Skyline Corporation (SKY)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 21.20 | 38.74 | 26.23 | 25.76 | 28.56 | 33.13 | 28.36 | 34.45 | 40.04 | 47.94 | 26.14 | 22.56 | 17.56 | 34.38 | 25.10 | 19.86 | 19.81 | 26.57 | 22.48 | 31.36 | |
| Number of days of payables | days | 17.22 | 9.42 | 13.92 | 14.17 | 12.78 | 11.02 | 12.87 | 10.60 | 9.12 | 7.61 | 13.96 | 16.18 | 20.79 | 10.62 | 14.54 | 18.38 | 18.43 | 13.74 | 16.24 | 11.64 |
March 31, 2025 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 21.20
= 17.22
Skyline Corporation's number of days of payables has shown fluctuations over the monitored period. From June 30, 2020, to March 31, 2025, the number of days of payables varied between 7.61 days and 20.79 days, indicating changes in the company's payment practices.
There are instances where the number of days of payables increased, suggesting a lengthening in the time taken by Skyline Corporation to settle its payables. On the other hand, there are also periods where the number of days of payables decreased, reflecting a potential improvement in the efficiency of managing payables.
Analysts should further investigate the reasons behind these fluctuations in the number of days of payables to gain a deeper understanding of Skyline Corporation's cash management practices and working capital efficiency. Additionally, comparing this metric to industry benchmarks and historical data of the company can provide valuable insights into the effectiveness of the company's payables management.
Peer comparison
Mar 31, 2025