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RV Index Composite Performance Snapshot
Updated September 22, 2011
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The RV Index Composite
Performance Snapshot is the combined financials of the index companies
and provides an overall sense of the performance of the industry as a
whole.
The Most Recent Quarter (MRQ) is the quarter most
recently reported by the company and they are offset by as much as two
months based on the company's reporting calendar. In other words, a
given quarter is not aligned by month, just quarter. Therefore, the most
recent quarter in the charts below includes the quarters ending in
April, May and June of 2011. |
|
RV Stock Index |
Quarter |
|
|
Consolidated Income Statement |
MRQ-8 |
MRQ-7 |
MRQ-6 |
MRQ-5 |
MRQ-4 |
MRQ-3 |
MRQ-2 |
MRQ-1 |
MRQ |
TTM |
|
Revenue |
1,158,547 |
1,271,768 |
1,365,287 |
1,284,013 |
1,697,894 |
1,785,253 |
1,694,221 |
1,559,942 |
2,043,928 |
7,083,344 |
|
Cost of Goods Sold |
977,221 |
1,052,925 |
1,117,920 |
1,072,959 |
1,399,508 |
1,461,525 |
1,385,275 |
1,288,229 |
1,674,073 |
5,809,102 |
|
Gross Margin |
181,326 |
218,843 |
247,367 |
211,054 |
298,386 |
323,728 |
308,946 |
271,713 |
369,855 |
1,274,242 |
|
As a % of Sales |
15.7% |
17.2% |
18.1% |
16.4% |
17.6% |
18.1% |
18.2% |
17.4% |
18.1% |
18.0% |
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Operating Expenses |
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R&D |
19,566 |
19,441 |
20,335 |
24,017 |
22,175 |
26,258 |
29,402 |
26,547 |
28,257 |
110,464 |
|
SG&A |
126,295 |
119,682 |
130,519 |
132,405 |
158,952 |
154,837 |
165,745 |
159,619 |
188,625 |
668,826 |
|
Non Recurring |
7,847 |
1,840 |
8,978 |
- |
2,275 |
(769) |
2,036 |
- |
2,480 |
3,747 |
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Others |
88 |
563 |
181 |
203 |
278 |
235 |
2,262 |
2,661 |
2,905 |
8,063 |
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Operating Expenses |
153,796 |
141,526 |
160,013 |
156,625 |
183,680 |
180,561 |
199,445 |
188,827 |
222,267 |
791,100 |
|
As a % of Sales |
13.3% |
11.1% |
11.7% |
12.2% |
10.8% |
10.1% |
11.8% |
12.1% |
10.9% |
11.2% |
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Operating Income |
27,530 |
77,317 |
87,354 |
54,429 |
114,706 |
143,167 |
109,501 |
82,886 |
147,588 |
483,142 |
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As a % of Sales |
2.4% |
6.1% |
6.4% |
4.2% |
6.8% |
8.0% |
6.5% |
5.3% |
7.2% |
6.8% |
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Income from Continuing
Operations |
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Total Other Income/Expenses
Net |
600 |
2,984 |
10,466 |
4,868 |
1,351 |
9,489 |
7,977 |
6,275 |
1,815 |
25,556 |
|
Earnings Before Interest And
Taxes |
28,130 |
80,301 |
97,820 |
59,297 |
116,057 |
152,656 |
117,478 |
89,161 |
149,403 |
508,698 |
|
Interest Expense |
3,611 |
(2,205) |
1,496 |
1,275 |
1,252 |
5,493 |
(3,524) |
747 |
1,249 |
3,965 |
|
Income Before Tax |
24,519 |
82,506 |
96,324 |
58,022 |
114,805 |
147,163 |
121,002 |
88,414 |
148,154 |
504,733 |
|
Income Tax Expense |
14,715 |
67,933 |
23,596 |
23,674 |
54,258 |
44,658 |
28,925 |
22,156 |
38,129 |
133,868 |
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Minority Interest |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Net Income From Continuing
