Cavco Industries (Cavco Industries) Gross Profit : $449 Mil (TTM As of Dec. 2023)

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What is Cavco Industries Gross Profit?

Cavco Industries's gross profit for the three months ended in Dec. 2023 was $103 Mil. Cavco Industries's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was $449 Mil.

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%.

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

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%.

Cavco Industries Gross Profit Historical Data

The historical data trend for Cavco Industries's Gross Profit 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 Gross Profit Chart

Cavco Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Gross Profit

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205.71

230.52

238.98

408.75

554.93

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 Profit	Get a 7-Day Free Trial															131.97	120.64	117.88	106.96	103.05

Competitive Comparison of Cavco Industries's Gross Profit

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

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

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

Cavco Industries Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

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

Gross Profit (A: Mar. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	2142.713	-	1587.781
	=	555

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

Gross Profit (Q: Dec. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	446.769	-	343.718
	=	103

Gross Profit for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $449 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

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 )
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	103	/	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 Profit 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

Cavco Industries Gross Profit 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 » Gross Profit

Comparable Companies

MHO DFH TPH CCS GRBK LGIH SKY MDC KBH HOV DHI LEN PHM NVR TSE:1928 TOL IBP LSE:BKG MTH TSE:1911

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