%, reflecting a moderate recovery from the previous quarters.
Overall, Cavco Industries Inc's ROE has shown variability over the years, with some periods of strong performance followed by fluctuations and a more subdued performance in recent quarters. This indicates the company's ability to generate profit from shareholders' equity has been uneven, and investors may need to monitor the trend for future growth prospects.
Peer comparison
Mar 31, 2025