Skyline Corporation (SKY)
Operating return on assets (Operating ROA)
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 175,205 | 518,285 | 332,905 | 108,759 | 86,455 |
| Total assets | US$ in thousands | 1,923,340 | 1,562,720 | 1,234,620 | 917,902 | 781,700 |
| Operating ROA | 9.11% | 33.17% | 26.96% | 11.85% | 11.06% |
March 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $175,205K ÷ $1,923,340K
= 9.11%
Skyline Corporation's operating return on assets (operating ROA) has shown fluctuations over the past five years. The ratio increased steadily from 11.06% as of March 31, 2020, to 33.17% as of March 31, 2023, indicating the company's ability to generate operating income relative to its total assets improved significantly during this period. However, there was a notable decline in the operating ROA to 9.11% as of March 31, 2024. This decrease may suggest that the company's operating profitability in relation to its assets decreased in that particular period. Overall, Skyline Corporation's operating ROA has shown both positive and negative trends, and further analysis of the underlying factors driving these changes would be necessary to understand the company's performance in depth.
Peer comparison
Mar 31, 2024