Ops |
9,804 |
14,573 |
72,728 |
34,348 |
60,547 |
102,505 |
92,077 |
66,258 |
110,025 |
370,865 |
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Non-recurring Events |
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Discontinued Operations |
824 |
203 |
(564) |
- |
(2,706) |
(166) |
(222) |
- |
- |
(388) |
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Extraordinary Items |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Effect Of Accounting Changes |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
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Other Items |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Net Income |
10,628 |
14,776 |
72,164 |
34,348 |
57,841 |
102,339 |
91,855 |
66,258 |
110,025 |
370,477 |
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Preferred Stock And Other
Adjustments |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Net Income Applicable To
Common Shares |
11,452 |
14,979 |
71,600 |
34,348 |
55,135 |
102,173 |
91,633 |
66,258 |
110,025 |
370,089 |
|
As a % of Sales |
1.0% |
1.2% |
5.2% |
2.7% |
3.2% |
5.7% |
5.4% |
4.2% |
5.4% |
5.2% |
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EBITDA |
54,603 |
111,029 |
123,361 |
89,415 |
147,987 |
178,251 |
145,466 |
121,491 |
185,099 |
740,566 |
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As a % of Sales |
4.7% |
8.7% |
9.0% |
7.0% |
8.7% |
10.0% |
8.6% |
7.8% |
9.1% |
10.5% |
|
RV Stock Index Quarter-on-Quarter Change |
|
RV Stock Index (Δ% from
previous Quarter) |
Quarter |
|
Consolidated Income Statement |
MRQ-8 |
MRQ-7 |
MRQ-6 |
MRQ-5 |
MRQ-4 |
MRQ-3 |
MRQ-2 |
MRQ-1 |
MRQ |
|
Revenue |
36.4% |
9.8% |
7.4% |
-6.0% |
32.2% |
5.1% |
-5.1% |
-7.9% |
31.0% |
|
Cost of Goods Sold |
32.0% |
7.7% |
6.2% |
-4.0% |
30.4% |
4.4% |
-5.2% |
-7.0% |
30.0% |
|
Gross Margin |
65.9% |
20.7% |
13.0% |
-14.7% |
41.4% |
8.5% |
-4.6% |
-12.1% |
36.1% |
|
As a % of Sales -- ppt |
2.8% |
1.6% |
0.9% |
-1.7% |
1.1% |
0.6% |
0.1% |
-0.8% |
0.7% |
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Operating Expenses |
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R&D |
-8.4% |
-0.6% |
4.6% |
18.1% |
-7.7% |
18.4% |
12.0% |
-9.7% |
6.4% |
|
SG&A |
2.9% |
-5.2% |
9.1% |
1.4% |
20.0% |
-2.6% |
7.0% |
-3.7% |
18.2% |
|
Operating Expenses |
-18.0% |
-8.0% |
13.1% |
-2.1% |
17.3% |
-1.7% |
10.5% |
-5.3% |
17.7% |
|
As a % of Sales -- ppt |
-8.8% |
-2.1% |
0.6% |
0.5% |
-1.4% |
-0.7% |
1.7% |
0.3% |
-1.2% |
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Operating Income |
-135.2% |
180.8% |
13.0% |
-37.7% |
110.7% |
24.8% |
-23.5% |
-24.3% |
78.1% |
|
As a % of Sales -- ppt |
11.6% |
3.7% |
0.3% |
-2.2% |
2.5% |
1.3% |
-1.6% |
-1.1% |
1.9% |
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EBITDA |
-217.7% |
103.3% |
11.1% |
-27.5% |
65.5% |
20.5% |
-18.4% |
-16.5% |
52.4% |
|
As a % of Sales -- ppt |
10.2% |
4.0% |
0.3% |
-2.1% |
1.8% |
1.3% |
-1.4% |
-0.8% |
1.3% |
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Income from Continuing
Operations |
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Total Other Income/Expenses
Net |
-108.6% |
397.3% |
250.7% |
-53.5% |
-72.2% |
602.4% |
-15.9% |
-21.3% |
-71.1% |
|
Earnings Before Interest And
Taxes |
