NVR, Inc. (NVR) has reported a 12.60 percent rise in profit for the quarter ended Dec. 31, 2016. The company has earned $150.89 million, or $37.80 a share in the quarter, compared with $134 million, or $31.92 a share for the same period last year.
Revenue during the quarter grew 12.47 percent to $1,719.12 million from $1,528.55 million in the previous year period.
Cost of revenue rose 14.12 percent or $174.85 million during the quarter to $1,413.44 million. Gross margin for the quarter contracted 119 basis points over the previous year period to 17.78 percent.
Operating income for the quarter was $214.15 million, compared with $198.04 million in the previous year period.
Other income during the quarter was $0.60 million, up 28.11 percent or $0.13 million from year-ago period.
Accounts payable increased 10.45 percent or $23.77 million to $251.21 million on Dec. 31, 2016.
Investments stood at $351.96 million as on Dec. 31, 2016, up 10.14 percent or $32.41 million from year-ago.
Total assets grew 5.26 percent or $132.22 million to $2,643.94 million on Dec. 31, 2016. On the other hand, total liabilities were at $1,339.50 million as on Dec. 31, 2016, up 5.26 percent or $66.95 million from year-ago.
Return on assets moved up 39 basis points to 5.94 percent in the quarter. At the same time, return on equity moved up 75 basis points to 11.57 percent in the quarter.
Debt remains almost stable
Total debt was almost stable over the past one year at $596.46 million on Dec. 31, 2016. Shareholders equity stood at $1,304.44 million as on Dec. 31, 2016, up 5.27 percent or $65.28 million from year-ago. As a result, debt to equity ratio went down 2 basis points to 0.46 percent in the quarter.
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