Skyline Corporation (SKY)
Total asset 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 |
| Total assets | US$ in thousands | 2,037,470 | 2,027,670 | 1,987,130 | 1,923,340 | 1,869,420 | 1,669,180 | 1,617,660 | 1,562,720 | 1,511,690 | 1,507,620 | 1,373,330 | 1,234,620 | 1,068,150 | 1,010,330 | 986,397 | 917,902 | 825,865 | 829,471 | 790,322 | 781,700 |
| Total asset turnover | 1.18 | 1.15 | 1.10 | 1.05 | 1.07 | 1.21 | 1.45 | 1.67 | 1.83 | 1.79 | 1.76 | 1.79 | 1.89 | 1.84 | 1.68 | 1.54 | 1.54 | 1.49 | 1.61 | 1.75 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,409,422K ÷ $2,037,470K
= 1.18
Skyline Corporation's total asset turnover ratio has shown fluctuations over the period under review. The ratio ranged from a high of 1.89 on December 31, 2021, to a low of 1.05 on March 31, 2024. Overall, the company's ability to generate sales from its total assets has varied, indicating changes in efficiency and asset utilization. It is essential to closely monitor this ratio to assess the company's operational performance and the effectiveness of its asset management strategies.
Peer comparison
Dec 31, 2024
Company name
Symbol
Total asset turnover
Skyline Corporation
SKY
1.18
Cavco Industries Inc
CVCO
1.33