Skyline Corporation (SKY)

Fixed asset turnover is a key financial ratio that measures a company's ability to generate sales revenue from its investment in fixed assets. The fixed asset turnover ratio for Skyline Corporation has exhibited fluctuations over the past five years, ranging from highs to lows.

In March 2020, the fixed asset turnover was 12.49, indicating that Skyline generated $12.49 in sales for every $1 invested in fixed assets. The ratio decreased slightly to 12.31 in March 2021, showing a slight decline in efficiency in utilizing fixed assets to generate sales.

However, there was a notable increase in the fixed asset turnover to 16.57 in March 2022, signaling that the company significantly improved its efficiency in generating sales from fixed assets. This improvement may be attributed to better asset utilization, operational efficiency, or increased sales volume.

In the following years, the fixed asset turnover ratio remained relatively high but experienced a slight decrease. In March 2023, the ratio was 14.69, reflecting continued efficiency in utilizing fixed assets to generate revenue. However, by March 2024, the ratio dropped to 6.94, indicating a significant decline in efficiency compared to the previous year.

Overall, Skyline Corporation's fixed asset turnover ratio has shown fluctuations over the five-year period, with some years demonstrating higher efficiency in generating sales from fixed assets than others. It is important for the company to analyze the factors contributing to these fluctuations and continue to focus on optimizing the utilization of its fixed assets to drive revenue growth and profitability.

Peer comparison

Mar 31, 2024