Cavco Net Income Applicable To Common Shares from 2010 to 2024

CVCO Stock  USD 500.00  3.69  0.73%   
Cavco Industries Net Income Applicable To Common Shares yearly trend continues to be very stable with very little volatility. Net Income Applicable To Common Shares is likely to grow to about 290.8 M this year. Net Income Applicable To Common Shares is the net income that remains after preferred dividends have been deducted, available to common shareholders. View All Fundamentals
 
Net Income Applicable To Common Shares  
First Reported
2001-06-30
Previous Quarter
47.6 M
Current Value
46.4 M
Quarterly Volatility
16.6 M
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Cavco Industries financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Cavco Industries' main balance sheet or income statement drivers, such as Depreciation And Amortization of 19.5 M, Interest Expense of 2.2 M or Selling General Administrative of 260.3 M, as well as many indicators such as Price To Sales Ratio of 1.8, Dividend Yield of 0.0 or PTB Ratio of 3.43. Cavco financial statements analysis is a perfect complement when working with Cavco Industries Valuation or Volatility modules.
  
Check out the analysis of Cavco Industries Correlation against competitors.
To learn how to invest in Cavco Stock, please use our How to Invest in Cavco Industries guide.

Latest Cavco Industries' Net Income Applicable To Common Shares Growth Pattern

Below is the plot of the Net Income Applicable To Common Shares of Cavco Industries over the last few years. It is the net income that remains after preferred dividends have been deducted, available to common shareholders. Cavco Industries' Net Income Applicable To Common Shares historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Cavco Industries' overall financial position and show how it may be relating to other accounts over time.
Net Income Applicable To Common Shares10 Years Trend
Slightly volatile
   Net Income Applicable To Common Shares   
       Timeline  

Cavco Net Income Applicable To Common Shares Regression Statistics

Arithmetic Mean95,054,711
Geometric Mean48,909,536
Coefficient Of Variation107.57
Mean Deviation83,480,509
Median61,502,000
Standard Deviation102,247,584
Sample Variance10454.6T
Range287.7M
R-Value0.90
Mean Square Error2222.3T
R-Squared0.80
Slope20,482,937
Total Sum of Squares146364T

Cavco Net Income Applicable To Common Shares History

2024290.8 M
2023277 M
2022240.8 M
2021197.7 M
202076.6 M
201975.1 M
201868.6 M

About Cavco Industries Financial Statements

Cavco Industries investors utilize fundamental indicators, such as Net Income Applicable To Common Shares, to predict how Cavco Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
Last ReportedProjected for Next Year
Net Income Applicable To Common Shares277 M290.8 M

Pair Trading with Cavco Industries

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Cavco Industries position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Cavco Industries will appreciate offsetting losses from the drop in the long position's value.

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Moving against Cavco Stock

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The ability to find closely correlated positions to Cavco Industries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cavco Industries when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Cavco Industries - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Cavco Industries to buy it.
The correlation of Cavco Industries is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cavco Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cavco Industries moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Cavco Industries can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Cavco Industries offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Cavco Industries' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Cavco Industries Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Cavco Industries Stock:
Check out the analysis of Cavco Industries Correlation against competitors.
To learn how to invest in Cavco Stock, please use our How to Invest in Cavco Industries guide.
You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Is Household Durables space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cavco Industries. If investors know Cavco will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cavco Industries listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.109
Earnings Share
17.7
Revenue Per Share
223.038
Quarterly Revenue Growth
0.123
Return On Assets
0.0739
The market value of Cavco Industries is measured differently than its book value, which is the value of Cavco that is recorded on the company's balance sheet. Investors also form their own opinion of Cavco Industries' value that differs from its market value or its book value, called intrinsic value, which is Cavco Industries' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cavco Industries' market value can be influenced by many factors that don't directly affect Cavco Industries' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Cavco Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Cavco Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cavco Industries' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.