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CVCO (Cavco Industries) Total Inventories : $245 Mil (As of Jun. 2024)


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What is Cavco Industries Total Inventories?

Cavco Industries's total inventories for the quarter that ended in Jun. 2024 was $245 Mil. Cavco Industries's average total inventories from the quarter that ended in Mar. 2024 to the quarter that ended in Jun. 2024 was $243 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Cavco Industries's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was $27.15.

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 three months ended in Jun. 2024 was 59.28.

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 Jun. 2024 was 1.54.

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 Jun. 2024 was 0.51.


Cavco Industries Total Inventories Historical Data

The historical data trend for Cavco Industries's Total Inventories 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 Total Inventories Chart

Cavco Industries Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 113.54 131.23 243.97 263.15 241.34

Cavco Industries Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Total Inventories Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 253.99 244.48 236.65 241.34 244.84

Cavco Industries Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.


Cavco Industries  (NAS:CVCO) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Cavco Industries's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2024 is

Net-Net Working Capital Per Share (Q: Jun. 2024 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(379.967+0.75 * 85.051+0.5 * 244.844-342.142
-0-0)/8.25152
=27.15

2. 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 three months ended in Jun. 2024 is calculated as:

Days Inventory=Average Total Inventories (Q: Jun. 2024 )/Cost of Goods Sold (Q: Jun. 2024 )*Days in Period
=243.0915/374.197*365 / 4
=59.28

3. 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 Jun. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Jun. 2024 ) / Average Total Inventories (Q: Jun. 2024 )
=374.197 / 243.0915
=1.54

4. 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 Jun. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Jun. 2024 ) / Revenue (Q: Jun. 2024 )
=243.0915 / 477.599
=0.51

* 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

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.


Cavco Industries Total Inventories Related Terms

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Cavco Industries Business Description

Traded in Other Exchanges
N/A
Address
3636 North Central Avenue, Suite 1200, Phoenix, AZ, USA, 85012
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 the Financial services segment, which includes manufactured housing consumer finance and insurance. Cavco receives a majority of its revenue from the Factory-built housing segment.
Executives
Steven G Bunger director
Susan L Blount director C/O PRUDENTIAL FINANCIAL, INC, 751 BROAD STREET, FOURTH FLOOR, NEWARK NJ 07102
Paul Bigbee officer: Chief Accounting Officer C/O 3636 N. CENTRAL AVE., SUITE 1200, PHOENIX AZ 85012
Steven K. Like officer: Senior Vice President 1001 N. CENTRAL AVENUE, SUITE 800, PHOENIX AZ 85004
Matthew A Nino officer: President, Retail C/O 3636 N CENTRAL AVENUE, SUITE 1200, PHOENIX AZ 85012
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
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
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

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