Cavco Industries (Cavco Industries) Gross Margin % : 23.07% (As of Dec. 2023)

View and export this data going back to 2003. Start your Free Trial

What is Cavco Industries Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Cavco Industries's Gross Profit for the three months ended in Dec. 2023 was $103 Mil. Cavco Industries's Revenue for the three months ended in Dec. 2023 was $447 Mil. Therefore, Cavco Industries's Gross Margin % for the quarter that ended in Dec. 2023 was 23.07%.

The historical rank and industry rank for Cavco Industries's Gross Margin % or its related term are showing as below:

CVCO' s Gross Margin % Range Over the Past 10 Years
Min: 20.28 Med: 21.64 Max: 25.9
Current: 24.23

During the past 13 years, the highest Gross Margin % of Cavco Industries was 25.90%. The lowest was 20.28%. And the median was 21.64%.

CVCO's Gross Margin % is ranked better than
66.99% of 103 companies
in the Homebuilding & Construction industry
Industry Median: 21.72 vs CVCO: 24.23

Cavco Industries had a gross margin of 23.07% for the quarter that ended in Dec. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Cavco Industries was 4.70% per year.

Cavco Industries Gross Margin % Historical Data

The historical data trend for Cavco Industries's Gross Margin % 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 Gross Margin % Chart

Cavco Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Gross Margin %

Get a 7-Day Free Trial

21.37

21.71

21.57

25.12

25.90

Cavco Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Margin %	Get a 7-Day Free Trial															26.36	25.32	24.77	23.66	23.07

Competitive Comparison of Cavco Industries's Gross Margin %

For the Residential Construction subindustry, Cavco Industries's Gross Margin %, along with its competitors' market caps and Gross Margin % 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's Gross Margin % Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Cavco Industries's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Cavco Industries's Gross Margin % falls into.

Cavco Industries Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Cavco Industries's Gross Margin for the fiscal year that ended in Mar. 2023 is calculated as

Gross Margin % (A: Mar. 2023 )	=	Gross Profit (A: Mar. 2023 )	/	Revenue (A: Mar. 2023 )
	=	554.9	/	2142.713
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(2142.713 - 1587.781)	/	2142.713
	=	25.90 %

Cavco Industries's Gross Margin for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	103.1	/	446.769
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(446.769 - 343.718)	/	446.769
	=	23.07 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Cavco Industries (NAS:CVCO) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Cavco Industries had a gross margin of 23.07% for the quarter that ended in Dec. 2023 => Competition eroding margins

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

Cavco Industries Gross Margin % Related Terms

Thank you for viewing the detailed overview of Cavco Industries's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.

Cavco Industries (Cavco Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Cavco Industries Inc (NAS:CVCO) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

3636 North Central Avenue, Suite 1200, Phoenix, AZ, USA, 85012

Website

https://www.cavco.com

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.

Executives

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