Skyline Corporation (SKY)
Return on assets (ROA)
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 146,696 | 401,802 | 248,044 | 84,899 | 58,160 |
| Total assets | US$ in thousands | 1,923,340 | 1,562,720 | 1,234,620 | 917,902 | 781,700 |
| ROA | 7.63% | 25.71% | 20.09% | 9.25% | 7.44% |
March 31, 2024 calculation
ROA = Net income ÷ Total assets
= $146,696K ÷ $1,923,340K
= 7.63%
Skyline Corporation's return on assets (ROA) has shown fluctuations over the past five years. In March 2020, the ROA was 7.44%, indicating that for every dollar of assets, the company generated a profit of 7.44 cents. The ROA increased to 9.25% by March 2021, suggesting improved efficiency in asset utilization.
A significant jump was observed in March 2022, with the ROA reaching 20.09%, which may indicate more effective management of assets to generate higher profits. This positive trend continued into March 2023, where the ROA further increased to 25.71%, reflecting a substantial improvement in asset performance and profitability.
However, there was a decrease in the ROA by March 2024, falling to 7.63%. This decline could be a point of concern and might warrant further investigation into the factors influencing the decreased profitability relative to the assets employed.
Overall, the trend in Skyline Corporation's ROA has been mostly positive, with notable improvements in asset profitability, except for the slight drop in the most recent period. Continued monitoring and analysis of ROA will be crucial to assess the company's efficiency in generating profits from its assets in the future.
Peer comparison
Mar 31, 2024