Skyline Corporation (SKY)
Receivables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,409,422 | 2,324,270 | 2,177,372 | 2,019,875 | 1,993,721 | 2,017,688 | 2,351,771 | 2,602,929 | 2,759,060 | 2,705,511 | 2,420,092 | 2,204,284 | 2,013,709 | 1,857,108 | 1,655,230 | 1,418,064 | 1,272,688 | 1,237,018 | 1,269,592 | 1,368,795 |
| Receivables | US$ in thousands | 68,441 | 74,755 | 72,706 | 64,632 | 48,659 | 55,097 | 50,678 | 67,296 | 47,515 | — | — | 90,536 | — | — | — | 57,481 | 41,325 | 46,826 | 43,412 | 45,733 |
| Receivables turnover | 35.20 | 31.09 | 29.95 | 31.25 | 40.97 | 36.62 | 46.41 | 38.68 | 58.07 | — | — | 24.35 | — | — | — | 24.67 | 30.80 | 26.42 | 29.25 | 29.93 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,409,422K ÷ $68,441K
= 35.20
The receivables turnover ratio measures how efficiently a company is able to collect outstanding receivables from its customers. A higher ratio indicates that the company is more efficient at collecting payments from customers.
Based on the data provided for Skyline Corporation, we observe fluctuations in the receivables turnover ratio over the reported periods. The ratio ranged from a low of 24.35 in March 31, 2022, to a high of 58.07 in December 31, 2022.
In the initial periods, the receivables turnover ratio remained relatively stable, hovering around the 29-30 range. However, in subsequent periods, we witnessed more significant variability in the ratio. The ratio dropped notably in March 31, 2023, before increasing again in June 30, 2023. It then decreased in September 30, 2023, and experienced a surge in December 31, 2023.
The year 2024 started with a slightly lower ratio of 31.25 in March 31, 2024, compared to the previous December, but it gradually improved in subsequent periods up to December 31, 2024, reaching 35.20.
The receivables turnover ratio is an important metric as it reflects how efficient Skyline Corporation is in managing its accounts receivable. Analyzing the trend of this ratio over time provides insights into the company's ability to collect payments from customers promptly. It is essential for Skyline Corporation to monitor this ratio regularly to ensure effective cash flow management and timely collection of outstanding receivables.
Peer comparison
Dec 31, 2024