Skyline Corporation (SKY)
Fixed asset turnover
| Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,483,448 | 2,381,111 | 2,295,641 | 2,143,000 | 1,979,990 | 1,979,992 | 2,002,859 | 2,345,448 | 2,606,560 | 2,753,145 | 2,705,513 | 2,422,913 | 2,207,229 | 2,016,761 | 1,859,652 | 1,657,793 | 1,420,881 | 1,274,377 | 1,239,035 | 1,271,127 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | — | 191,766 | 184,259 | 177,125 | 165,857 | 156,971 | 144,933 | 132,985 | 127,196 | 122,905 | 121,313 | 126,613 | 103,826 | 117,062 | 107,975 |
| Fixed asset turnover | — | — | — | — | — | — | 10.44 | 12.73 | 14.72 | 16.60 | 17.24 | 16.72 | 16.60 | 15.86 | 15.13 | 13.67 | 11.22 | 12.27 | 10.58 | 11.77 |
March 31, 2025 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,483,448K ÷ $—K
= —
The fixed asset turnover ratio measures the efficiency of Skyline Corporation in utilizing its fixed assets to generate revenue. A higher fixed asset turnover ratio indicates that the company is generating more revenue per dollar invested in fixed assets.
Looking at the data provided, we observe fluctuations in Skyline Corporation's fixed asset turnover ratio over the period from June 30, 2020, to March 31, 2025. The ratio started at 11.77 on June 30, 2020, remained relatively stable around 10-12 over the following quarters, and then showed a significant increase to 15.13 on September 30, 2021. This increase implies that Skyline Corporation was able to generate more revenue relative to its fixed assets during that period.
Subsequently, the fixed asset turnover ratio continued to improve, reaching its peak at 17.24 on September 30, 2022, indicating a further increase in revenue generation efficiency. However, the ratio started to decline gradually thereafter, dropping to 10.44 on September 30, 2023. This decrease could signal a potential slowdown in revenue generation relative to the company's fixed asset base during that period.
It is worth noting that the data for the fixed asset turnover ratio is missing from December 31, 2023, onwards, preventing a complete analysis of the trend beyond that point. In general, an upward trend in the fixed asset turnover ratio is usually considered favorable, as it indicates improved efficiency in asset utilization and revenue generation for Skyline Corporation. Further analysis would be needed to understand the factors contributing to the fluctuations in the fixed asset turnover ratio and their impact on the company's overall financial performance.
Peer comparison
Mar 31, 2025