Skyline Corporation (SKY)
Inventory 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 1,380,911 | 1,731,291 | 1,685,571 | 1,582,774 | 1,451,406 | 1,451,407 | 1,441,457 | 1,626,429 | 1,789,825 | 1,886,534 | 1,855,752 | 1,717,931 | 1,618,106 | 1,519,550 | 1,447,896 | 1,312,571 | 1,133,186 | 1,025,813 | 993,354 | 1,014,184 |
| Inventory | US$ in thousands | 360,629 | 336,766 | 325,534 | 319,958 | 318,737 | 290,542 | 182,239 | 196,510 | 202,238 | 220,941 | 240,451 | 292,158 | 241,334 | 185,052 | 179,976 | 191,596 | 166,113 | 131,123 | 128,016 | 115,815 |
| Inventory turnover | 3.83 | 5.14 | 5.18 | 4.95 | 4.55 | 5.00 | 7.91 | 8.28 | 8.85 | 8.54 | 7.72 | 5.88 | 6.70 | 8.21 | 8.04 | 6.85 | 6.82 | 7.82 | 7.76 | 8.76 |
March 31, 2025 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,380,911K ÷ $360,629K
= 3.83
The inventory turnover ratio of Skyline Corporation depicts the efficiency with which the company manages its inventory levels over time. The trend analysis reveals fluctuations in inventory turnover from June 30, 2020, at 8.76, gradually decreasing to a low of 3.83 as of March 31, 2025.
A high inventory turnover ratio signifies that Skyline Corporation is selling its inventory quickly, which could result in lower carrying costs and potentially indicate strong sales. Conversely, a declining inventory turnover ratio could imply poor sales, excess inventory, or ineffective inventory management.
It is evident that there have been fluctuations in Skyline Corporation's inventory turnover ratio over the analyzed period. Further investigation into the factors influencing these changes is recommended to understand the underlying reasons for the fluctuations and to make informed decisions on inventory management strategies.
Peer comparison
Mar 31, 2025
Mar 31, 2025