Skyline Corporation (SKY)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 6.64 | 6.65 | 6.34 | 5.84 | 6.05 | 9.51 | 9.86 | 10.38 | 9.95 | 8.98 | 6.84 | 7.80 | 9.51 | 9.01 | 7.65 | 7.66 | 8.86 | 9.19 | 10.39 | 10.22 | |
| DOH | days | 54.99 | 54.85 | 57.55 | 62.46 | 60.37 | 38.37 | 37.04 | 35.17 | 36.70 | 40.64 | 53.37 | 46.81 | 38.37 | 40.52 | 47.73 | 47.67 | 41.20 | 39.74 | 35.12 | 35.73 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 6.64
= 54.99
The days of inventory on hand (DOH) for Skyline Corporation have shown fluctuating trends over the past few years. From March 31, 2020, to December 31, 2024, the DOH varied between a low of 35.12 days in June 2020 and a high of 62.46 days in March 2024.
During the period, the highest DOH was observed in the first quarter of 2024, indicating that Skyline Corporation held inventory for an average of 62.46 days before selling it. This could suggest potential inefficiencies in managing the inventory turnover process, leading to higher carrying costs and potentially obsolete inventory concerns.
Conversely, the lowest DOH was recorded in the second quarter of 2020, reflecting a tighter control over inventory levels and a more efficient inventory turnover process during that period.
Overall, monitoring the DOH can provide insights into Skyline Corporation's inventory management efficiency, helping to optimize working capital utilization and improve overall operational performance.
Peer comparison
Dec 31, 2024