Skyline Corporation (SKY)
Working capital turnover
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | — | 2,024,820 | 2,606,560 | 2,207,230 | 1,420,880 |
| Total current assets | US$ in thousands | — | 918,302 | 1,043,470 | 782,260 | 499,767 |
| Total current liabilities | US$ in thousands | 451,308 | 389,601 | 248,917 | 350,112 | 263,642 |
| Working capital turnover | — | 3.83 | 3.28 | 5.11 | 6.02 |
March 31, 2025 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $—K ÷ ($—K – $451,308K)
= —
The working capital turnover ratio for Skyline Corporation has exhibited a declining trend over the years, moving from 6.02 in March 31, 2021, to 5.11 in March 31, 2022, and further dropping to 3.28 in March 31, 2023. This decreasing trend suggests that the company is becoming less efficient in generating sales revenue from its working capital. However, there was a slight improvement in the ratio in March 31, 2024, reaching 3.83. It is important to note that no data is available for March 31, 2025.
The significant decrease in the working capital turnover ratio may indicate inefficiencies in managing current assets and liabilities, which could potentially impact the company's overall liquidity and operational performance. Skyline Corporation may need to reassess its working capital management strategies to enhance efficiency and optimize its financial resources for future growth and sustainability.
Peer comparison
Mar 31, 2025