Cavco Industries (Cavco Industries) Change In Inventory : $45 Mil (TTM As of Mar. 2024)

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What is Cavco Industries Change In Inventory?

Cavco Industries's change in inventory for the quarter that ended in Mar. 2024 was $-6 Mil. It means Cavco Industries's inventory increased by $6 Mil from Dec. 2023 to Mar. 2024 .

Cavco Industries's change in inventory for the fiscal year that ended in Mar. 2024 was $45 Mil. It means Cavco Industries's inventory declined by $45 Mil from Mar. 2023 to Mar. 2024 .

Cavco Industries's Total Inventories for the quarter that ended in Mar. 2024 was $241 Mil.

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 quarter that ended in Mar. 2024 was 67.92.

Inventory Turnover measures how fast the company turns over its inventory within a year. Cavco Industries's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.34.

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 quarter that ended in Mar. 2024 was 0.57.

Cavco Industries Change In Inventory Historical Data

The historical data trend for Cavco Industries's Change In 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.

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Cavco Industries Change In Inventory Chart

Cavco Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Change In Inventory

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8.25

-17.70

-73.80

38.87

44.86

Cavco Industries Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															10.35	9.11	10.57	31.50	-6.33

Cavco Industries Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $45 Mil.

Cavco Industries (NAS:CVCO) Change In Inventory Explanation

1. 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 quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	238.994	/	321.103	*	365 / 4
	=	67.92

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Cavco Industries's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	321.103	/	238.994
	=	1.34

3. 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 quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	238.994	/	420.118
	=	0.57

Cavco Industries Change In Inventory Related Terms

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Cavco Industries (Cavco Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Cavco Industries Inc (NAS:CVCO) » Definitions » Change In Inventory

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