NVR, Inc. (NVR) has reported a 57.61 percent jump in profit for the quarter ended Mar. 31, 2017. The company has earned $102.92 million, or $25.12 a share in the quarter, compared with $65.30 million, or $15.79 a share for the same period last year.
Revenue during the quarter grew 11.65 percent to $1,278.50 million from $1,145.05 million in the previous year period.
Cost of revenue rose 10.83 percent or $100.26 million during the quarter to $1,026.02 million. Gross margin for the quarter expanded 60 basis points over the previous year period to 19.75 percent.
Total expenses were $1,155.74 million for the quarter, up 10.43 percent or $109.18 million from year-ago period. Operating margin for the quarter expanded 100 basis points over the previous year period to 9.60 percent.
Other income during the quarter was $1.41 million, up 37.66 percent or $0.39 million from year-ago period.
Real estate inventory remains almost stable
Real estate inventory stood at $1,232.43 million as on Mar. 31, 2017. Accounts payable stood at $237.70 million as on Mar. 31, 2017.
Total assets stood at $2,742.30million as on Mar. 31, 2017. On the other hand, total liabilities were at $1,334.63 million as on Mar. 31, 2017.
Return on assets was at 3.97 percent in the quarter. At the same time, return on equity was at 7.31 percent in the quarter.
Total debt was at $596.61 million as on Mar. 31, 2017. Shareholders equity was at $1,407.67 million as on Mar. 31, 2017. Meanwhile, debt to equity ratio was at 0.42 percent in the quarter.
Disclaimer: Please note that this is an auto-generated article. IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website. For queries contact: editor@irisindia.net
