1-Year Return on Invested Incremental Capital (1-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 1-year.
Cavco Industries's 1-Year ROIIC % for the quarter that ended in Dec. 2023 was -122.90%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Cavco Industries's 1-Year ROIIC % or its related term are showing as below:
CVCO's 1-Year ROIIC % is ranked worse than 89% of 100
companies
in the Homebuilding & Construction industry
Industry Median: -1.265
vs CVCO: -122.90
Cavco Industries 1-Year ROIIC % Historical Data
The historical data trend for Cavco Industries's 1-Year ROIIC % 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.
Competitive Comparison of Cavco Industries's 1-Year ROIIC %
For the Residential Construction subindustry, Cavco Industries's 1-Year ROIIC %, along with its competitors' market caps and 1-Year ROIIC % 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 1-Year ROIIC % Distribution in the Homebuilding & Construction Industry
For the Homebuilding & Construction industry and Consumer Cyclical sector, Cavco Industries's 1-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Cavco Industries's 1-Year ROIIC % falls into.
Cavco Industries 1-Year ROIIC % Calculation
Cavco Industries's 1-Year ROIIC % for the quarter that ended in Dec. 2023 is calculated as:
1-Year ROIIC %
=
1-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
1-Year Incremental Invested Capital
=
( 156.0047 (Dec. 2023) - 243.3196 (Dec. 2022) )
/
( 790.247 (Dec. 2023) - 719.202 (Dec. 2022) )
=
-87.3149
/
71.045
=
-122.90%***
* 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.
** TTM data of NOPAT and Invested Capital was used to calculate 1-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
Cavco Industries 1-Year ROIIC % Related Terms
Thank you for viewing the detailed overview of Cavco Industries's 1-Year ROIIC % 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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