Skyline Corporation (SKY)
Number of days of payables
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Payables turnover | — | 30.28 | 40.00 | 17.56 | 19.81 | |
| Number of days of payables | days | — | 12.05 | 9.13 | 20.79 | 18.43 |
March 31, 2025 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ —
= —
The number of days of payables for Skyline Corporation has fluctuated over the past five years. As of March 31, 2021, the company took an average of 18.43 days to pay its suppliers. This figure increased to 20.79 days by March 31, 2022, indicating a longer period before settling payables. However, by March 31, 2023, the number of days of payables decreased significantly to 9.13 days, suggesting a more efficient management of payables during that period. Subsequently, by March 31, 2024, the number of days increased again to 12.05 days.
The lack of data for March 31, 2025, prohibits a complete analysis for that year. Overall, fluctuations in the number of days of payables can reflect changes in the company's payment practices, relationship with suppliers, and cash flow management. Skyline Corporation should continue to monitor and manage its payables effectively to maintain a healthy financial position.
Peer comparison
Mar 31, 2025