Cavco Short Term Debt vs Net Receivables Analysis

CVCO Stock

USD 500.00 3.69 0.73%

Cavco Industries financial indicator trend analysis is way more than just evaluating Cavco Industries prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cavco Industries is a good investment. Please check the relationship between Cavco Industries Short Term Debt and its Net Receivables accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cavco Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

To learn how to invest in Cavco Stock, please use our How to Invest in Cavco Industries guide.

Short Term Debt vs Net Receivables

Short Term Debt vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cavco Industries Short Term Debt account and Net Receivables. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Cavco Industries' Short Term Debt and Net Receivables is -0.54. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Cavco Industries, assuming nothing else is changed. The correlation between historical values of Cavco Industries' Short Term Debt and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Debt of Cavco Industries are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Short Term Debt i.e., Cavco Industries' Short Term Debt and Net Receivables go up and down completely randomly.

Correlation Coefficient

-0.54

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Short Term Debt

Net Receivables

Most indicators from Cavco Industries' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cavco Industries current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cavco Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

To learn how to invest in Cavco Stock, please use our How to Invest in Cavco Industries guide.At this time, Cavco Industries' Selling General Administrative is very stable compared to the past year. As of the 11th of December 2024, Enterprise Value Over EBITDA is likely to grow to 19.63, while Tax Provision is likely to drop about 26.5 M.

	2021	2022	2023	2024 (projected)
Interest Expense	702K	910K	1.6M	2.2M
Depreciation And Amortization	11.0M	16.9M	18.5M	19.5M

