Cavco Industries Inc (CVCO)
Return on total capital
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 163,027 | 200,336 | 175,594 | 163,914 | 181,386 | 200,429 | 228,528 | 275,605 | 298,099 | 311,494 | 293,323 | 247,204 | 201,794 | 158,789 | 127,759 | 101,300 | 88,087 | 75,606 | 74,480 | 78,668 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Return on total capital | 15.31% | 18.95% | 16.85% | 15.78% | 17.55% | 19.87% | 22.42% | 26.95% | 30.53% | 32.60% | 31.58% | 29.03% | 24.30% | 19.70% | 17.43% | 14.49% | 12.88% | 11.43% | 11.63% | 12.61% |
March 31, 2025 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $163,027K ÷ ($—K + $1,064,580K)
= 15.31%
Cavco Industries Inc's return on total capital has exhibited a fluctuating pattern over the analyzed period, ranging from a low of 11.43% in December 2020 to a peak of 32.60% in December 2022. The return on total capital increased steadily from June 2022 to December 2022, showing a significant improvement. However, there was a slight dip in the following period, reaching 30.53% in March 2023.
The return on total capital decreased further in the subsequent quarters, with values ranging between 15.31% in March 2025 and 22.42% in September 2023. Notably, the return on total capital experienced an overall upward trend from December 2020 to December 2022, demonstrating an improvement in the company's capital efficiency during this period.
It is important for stakeholders to closely monitor Cavco Industries Inc's return on total capital performance to assess its capital utilization efficiency and overall financial health. fluctuations in this ratio could indicate changes in the company's profitability and effectiveness in generating returns from its total capital base.
Peer comparison
Mar 31, 2025