Skyline Corporation (SKY)
Fixed asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,409,422 | 2,324,270 | 2,177,372 | 2,019,875 | 1,993,721 | 2,017,688 | 2,351,771 | 2,602,929 | 2,759,060 | 2,705,511 | 2,420,092 | 2,204,284 | 2,013,709 | 1,857,108 | 1,655,230 | 1,418,064 | 1,272,688 | 1,237,018 | 1,269,592 | 1,368,795 |
| Property, plant and equipment | US$ in thousands | 304,166 | 300,840 | 293,390 | 290,930 | 287,708 | 191,766 | 184,259 | 177,125 | 165,857 | 156,971 | 144,933 | 132,985 | 127,196 | 122,905 | 121,313 | 115,140 | 103,826 | 104,678 | 107,975 | 109,291 |
| Fixed asset turnover | 7.92 | 7.73 | 7.42 | 6.94 | 6.93 | 10.52 | 12.76 | 14.70 | 16.64 | 17.24 | 16.70 | 16.58 | 15.83 | 15.11 | 13.64 | 12.32 | 12.26 | 11.82 | 11.76 | 12.52 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,409,422K ÷ $304,166K
= 7.92
The fixed asset turnover ratio for Skyline Corporation has shown a fluctuating trend over the past few years based on the provided data. Starting at a high of 12.52 in March 2020, the ratio gradually decreased to 6.93 by December 2023. This decline indicates that the company's fixed assets were being utilized less efficiently to generate revenue during this period.
However, there seems to be a positive turnaround starting from March 2024, with the fixed asset turnover ratio slightly increasing to 7.92 by December 2024. This uptick suggests that Skyline Corporation may have improved its utilization of fixed assets to generate sales compared to the preceding quarters.
It is important for the company to closely monitor and analyze this ratio to ensure efficient utilization of fixed assets in generating revenue. A higher fixed asset turnover ratio is generally favorable as it indicates that the company is generating more revenue per dollar invested in fixed assets.
Peer comparison
Dec 31, 2024