Interest Expense Depreciation And Amortization

Cavco Industries fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Non Current Assets Total	Net Receivables	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Cash And Short Term Investments	Other Liab	Accounts Payable	Long Term Debt	Short Term Investments	Intangible Assets	Property Plant Equipment	Retained Earnings
Total Assets		-0.2	0.97	0.98	0.99	0.97	-0.92	0.96	0.98	0.73	0.53	-0.33	0.98	0.93	-0.14	0.96	0.94	0.99	0.94	-0.87	0.7	-0.59	0.82	0.06	0.96	0.97
Short Long Term Debt Total	-0.2		-0.29	-0.23	-0.22	-0.23	0.39	-0.13	-0.24	-0.41	0.22	0.56	-0.19	-0.47	0.42	-0.05	-0.19	-0.22	-0.2	0.14	-0.2	0.53	-0.13	-0.59	-0.22	-0.26
Other Current Liab	0.97	-0.29		0.98	0.97	0.94	-0.93	0.9	0.97	0.76	0.47	-0.45	0.95	0.97	-0.21	0.92	0.91	0.98	0.94	-0.82	0.71	-0.69	0.83	0.2	0.94	0.96
Total Current Liabilities	0.98	-0.23	0.98		0.97	0.91	-0.93	0.9	0.99	0.72	0.59	-0.43	0.96	0.93	-0.05	0.95	0.86	0.99	0.94	-0.89	0.8	-0.65	0.88	0.06	0.9	0.92
Total Stockholder Equity	0.99	-0.22	0.97	0.97		0.96	-0.94	0.93	0.98	0.74	0.55	-0.43	0.96	0.94	-0.17	0.92	0.93	0.99	0.95	-0.86	0.7	-0.68	0.81	0.13	0.95	0.98
Property Plant And Equipment Net	0.97	-0.23	0.94	0.91	0.96		-0.84	0.98	0.93	0.8	0.33	-0.28	0.97	0.94	-0.35	0.9	0.99	0.94	0.85	-0.75	0.54	-0.55	0.67	0.22	1.0	0.99
Net Debt	-0.92	0.39	-0.93	-0.93	-0.94	-0.84		-0.8	-0.91	-0.65	-0.55	0.54	-0.84	-0.91	0.1	-0.83	-0.82	-0.95	-0.98	0.88	-0.74	0.75	-0.86	-0.11	-0.84	-0.89
Non Current Assets Total	0.96	-0.13	0.9	0.9	0.93	0.98	-0.8		0.92	0.71	0.4	-0.12	0.96	0.87	-0.2	0.95	0.95	0.92	0.83	-0.79	0.56	-0.4	0.69	0.02	0.97	0.95
Net Receivables	0.98	-0.24	0.97	0.99	0.98	0.93	-0.91	0.92		0.75	0.56	-0.43	0.98	0.94	-0.11	0.94	0.89	0.99	0.92	-0.87	0.78	-0.66	0.85	0.11	0.93	0.95
Good Will	0.73	-0.41	0.76	0.72	0.74	0.8	-0.65	0.71	0.75		0.12	-0.44	0.78	0.82	-0.49	0.62	0.76	0.72	0.59	-0.5	0.58	-0.63	0.55	0.49	0.79	0.79
Common Stock Shares Outstanding	0.53	0.22	0.47	0.59	0.55	0.33	-0.55	0.4	0.56	0.12		-0.17	0.48	0.31	0.67	0.59	0.27	0.57	0.62	-0.67	0.73	-0.29	0.75	-0.53	0.31	0.37
Non Current Liabilities Total	-0.33	0.56	-0.45	-0.43	-0.43	-0.28	0.54	-0.12	-0.43	-0.44	-0.17		-0.31	-0.54	0.29	-0.11	-0.26	-0.42	-0.45	0.37	-0.44	0.94	-0.36	-0.61	-0.28	-0.39
Inventory	0.98	-0.19	0.95	0.96	0.96	0.97	-0.84	0.96	0.98	0.78	0.48	-0.31		0.92	-0.17	0.95	0.92	0.96	0.86	-0.82	0.69	-0.56	0.77	0.12	0.96	0.95
Other Current Assets	0.93	-0.47	0.97	0.93	0.94	0.94	-0.91	0.87	0.94	0.82	0.31	-0.54	0.92		-0.38	0.83	0.91	0.93	0.87	-0.73	0.63	-0.75	0.72	0.38	0.94	0.95
Other Stockholder Equity	-0.14	0.42	-0.21	-0.05	-0.17	-0.35	0.1	-0.2	-0.11	-0.49	0.67	0.29	-0.17	-0.38		0.04	-0.42	-0.11	-0.03	-0.19	0.32	0.34	0.28	-0.86	-0.37	-0.35
Total Liab	0.96	-0.05	0.92	0.95	0.92	0.9	-0.83	0.95	0.94	0.62	0.59	-0.11	0.95	0.83	0.04		0.86	0.93	0.87	-0.85	0.7	-0.38	0.84	-0.14	0.9	0.88
Property Plant And Equipment Gross	0.94	-0.19	0.91	0.86	0.93	0.99	-0.82	0.95	0.89	0.76	0.27	-0.26	0.92	0.91	-0.42	0.86		0.91	0.84	-0.7	0.46	-0.53	0.61	0.24	0.99	0.98
Total Current Assets	0.99	-0.22	0.98	0.99	0.99	0.94	-0.95	0.92	0.99	0.72	0.57	-0.42	0.96	0.93	-0.11	0.93	0.91		0.97	-0.89	0.74	-0.67	0.86	0.08	0.94	0.96
Cash And Short Term Investments	0.94	-0.2	0.94	0.94	0.95	0.85	-0.98	0.83	0.92	0.59	0.62	-0.45	0.86	0.87	-0.03	0.87	0.84	0.97		-0.9	0.72	-0.68	0.87	0.0	0.86	0.9
Other Liab	-0.87	0.14	-0.82	-0.89	-0.86	-0.75	0.88	-0.79	-0.87	-0.5	-0.67	0.37	-0.82	-0.73	-0.19	-0.85	-0.7	-0.89	-0.9		-0.79	0.54	-0.87	0.22	-0.73	-0.78
Accounts Payable	0.7	-0.2	0.71	0.8	0.7	0.54	-0.74	0.56	0.78	0.58	0.73	-0.44	0.69	0.63	0.32	0.7	0.46	0.74	0.72	-0.79		-0.56	0.94	-0.14	0.53	0.58
Long Term Debt	-0.59	0.53	-0.69	-0.65	-0.68	-0.55	0.75	-0.4	-0.66	-0.63	-0.29	0.94	-0.56	-0.75	0.34	-0.38	-0.53	-0.67	-0.68	0.54	-0.56		-0.55	-0.58	-0.55	-0.65
Short Term Investments	0.82	-0.13	0.83	0.88	0.81	0.67	-0.86	0.69	0.85	0.55	0.75	-0.36	0.77	0.72	0.28	0.84	0.61	0.86	0.87	-0.87	0.94	-0.55		-0.19	0.67	0.71
Intangible Assets	0.06	-0.59	0.2	0.06	0.13	0.22	-0.11	0.02	0.11	0.49	-0.53	-0.61	0.12	0.38	-0.86	-0.14	0.24	0.08	0.0	0.22	-0.14	-0.58	-0.19		0.23	0.24
Property Plant Equipment	0.96	-0.22	0.94	0.9	0.95	1.0	-0.84	0.97	0.93	0.79	0.31	-0.28	0.96	0.94	-0.37	0.9	0.99	0.94	0.86	-0.73	0.53	-0.55	0.67	0.23		0.99
Retained Earnings	0.97	-0.26	0.96	0.92	0.98	0.99	-0.89	0.95	0.95	0.79	0.37	-0.39	0.95	0.95	-0.35	0.88	0.98	0.96	0.9	-0.78	0.58	-0.65	0.71	0.24	0.99

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Cavco Industries Account Relationship Matchups

