Cavco Industries, Inc. — Earnings Quality Grade D
CVCO · Consumer Cyclical
Significant concerns
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 19 days, change +3 days YoY
AR outpaced revenue for 2 consecutive years
Revenue grew 12.3% but CFFO declined -20.6%
Expense Quality
Inventory 4.7% vs COGS 13.3%. Normal
CapEx growth 23.0% vs revenue 12.3%. Normal
SG&A/Gross Profit = 59.1%. Normal
Gross margin 23.1%, change -0.7pp. Stable
Cash Flow Quality
CFFO/NI = 1.04. Profits backed by cash
FCF $0.2B, FCF/NI = 0.92
Accruals ratio = -0.5%. Low accruals
Cash $0.4B covers debt $0.0B
Balance Sheet Health
Goodwill+Intangibles $0.1B = 13% of equity. Manageable
Debt/EBITDA = 0.1x. Healthy
Other assets 0.0% vs revenue 12.3%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change -8% YoY. Normal
Manipulation Score
M-Score = -2.22 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25