Skyline Corporation (SKY)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,483,448 | 2,381,111 | 2,295,641 | 2,143,000 | 1,979,990 | 1,979,992 | 2,002,859 | 2,345,448 | 2,606,560 | 2,753,145 | 2,705,513 | 2,422,913 | 2,207,229 | 2,016,761 | 1,859,652 | 1,657,793 | 1,420,881 | 1,274,377 | 1,239,035 | 1,271,127 |
| Receivables | US$ in thousands | — | 68,441 | 74,755 | 72,706 | 64,632 | 48,659 | 55,097 | 50,678 | 67,296 | 47,515 | 82,662 | 128,573 | 90,536 | 46,184 | 72,886 | 60,545 | 57,481 | 41,325 | 46,826 | 43,412 |
| Receivables turnover | — | 34.79 | 30.71 | 29.47 | 30.63 | 40.69 | 36.35 | 46.28 | 38.73 | 57.94 | 32.73 | 18.84 | 24.38 | 43.67 | 25.51 | 27.38 | 24.72 | 30.84 | 26.46 | 29.28 |
March 31, 2025 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,483,448K ÷ $—K
= —
The receivables turnover ratio for Skyline Corporation shows fluctuations over the periods provided. From June 30, 2020, to March 31, 2024, the turnover ratio ranged between 18.84 and 46.28, indicating changes in how efficiently the company is collecting its accounts receivable.
In analyzing the trend, we observe peaks and troughs in the ratio, with notable increases seen in December 31, 2021 (43.67) and December 31, 2022 (57.94). These spikes could signify improvements in the company's ability to collect receivables quickly during those periods.
However, it is worth noting that there was a decline in the receivables turnover in June 30, 2022 (18.84), which suggests a potential delay in collecting outstanding receivables at that time. This drop might warrant further investigation into the company's credit and collection policies.
The absence of data for March 31, 2025, implies that the receivables turnover ratio for that period is not available for analysis. Monitoring and analyzing this ratio regularly can provide insights into the effectiveness of Skyline Corporation in managing its accounts receivable and maintaining liquidity.
Peer comparison
Mar 31, 2025