Skyline Corporation (SKY)
Receivables turnover
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,019,710 | 2,602,580 | 2,203,460 | 1,417,650 | 1,364,620 |
| Receivables | US$ in thousands | 64,632 | 67,296 | 90,536 | 57,481 | 45,733 |
| Receivables turnover | 31.25 | 38.67 | 24.34 | 24.66 | 29.84 |
March 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $2,019,710K ÷ $64,632K
= 31.25
The receivables turnover for Skyline Corporation has exhibited fluctuations over the past five years. The ratio decreased from 29.84 in March 2020 to 24.66 in March 2021, indicating a potential slower collection of receivables during this period. However, in the subsequent years, the turnover ratio showed signs of improvement, reaching 38.67 in March 2023, which suggests a more efficient collection of receivables. This positive trend continued with a ratio of 31.25 in March 2024.
Overall, the upward trend in receivables turnover from 2021 to 2024 indicates that Skyline Corporation has been able to manage its accounts receivable more effectively and collect outstanding payments more efficiently, which could positively impact its cash flow and overall liquidity position. It is important for the company to continue monitoring and improving its receivables turnover ratio to ensure timely collection of outstanding balances and maintain a healthy working capital cycle.
Peer comparison
Mar 31, 2024