Skyline Corporation (SKY)
Total asset 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 |
| 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 |
| Total asset turnover | — | 1.17 | 1.13 | 1.08 | 1.03 | 1.06 | 1.20 | 1.45 | 1.67 | 1.82 | 1.79 | 1.76 | 1.79 | 1.89 | 1.84 | 1.68 | 1.55 | 1.54 | 1.49 | 1.61 |
March 31, 2025 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,483,448K ÷ $—K
= —
Total asset turnover is a financial ratio that measures a company's ability to generate sales from its assets. In the case of Skyline Corporation, the total asset turnover ratio has fluctuated over the past few years.
From June 30, 2020, to September 30, 2021, the total asset turnover steadily increased from 1.61 to 1.84, indicating that Skyline Corporation was utilizing its assets efficiently to generate sales. This upward trend suggests that the company was becoming more effective at generating revenue relative to its asset base.
However, from December 31, 2021, to December 31, 2024, the total asset turnover ratio declined gradually, reaching a low of 1.03 on March 31, 2024. This decline may indicate that Skyline Corporation's ability to generate sales from its assets was weakening, potentially due to factors such as inefficient asset utilization or a decrease in sales relative to the asset base.
The total asset turnover ratio rebounded slightly to 1.17 by December 31, 2024. It is noteworthy that the data for March 31, 2025, is missing, making it difficult to assess the most recent performance.
In conclusion, the trend in Skyline Corporation's total asset turnover ratio has shown fluctuations over the years, with both increases and decreases in efficiency in generating sales from its assets. Further analysis would be necessary to understand the underlying reasons for these fluctuations and to assess the company's overall financial performance.
Peer comparison
Mar 31, 2025