Skyline Corporation (SKY)
Fixed asset turnover
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | — | 2,024,820 | 2,606,560 | 2,207,230 | 1,420,880 |
| Property, plant and equipment | US$ in thousands | — | — | 177,125 | 132,985 | 126,613 |
| Fixed asset turnover | — | — | 14.72 | 16.60 | 11.22 |
March 31, 2025 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $—K ÷ $—K
= —
Based on the fixed asset turnover ratios provided for Skyline Corporation for the years 2021 to 2025, we observe a significant fluctuation in this particular financial metric.
In 2021, the fixed asset turnover ratio stood at 11.22, indicating that Skyline Corporation generated $11.22 in revenue for every dollar invested in fixed assets during that year. This suggests efficient utilization of fixed assets to generate sales.
The ratio improved notably in 2022 to 16.60, signifying that the company increased its revenue generation relative to its fixed asset base. This could be a result of improved operational efficiency or increased sales.
However, there was a slight decline in the fixed asset turnover ratio in 2023 to 14.72, although it remained relatively high compared to the 2021 figure. This may be indicative of a slowdown in revenue growth relative to the growth in the fixed asset base.
Unfortunately, the data for 2024 and 2025 is not available, represented by "—". Without this information, it is challenging to assess the company's recent performance in terms of fixed asset turnover.
In conclusion, while Skyline Corporation demonstrated efficient utilization of fixed assets to generate revenue in the years for which data is available, the absence of information for the latest years limits a comprehensive analysis of the trend in fixed asset turnover ratios. Additional data would be necessary to provide a more detailed assessment of the company's performance in this area.
Peer comparison
Mar 31, 2025