Skyline Corporation (SKY)
Pretax margin
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 193,832 | 533,896 | 330,429 | 111,400 | 85,054 |
| Revenue | US$ in thousands | 2,019,710 | 2,602,580 | 2,203,460 | 1,417,650 | 1,364,620 |
| Pretax margin | 9.60% | 20.51% | 15.00% | 7.86% | 6.23% |
March 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $193,832K ÷ $2,019,710K
= 9.60%
The pretax margin of Skyline Corporation has exhibited variability over the past five years, as reflected in the financial data provided. In March 2020, the pretax margin was 6.23%, indicating that for every dollar of revenue generated, the company retained $0.0623 before accounting for taxes.
There was a notable improvement in the pretax margin in the following year, as it increased to 7.86% by March 2021. This uptick suggests enhanced efficiency in cost management or increased revenue generation during that period.
The pretax margin saw a substantial surge to 15.00% by March 2022, indicating a significant increase in profitability relative to revenue. This notable rise may have been driven by strategic cost-cutting measures or a boost in sales performance.
By March 2023, the pretax margin further improved to 20.51%, reaching its peak over the five-year period. Such a high pretax margin signifies strong operational performance and effective financial management practices.
However, in March 2024, there was a decline in the pretax margin to 9.60%, indicating a decrease in profitability compared to the previous year. This regression might be attributed to various factors such as increased expenses or a slowdown in revenue growth.
Overall, the trend in Skyline Corporation's pretax margin shows fluctuations, with notable improvements in certain years and a slight decline in others. Evaluating the reasons behind these fluctuations can provide valuable insights into the company's financial performance and strategic direction.
Peer comparison
Mar 31, 2024