Skyline Corporation (SKY)
Payables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 1,380,911 | 1,731,291 | 1,685,571 | 1,582,774 | 1,451,406 | 1,451,407 | 1,441,457 | 1,626,429 | 1,789,825 | 1,886,534 | 1,855,752 | 1,717,931 | 1,618,106 | 1,519,550 | 1,447,896 | 1,312,571 | 1,133,186 | 1,025,813 | 993,354 | 1,014,184 |
| Payables | US$ in thousands | 65,136 | 44,695 | 64,260 | 61,448 | 50,820 | 43,810 | 50,829 | 47,218 | 44,702 | 39,352 | 70,981 | 76,133 | 92,159 | 44,200 | 57,694 | 66,079 | 57,214 | 38,603 | 44,186 | 32,340 |
| 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 |
March 31, 2025 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,380,911K ÷ $65,136K
= 21.20
The payables turnover ratio for Skyline Corporation has exhibited fluctuations over the past few years. The ratio, which measures how efficiently the company is managing its payables, indicates the number of times a company pays off its accounts payable during a specific period.
From June 30, 2020, to September 30, 2021, the payables turnover ratio ranged from 19.81 to 31.36, showing variations in the company's payables management efficiency. A decreasing trend was observed from March 31, 2021, to September 30, 2022, indicating potential delays in paying off the company's obligations.
However, from December 31, 2022, onwards, the payables turnover ratio showed a significant increase, reaching a peak of 47.94 on December 31, 2022. This surge suggests that Skyline Corporation streamlined its payables management, potentially negotiating better credit terms or settling obligations promptly.
After the peak in December 2022, the ratio gradually decreased but remained relatively stable, fluctuating between 25.76 and 40.04 up to March 31, 2025. Overall, the payables turnover ratio trend indicates improvements in payables management efficiency, particularly in the later years of the analyzed period.
Peer comparison
Mar 31, 2025