Skyline Corporation (SKY)
Number of days of payables
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 36.61 | 46.95 | 20.42 | 23.03 | 33.36 | |
| Number of days of payables | days | 9.97 | 7.77 | 17.87 | 15.85 | 10.94 |
March 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 36.61
= 9.97
The trend in Skyline Corporation's number of days of payables indicates a fluctuation over the five-year period.
- As of March 31, 2020, the company's payables were being settled on average in approximately 10.94 days.
- This number increased to 15.85 days by March 31, 2021, suggesting a slower rate of settling payables.
- By March 31, 2022, the number of days of payables further rose to 17.87 days, indicating a continued trend of slower payables turnover.
- However, there was a significant improvement by March 31, 2023, with payables being settled in only 7.77 days.
- As of March 31, 2024, the number of days of payables had increased slightly to 9.97 days, still representing a relatively efficient pace of settling payables compared to the previous years.
Overall, the analysis of the number of days of payables for Skyline Corporation suggests varying levels of efficiency in managing payables over the five-year period, with fluctuations in the time taken to settle outstanding payables.
Peer comparison
Mar 31, 2024