Skyline Corporation (SKY)
Inventory turnover
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,860,420 | 2,098,880 | 1,881,920 | 1,317,720 | 1,291,260 |
| Inventory | US$ in thousands | 318,737 | 202,238 | 241,334 | 166,113 | 126,386 |
| Inventory turnover | 5.84 | 10.38 | 7.80 | 7.93 | 10.22 |
March 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $1,860,420K ÷ $318,737K
= 5.84
Skyline Corporation's inventory turnover has fluctuated over the past five years. As of March 31, 2020, the inventory turnover ratio was 10.22, indicating that the company turned over its inventory approximately 10.22 times during that period. However, this ratio decreased to 7.93 by March 31, 2021, implying a slower rate of inventory turnover.
In the subsequent years, the inventory turnover ratio continued to decline, reaching 7.80 by March 31, 2022, suggesting potential issues with managing and selling inventory efficiently. Nevertheless, there was a notable improvement in inventory turnover by March 31, 2023, with a ratio of 10.38, indicating a more effective handling of inventory during that period.
Unfortunately, the inventory turnover ratio decreased significantly to 5.84 by March 31, 2024, reflecting a concerning trend of slower inventory turnover. This decline may signal excess or obsolete inventory, potential challenges in demand forecasting, or inefficiencies in managing inventory levels.
Overall, analyzing Skyline Corporation's inventory turnover ratios reveals fluctuations in the company's ability to manage and sell its inventory efficiently over the years, indicating the need for further investigation into the underlying factors influencing these dynamics.
Peer comparison
Mar 31, 2024