Skyline Corporation (SKY)
Number of days of payables
| 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 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 50.01 | 33.71 | 33.03 | 36.65 | 40.10 | 34.11 | 41.02 | 46.95 | 55.84 | 30.42 | 26.24 | 20.42 | 39.83 | 28.10 | 22.17 | 22.23 | 30.09 | 26.61 | 37.22 | 33.36 | |
| Number of days of payables | days | 7.30 | 10.83 | 11.05 | 9.96 | 9.10 | 10.70 | 8.90 | 7.77 | 6.54 | 12.00 | 13.91 | 17.87 | 9.16 | 12.99 | 16.46 | 16.42 | 12.13 | 13.72 | 9.81 | 10.94 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 50.01
= 7.30
The number of days of payables for Skyline Corporation has shown fluctuations over the years, according to the data provided. The analysis reveals that the company took approximately 10.94 days to pay its payables as of March 31, 2020. This number decreased to 9.81 days by June 30, 2020, indicating a slightly more efficient payment cycle. However, by September 30, 2020, the number of days of payables increased to 13.72 days, possibly due to changes in the company's vendor terms or cash flow considerations.
Subsequently, there was a decrease to 12.13 days by December 31, 2020, followed by a significant increase to 16.42 days by March 31, 2021. This upward trend continued into June 30, 2021, with the number of days of payables reaching 16.46 days. However, the trend reversed by September 30, 2021, showing a decrease to 12.99 days, possibly indicating a focus on improving payment efficiency.
The number of days of payables further decreased to 9.16 days by December 31, 2021, which was the lowest point in the data series. Subsequently, there was an increase to 17.87 days by March 31, 2022, indicating a longer payment cycle compared to the previous period. This figure decreased to 13.91 days by June 30, 2022, but then increased slightly to 12.00 days by September 30, 2022.
By December 31, 2022, the number of days of payables reduced significantly to 6.54 days, potentially reflecting improved payment management practices. The trend continued with minor fluctuations in subsequent periods, with the number of days of payables ranging from 7.30 days to 11.05 days by December 31, 2024.
Overall, the analysis of Skyline Corporation's number of days of payables indicates variations in the company's payment efficiency over the years, influenced by factors such as vendor relationships, cash flow management, and operational strategies.
Peer comparison
Dec 31, 2024