-133.0% |
185.5% |
21.8% |
-39.4% |
95.7% |
31.5% |
-23.0% |
-24.1% |
67.6% |
|
Interest Expense |
-1.5% |
-161.1% |
-167.8% |
-14.8% |
-1.8% |
338.7% |
-164.2% |
-121.2% |
67.2% |
|
Income Before Tax |
-127.6% |
236.5% |
16.7% |
-39.8% |
97.9% |
28.2% |
-17.8% |
-26.9% |
67.6% |
|
Income Tax Expense |
-174.5% |
361.7% |
-65.3% |
0.3% |
129.2% |
-17.7% |
-35.2% |
-23.4% |
72.1% |
|
Net Income From Continuing
Ops |
-114.2% |
48.6% |
399.1% |
-52.8% |
76.3% |
69.3% |
-10.2% |
-28.0% |
66.1% |
|
RV Stock Index |
Quarter |
|
|
Asset Management Metrics |
MRQ-8 |
MRQ-7 |
MRQ-6 |
MRQ-5 |
MRQ-4 |
MRQ-3 |
MRQ-2 |
MRQ-1 |
MRQ |
Average |
|
Asset Turns (Rev/Assets) |
2.8 |
2.9 |
3.1 |
3.1 |
3.8 |
3.6 |
3.5 |
3.1 |
4.0 |
3.3 |
|
Inventory Turns |
5.9 |
6.7 |
7.9 |
7.0 |
8.7 |
8.6 |
8.6 |
7.1 |
8.4 |
7.6 |
|
Days Sales Outstanding |
38 |
34 |
30 |
35 |
29 |
26 |
24 |
33 |
30 |
31 |
|
ST+LT Debt to Equity Ratio |
0.21 |
0.17 |
0.19 |
0.19 |
0.18 |
0.16 |
0.14 |
0.14 |
0.08 |
0.16 |
|
Return on Assets (Net
Inc/Assets) |
2.7% |
3.4% |
16.1% |
8.4% |
12.2% |
20.5% |
19.1% |
13.2% |
21.5% |
13.0% |
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|
Net Receivables |
483,153 |
481,141 |
458,332 |
494,955 |
551,225 |
520,839 |
457,375 |
572,751 |
678,601 |
522,041 |
|
Inventory |
661,722 |
628,947 |
566,954 |
616,454 |
641,885 |
678,681 |
647,248 |
730,268 |
794,226 |
662,932 |
|
Total Assets |
1,674,168 |
1,775,544 |
1,776,522 |
1,638,672 |
1,803,717 |
1,996,289 |
1,917,474 |
2,001,840 |
2,050,786 |
1,848,335 |
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Short Term Debt |
51,277 |
42,770 |
44,217 |
60,493 |
51,812 |
52,054 |
136,335 |
100,092 |
79 |
59,903 |
|
Long Term Debt |
293,930 |
240,279 |
263,249 |
225,003 |
223,448 |
214,583 |
115,235 |
162,498 |
156,055 |
210,476 |
|
Total Debt |
345,207 |
283,049 |
307,466 |
285,496 |
275,260 |
266,637 |
251,570 |
262,590 |
156,134 |
270,379 |
|
Debt to Equity Ratio |
0.21 |
0.17 |
0.19 |
0.19 |
0.18 |
0.16 |
0.14 |
0.14 |
0.08 |
0.16 |
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Total Liabilities |
1,199,288 |
1,192,669 |
1,226,784 |
1,224,731 |
1,383,579 |
1,359,434 |
1,350,744 |
1,437,019 |
1,410,778 |
1,309,447 |
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Total Shareholder Equity |
1,637,310 |
1,662,866 |
1,598,454 |
1,501,311 |
1,555,220 |
1,658,161 |
1,807,685 |
1,830,014 |
1,939,486 |
1,687,834 |
|
Total Liabilities +
Shareholder Equity |
2,836,598 |
2,855,535 |
2,825,238 |
2,726,042 |
2,938,799 |
3,017,595 |
3,158,429 |
3,267,033 |
3,350,264 |
2,997,281 |
|
Asset Management Metrics
Quarter-on-Quarter Change |
|
RV Stock Index (Δ% from
previous Quarter) |
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Quarter |
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|
Asset Management Metrics |
MRQ-8 |
MRQ-7 |
MRQ-6 |
MRQ-5 |
MRQ-4 |
MRQ-3 |
MRQ-2 |
MRQ-1 |
MRQ |
|
Asset Turns (Rev/Assets) |
25.6% |
3.5% |
7.3% |
2.0% |
20.1% |
-5.0% |
-1.2% |
-11.8% |
27.9% |
|
Inventory Turns |
41.7% |
13.4% |
17.8% |
-11.7% |
25.3% |
-1.2% |
-0.6% |
-17.6% |
19.5% |
|
Days Sales Outstanding |
-13.6% |
-9.3% |
-11.3% |
14.8% |
-15.8% |
-10.1% |
-7.5% |
36.0% |
-9.6% |
|
ST+LT Debt to Equity Ratio |
-9.9% |
-19.3% |
13.0% |
-1.1% |
-6.9% |
-9.1% |
-13.5% |
3.1% |
-43.9% |
|
