Skyline Corporation (SKY)

The payables turnover ratio measures how efficiently a company manages its accounts payable by calculating the number of times a company pays off its average accounts payable balance during a specific period.

In the case of Skyline Corporation, the payables turnover has shown fluctuations over the past few years. In March 31, 2021, the payables turnover was 19.81, indicating that the company paid off its accounts payable almost 20 times during that year.

However, by March 31, 2022, the payables turnover decreased to 17.56, suggesting a slightly slower payment cycle compared to the previous year. This could potentially indicate delays in payments or changes in the company's payment policies.

Interestingly, by March 31, 2023, the payables turnover ratio surged to 40.00, a substantial increase from the previous year. This significant spike suggests that Skyline Corporation was able to pay off its accounts payable at a much faster rate during this period, possibly due to improved cash flow management, negotiation of better payment terms with suppliers, or efficient operational practices.

In the subsequent years, there were further fluctuations in the payables turnover ratio, with March 31, 2024, showing a ratio of 30.28. Unfortunately, no data is available for March 31, 2025, making it challenging to provide a detailed analysis of that year.

Overall, the payables turnover ratio of Skyline Corporation has varied over the years, indicating changes in the company's payment behavior and efficiency in managing its accounts payable. Further analysis and comparison with industry benchmarks would be necessary to gain a more comprehensive understanding of Skyline Corporation's payables management performance.

Peer comparison

Mar 31, 2025