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Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Cavco Industries's annualized net income for the quarter that ended in Jun. 2024 was $138 Mil. Cavco Industries's average shareholder tangible equity for the quarter that ended in Jun. 2024 was $886 Mil. Therefore, Cavco Industries's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2024 was 15.54%.
The historical rank and industry rank for Cavco Industries's Return-on-Tangible-Equity or its related term are showing as below:
During the past 13 years, Cavco Industries's highest Return-on-Tangible-Equity was 31.38%. The lowest was 10.45%. And the median was 16.15%.
The historical data trend for Cavco Industries's Return-on-Tangible-Equity 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.
Cavco Industries Annual Data | |||||||||||||||||||||
Trend | Mar15 | Mar16 | Mar17 | Mar18 | Mar19 | Mar20 | Mar21 | Mar22 | Mar23 | Mar24 | |||||||||||
Return-on-Tangible-Equity | Get a 7-Day Free Trial | 15.57 | 13.79 | 30.53 | 31.38 | 18.40 |
Cavco Industries Quarterly Data | ||||||||||||||||||||
Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | |
Return-on-Tangible-Equity | Get a 7-Day Free Trial | 21.69 | 18.97 | 16.61 | 15.58 | 15.54 |
For the Residential Construction subindustry, Cavco Industries's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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.
For the Homebuilding & Construction industry and Consumer Cyclical sector, Cavco Industries's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Cavco Industries's Return-on-Tangible-Equity falls into.
Cavco Industries's annualized Return-on-Tangible-Equity for the fiscal year that ended in Mar. 2024 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(A: Mar. 2024 ) | (A: Mar. 2023 ) | (A: Mar. 2024 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets ) | / count ) | |
(A: Mar. 2024 ) | (A: Mar. 2023 ) | (A: Mar. 2024 ) | |||||
= | 157.817 | / | ( (831.949 | + | 883.256 ) | / 2 ) | |
= | 157.817 | / | 857.6025 | ||||
= | 18.40 % |
Cavco Industries's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2024 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(Q: Jun. 2024 ) | (Q: Mar. 2024 ) | (Q: Jun. 2024 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets) | / count ) | |
(Q: Jun. 2024 ) | (Q: Mar. 2024 ) | (Q: Jun. 2024 ) | |||||
= | 137.716 | / | ( (883.256 | + | 888.742) | / 2 ) | |
= | 137.716 | / | 885.999 | ||||
= | 15.54 % |
* 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.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Jun. 2024) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.
Cavco Industries (NAS:CVCO) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Thank you for viewing the detailed overview of Cavco Industries's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Steven K. Like | officer: Senior Vice President | 1001 N. CENTRAL AVENUE, SUITE 800, PHOENIX AZ 85004 |
Steven G Bunger | director | |
Jack S Brandom | officer: President, Financial Services | C/O 3636 N. CENTRAL AVE., SUITE 1200, PHOENIX AZ 85012 |
Gavin Ryan | officer: See remarks | 3636 N. CENTRAL AVENUE, SUITE 1200, PHOENIX AZ 85012 |
David A. Greenblatt | director | 4218 BEECHWOOD LANE, DALLAS TX 75220-1908 |
Rogers Colleen J | officer: SVP, Marketing and Comm. | C/O 3636 N. CENTRAL AVE., SUITE 1200, PHOENIX AZ 85012 |
Allison Aden | officer: EVP and CFO | C/O PROFIT RECOVERY GROUP INTERNATIONAL, 2300 WINDY RIDGE PARKWAY SUITE 100, ATLANTA GA 30339 |
Matthew A Nino | officer: President, Retail | C/O 3636 N CENTRAL AVENUE, SUITE 1200, PHOENIX AZ 85012 |
Brian R Cira | officer: President,Manufactured Housing | C/O 3636 N. CENTRAL AVE., SUITE 1200, PHOENIX AZ 85012 |
Anthony Crutcher | officer: Chief Information Officer | C/O 3636 N. CENTRAL AVE., SUITE 1200, PHOENIX AZ 85012 |
Paul Bigbee | officer: Chief Accounting Officer | C/O 3636 N. CENTRAL AVE., SUITE 1200, PHOENIX AZ 85012 |
Steven W Moster | director | 7000 E. 1ST AVE., SCOTTSDALE AZ 85251 |
Simone Reynolds | officer: Sr. VP & CHRO | C/O 3636 N CENTRAL AVENUE, SUITE 1200, PHOENIX AZ 85012 |
Julia Sze | director | C/O 3636 N. CENTRAL AVENUE, SUITE 1200, PHOENIX AZ 85012 |
Lyle D Zeller | officer: See Remarks | 3636 N. CENTRAL AVENUE, SUITE 1200, PHOENIX AZ 85012 |
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