Return on Assets (Net
Inc/Assets) |
-115.5% |
23.3% |
377.7% |
-48.0% |
45.8% |
67.4% |
-6.6% |
-30.7% |
62.1% |
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|
Net Receivables |
17.8% |
-0.4% |
-4.7% |
8.0% |
11.4% |
-5.5% |
-12.2% |
25.2% |
18.5% |
|
Inventory |
-6.8% |
-5.0% |
-9.9% |
8.7% |
4.1% |
5.7% |
-4.6% |
12.8% |
8.8% |
|
Total Assets |
8.5% |
6.1% |
0.1% |
-7.8% |
10.1% |
10.7% |
-3.9% |
4.4% |
2.4% |
|
|
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|
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|
|
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|
Short Term Debt |
-9.2% |
-16.6% |
3.4% |
36.8% |
-14.4% |
0.5% |
161.9% |
-26.6% |
-99.9% |
|
Long Term Debt |
-5.2% |
-18.3% |
9.6% |
-14.5% |
-0.7% |
-4.0% |
-46.3% |
41.0% |
-4.0% |
|
Total Debt |
-5.8% |
-18.0% |
8.6% |
-7.1% |
-3.6% |
-3.1% |
-5.7% |
4.4% |
-40.5% |
|
Total Liabilities |
-0.4% |
-0.6% |
2.9% |
-0.2% |
13.0% |
-1.7% |
-0.6% |
6.4% |
-1.8% |
|
|
|
|
|
|
|
|
|
|
|
|
Total Shareholder Equity |
4.5% |
1.6% |
-3.9% |
-6.1% |
3.6% |
6.6% |
9.0% |
1.2% |
6.0% |
|
Total Liabilities +
Shareholder Equity |
2.3% |
0.7% |
-1.1% |
-3.5% |
7.8% |
2.7% |
4.7% |
3.4% |
2.5% |
|
Revenue / Employee |
Fiscal Year |
|
($ 000) |
2001 |
2002 |
2003 |
2004 |
2005 |
2006 |
2007 |
2008 |
2009 |
2010 |
|
Coachmen |
157 |
157 |
158 |
196 |
191 |
213 |
209 |
|
|
|
|
Coast Distribution |
|
|
|
424 |
441 |
437 |
406 |
441 |
389 |
410 |
|
Drew Industries |
|
|
|
145 |
147 |
198 |
191 |
230 |
130 |
190 |
|
Fleetwood |
|
168 |
178 |
189 |
187 |
212 |
216 |
259 |
|
|
|
Monaco |
194 |
211 |
208 |
235 |
205 |
215 |
238 |
|
|
|
|
Patrick Industries |
|
|
|
271 |
309 |
362 |
327 |
352 |
366 |
417 |
|
Polaris |
426 |
435 |
472 |
493 |
519 |
487 |
556 |
597 |
522 |
667 |
|
Skyline |
|
161 |
168 |
160 |
175 |
182 |
159 |
151 |
128 |
114 |
|
Spartan |
|
|
|
|
|
|
|
|
|
|
|
Thor |
239 |
231 |
273 |
293 |
302 |
327 |
338 |
374 |
293 |
328 |
|
Winnebago |
204 |
224 |
225 |
264 |
275 |
274 |
263 |
269 |
130 |
231 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Average |
244 |
227 |
241 |
267 |
275 |
291 |
290 |
334 |
280 |
336 |
|
Median |
204 |
211 |
208 |
250 |
240 |
245 |
250 |
310 |
293 |
328 |
|
Highest |
426 |
435 |
472 |
493 |
519 |
487 |
556 |
597 |
522 |
667 |
|
Lowest |
157 |
157 |
158 |
145 |
147 |
182 |
159 |
151 |
128 |
114 |
|
Trailing 12 Months |
CRV |
DW |
PATK |
PII |
SKY |
SPAR |
THO |
WGO |
ttm |
|
(As of Quarter Ending) |
6/30/11 |
6/30/11 |
6/26/11 |
6/30/11 |
5/31/11 |
6/30/11 |
4/30/11 |
5/28/11 |
avg. |
|
Net Income % |
-1.4% |
5.4% |
2.2% |
9.9% |
-16.4% |
0.8% |
4.2% |
2.7% |
5.2% |
|
Rank |
7 |
2 |
5 |
1 |
8 |
6 |
3 |
4 |
|
|
Operating Income % |
-1.0% |
8.3% |
2.0% |
12.5% |
-16.4% |
1.1% |
5.4% |
2.9% |
6.8% |
|
Rank |
7 |
2 |
5 |
1 |
8 |
6 |
3 |
4 |
|
|
EBITDA |
1.7% |
10.0% |
4.5% |
15.5% |
-14.7% |
3.6% |
6.9% |
4.2% |
0.0% |
|
Rank |
7 |
2 |
4 |
1 |
8 |
6 |
3 |
5 |
|
|
Gross Margin % |
16.6% |
22.2% |
11.8% |
27.8% |
1.1% |
14.7% |
12.4% |
8.7% |
18.0% |
|
Rank |
3 |
2 |
6 |
1 |
8 |
4 |
5 |
7 |
|
|
Operating Expense % |
17.6% |
13.8% |
9.7% |
15.3% |
17.6% |
13.6% |
7.0% |
5.7% |
11.2% |
|
Rank |
8 |
5 |
3 |
6 |
7 |
4 |
2 |
1 |
|
|
Asset Turns |
2.4 |
2.1 |
3.7 |
2.2 |
1.9 |
1.6 |
2.3 |
2.0 |
3.3 |
|
Rank |
2 |
5 |
1 |
4 |
7 |
8 |
|