Cavco Industries fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	810.4M	951.8M	1.2B	1.3B	1.4B	1.4B
Short Long Term Debt Total	25.7M	25.5M	24.8M	21.7M	35.1M	42.4M
Other Current Liab	117.9M	203.2M	225.4M	234.8M	239.7M	251.7M
Total Current Liabilities	172.1M	237.1M	294.2M	293.4M	273.3M	286.9M
Total Stockholder Equity	607.6M	683.6M	830.5M	976.3M	1.0B	1.1B
Property Plant And Equipment Net	91.1M	113.0M	181.0M	255.0M	263.2M	276.4M
Net Debt	(216.1M)	(296.7M)	(219.4M)	(249.7M)	(317.5M)	(301.7M)
Non Current Assets Total	294.2M	300.0M	410.9M	503.4M	502.4M	527.5M
Net Receivables	90.6M	104.3M	149.3M	150.4M	141.2M	148.2M
Common Stock Shares Outstanding	9.3M	9.3M	9.3M	8.9M	8.6M	8.6M
Liabilities And Stockholders Equity	810.4M	951.8M	1.2B	1.3B	1.4B	1.4B
Non Current Liabilities Total	30.7M	31.1M	29.5M	37.1M	47.5M	40.9M
Inventory	113.5M	131.2M	244.0M	263.2M	241.3M	253.4M
Other Current Assets	42.2M	74.5M	86.6M	104.6M	98.4M	103.3M
Other Stockholder Equity	252.3M	252.4M	202.0M	107.5M	6.5M	6.2M
Total Liab	202.8M	268.2M	323.7M	330.5M	320.7M	336.8M
Property Plant And Equipment Gross	91.1M	113.0M	181.0M	255.0M	339.9M	356.9M
Total Current Assets	516.2M	651.8M	744.1M	804.6M	851.8M	894.4M
Accumulated Other Comprehensive Income	90K	97K	(403K)	(615K)	(333K)	(316.4K)
Cash And Short Term Investments	256.4M	341.8M	264.2M	286.4M	371.0M	389.5M
Other Liab	7.0M	7.3M	7.4M	5.5M	5.0M	4.7M
Accounts Payable	29.9M	32.1M	43.1M	30.7M	33.5M	17.6M
Long Term Debt	14.6M	12.7M	10.3M	10.8M	9.8M	9.3M
Short Term Investments	14.6M	19.5M	20.1M	15.0M	18.3M	12.7M
Intangible Assets	15.1M	14.4M	28.5M	29.8M	28.2M	30.6M
Property Plant Equipment	77.2M	113.0M	181.0M	228.3M	262.5M	275.6M
Retained Earnings	355.1M	431.1M	628.8M	869.3M	1.0B	1.1B
Cash	241.8M	322.3M	244.2M	271.4M	352.7M	370.3M
Short Term Debt	2.2M	1.8M	(24.9M)	6.6M	5.4M	6.7M
Net Tangible Assets	528.1M	594.2M	701.0M	968.2M	1.1B	1.2B
Current Deferred Revenue	22.1M	41.8M	56.3M	45.2M	33.4M	28.1M
Retained Earnings Total Equity	280.1M	355.1M	431.1M	869.3M	999.7M	1.0B
Capital Surpluse	249.4M	252.3M	253.8M	272.0M	312.7M	249.7M
Deferred Long Term Liab	7.0M	7.3M	7.4M	7.6M	6.8M	11.0M
Long Term Investments	112.6M	35.0M	34.9M	99.7M	17.3M	16.5M

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.

Moving together with Cavco Stock

0.84	RL	Ralph Lauren Corp	Pair Corr
0.72	UA	Under Armour C	Pair Corr

Moving against Cavco Stock

0.7	JXJT	JX Luxventure Limited	Pair Corr
0.67	DHI	DR Horton	Pair Corr
0.63	DOOO	BRP Inc	Pair Corr
0.61	VNCE	Vince Holding Corp	Pair Corr
0.61	CRI	Carters	Pair Corr

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 Correlation Correlation 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:

How To Invest In Cavco

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Is Cavco Stock a good investment?

Details

What is Cavco Industries' Net Worth?

Details

Largest Household Durables Companies

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Largest Consumer Durables & Apparel Companies

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cavco Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

To learn how to invest in Cavco Stock, please use our How to Invest in Cavco Industries guide.

You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.

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.

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Cavco Short Term Debt vs Net Receivables Analysis

Short Term Debt vs Net Receivables

Short Term Debt vs Net Receivables Correlation Analysis

Correlation Coefficient

Short Term Debt

Net Receivables

Cavco Industries fundamental ratios Correlations

Cavco Industries Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Cavco Industries fundamental ratios Accounts

Pair Trading with Cavco Industries

Moving together with Cavco Stock

Moving against Cavco Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Property Plant Equipment	+ 1.0	Property Plant And Equipment Net
Total Stockholder Equity	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Total Assets
Net Receivables	+ 0.99	Total Current Liabilities
Total Current Assets	+ 0.99	Total Current Liabilities
Total Current Assets	+ 0.99	Total Stockholder Equity

Cash And Short Term Investments	- 0.98	Net Debt
Total Current Assets	- 0.95	Net Debt
Net Debt	- 0.94	Total Stockholder Equity
Net Debt	- 0.93	Total Current Liabilities
Net Debt	- 0.93	Other Current Liab
Net Debt	- 0.92	Total Assets