Days Inventory is also known as Days Sales of Inventory (DSI). Cavco Industries's Average Total Inventories for the
three
months ended in Dec. 2023 was $241 Mil. Cavco Industries's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $344 Mil.
Hence, Cavco Industries's Days Inventory for the
three
months ended in Dec. 2023 was 63.86.
The historical rank and industry rank for Cavco Industries's Days Inventory or its related term are showing as below:
CVCO'
s Days Inventory Range Over the Past 10 Years
Min: 50.44 Med: 55.3 Max: 63.17
Current: 63.17
During the past 13 years, Cavco Industries's highest Days Inventory was 63.17. The lowest was 50.44. And the median was 55.30.
CVCO's Days Inventory is ranked better than 85.71% of 98
companies
in the Homebuilding & Construction industry
Industry Median: 321.76
vs CVCO: 63.17
Cavco Industries's Days Inventory
increased
from Dec. 2022 (55.62) to Dec. 2023 (63.86).
It might indicate that Cavco Industries's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Cavco Industries's Inventory Turnover for the
three
months ended in Dec. 2023 was 1.43.
Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
Cavco Industries's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.54.
Cavco Industries Days Inventory Historical Data
The historical data trend for Cavco Industries's Days Inventory can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
* Premium members only.
Cavco Industries Annual Data
Trend
Mar14
Mar15
Mar16
Mar17
Mar18
Mar19
Mar20
Mar21
Mar22
Mar23
Days Inventory
54.33
50.44
51.40
56.20
58.29
Cavco Industries Quarterly Data
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Days Inventory
55.62
61.38
65.91
65.91
63.86
Competitive Comparison
For the Residential Construction subindustry, Cavco Industries's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Cavco Industries Days Inventory Distribution
For the Homebuilding & Construction industry and Consumer Cyclical sector, Cavco Industries's Days Inventory distribution charts can be found below:
* The bar in red indicates where Cavco Industries's Days Inventory falls into.
Cavco Industries Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Cavco Industries's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Cavco Industries (NAS:CVCO) Days Inventory Explanation
Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:
1. Inventory Turnover measures how fast the company turns over its inventory within a year.
Cavco Industries's Inventory Turnover for the
three
months ended in Dec. 2023 is calculated as
2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
Cavco Industries's Inventory to Revenue for the
three
months ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Be Aware
A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.
Cavco Industries Days Inventory Related Terms
Thank you for viewing the detailed overview of Cavco Industries's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Cavco Industries (Cavco Industries) Business Description
Cavco Industries Inc designs and produces factory-built homes under the Cavco Homes, Fleetwood Homes, and Palm Harbor Homes brands. It also produces modular homes, park model homes, and vacation cabins, as well as commercial structures, among others. The company operates principally in two segments: Factory-built housing, which includes wholesale and retail systems-built housing operations and financial services, which includes manufactured housing consumer finance and insurance. Cavco received most of its revenues from the Factory-built housing segment.
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