Skyline Corporation (SKY)
Profitability ratios
Return on sales
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | |
|---|---|---|---|---|---|
| Gross profit margin | 24.05% | 31.46% | 26.74% | 20.29% | 20.44% |
| Operating profit margin | 8.67% | 19.91% | 15.11% | 7.67% | 6.34% |
| Pretax margin | 9.60% | 20.51% | 15.00% | 7.86% | 6.23% |
| Net profit margin | 7.26% | 15.44% | 11.26% | 5.99% | 4.26% |
Skyline Corporation's profitability ratios show a varying trend over the past five years. The Gross profit margin has seen fluctuations, starting at 20.44% in March 31, 2020, decreasing to 20.29% in 2021, but then increasing significantly to 31.46% in 2023 before slightly dropping to 24.05% in 2024.
The Operating profit margin has shown an increasing trend, from 6.34% in 2020 to 19.91% in 2023, with a slight drop to 8.67% in 2024. This indicates an improvement in the efficiency of the company's operations in generating profits.
The Pretax margin has also displayed growth, starting at 6.23% in 2020 and reaching 20.51% in 2023 before declining to 9.60% in 2024. This suggests effective management of expenses and increasing profitability before taxes.
The Net profit margin has shown a similar pattern, with an increase from 4.26% in 2020 to 15.44% in 2023, then dropping to 7.26% in 2024. This reflects how effectively the company is able to convert revenue into net income.
Overall, the data indicates that Skyline Corporation has experienced fluctuations in its profitability margins over the years, with some years showing significant improvements. It is important for the company to continue monitoring and optimizing its operations to ensure sustained profitability growth.
Return on investment
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | |
|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 9.11% | 33.17% | 26.96% | 11.85% | 11.06% |
| Return on assets (ROA) | 7.63% | 25.71% | 20.09% | 9.25% | 7.44% |
| Return on total capital | 13.71% | 43.13% | 39.84% | 18.95% | 16.26% |
| Return on equity (ROE) | 10.31% | 32.59% | 30.06% | 14.93% | 12.26% |
Skyline Corporation's profitability ratios exhibit fluctuating trends over the past five years. The Operating Return on Assets (Operating ROA) has shown an increasing pattern from 11.06% in March 2020 to 33.17% in March 2023, but then dropped to 9.11% by March 2024. This ratio indicates that the company's operating income generated from its assets has varied significantly.
Similarly, the Return on Assets (ROA) also demonstrated volatility, with a gradual increase from 7.44% in March 2020 to 25.71% in March 2023, followed by a decline to 7.63% in March 2024. These fluctuations suggest variations in the company's net income relative to its total assets over the period.
On the other hand, the Return on Total Capital exhibited a more pronounced upward trajectory, rising from 16.26% in March 2020 to 43.13% in March 2023, before decreasing to 13.71% by March 2024. This ratio measures the profitability of all sources of capital employed by the company.
Lastly, the Return on Equity (ROE) also portrayed a mixed performance, increasing from 12.26% in March 2020 to 32.59% in March 2023, but then declining to 10.31% by March 2024. ROE reflects the return on shareholders' equity investment in the company.
Overall, these profitability ratios indicate that Skyline Corporation has experienced fluctuations in its profitability levels over the past five years, which could be attributed to various internal and external factors impacting the company's financial performance.