Skyline Corporation (SKY)
Total asset 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 |
| Total assets | US$ in thousands | 1,923,340 | 1,562,720 | 1,234,620 | 917,902 | 781,700 |
| Total asset turnover | 1.05 | 1.67 | 1.78 | 1.54 | 1.75 |
March 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,019,710K ÷ $1,923,340K
= 1.05
Based on the provided data, the total asset turnover ratio for Skyline Corporation has fluctuated over the past five years. The total asset turnover ratio measures the efficiency of a company in utilizing its assets to generate revenue.
In March 2020, the total asset turnover ratio was 1.75, indicating that for every dollar of total assets, Skyline generated $1.75 in revenue.
By March 2021, the total asset turnover ratio decreased to 1.54, suggesting a slight decrease in efficiency in utilizing assets to generate revenue compared to the previous year.
In March 2022, the total asset turnover ratio increased to 1.78, showing an improvement in asset utilization efficiency, as the company generated $1.78 in revenue for every dollar of total assets.
However, in March 2023, the total asset turnover ratio dropped to 1.67, indicating a decrease in asset efficiency compared to the previous year.
The most significant change was seen in March 2024, where the total asset turnover ratio decreased sharply to 1.05. This suggests a potential inefficiency in utilizing assets to generate revenue, as the company only generated $1.05 in revenue for every dollar of total assets.
In conclusion, the total asset turnover ratio for Skyline Corporation has shown fluctuation over the years, with varying levels of asset efficiency in revenue generation. Further analysis and comparison with industry benchmarks may provide insights into the company's operational performance and asset management strategies.
Peer comparison
Mar 31, 2024