Skyline Corporation (SKY)
Cash conversion cycle
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | 75.59 | 41.29 | 54.44 | 53.50 |
| Days of sales outstanding (DSO) | days | — | 11.65 | 9.42 | 14.97 | 14.77 |
| Number of days of payables | days | — | 12.05 | 9.13 | 20.79 | 18.43 |
| Cash conversion cycle | days | 0.00 | 75.19 | 41.58 | 48.62 | 49.84 |
March 31, 2025 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= — + — – —
= 0.00
The cash conversion cycle for Skyline Corporation has exhibited fluctuations over the years. As of March 31, 2021, the cash conversion cycle stood at 49.84 days, indicating the time it takes for the company to convert its investments in inventory and other resources into cash receipts from customers.
By March 31, 2022, the cash conversion cycle improved slightly to 48.62 days, suggesting a more efficient management of cash flow and working capital. This trend continued into March 31, 2023, with the cycle further decreasing to 41.58 days, signaling a potentially more effective utilization of resources and quicker cash conversion.
However, a notable increase in the cash conversion cycle was observed by March 31, 2024, where it spiked to 75.19 days. This significant rise may indicate challenges in managing working capital efficiently or delays in converting investments into cash.
Surprisingly, by March 31, 2025, the cash conversion cycle was reported as 0.00 days, which seems unusual and might indicate a potential data reporting error or a drastic improvement in the company's cash management efficiency to a point where cash is virtually converted instantaneously.
Overall, fluctuations in the cash conversion cycle of Skyline Corporation suggest varying levels of effectiveness in managing working capital and cash flow over the years, with notable improvements in some periods and potential challenges in others.
Peer comparison
Mar 31, 2025