Skyline Corporation (SKY)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 1,422,370 | 1,233,000 | 825,113 | 568,611 | 474,315 |
| ROE | 10.31% | 32.59% | 30.06% | 14.93% | 12.26% |
March 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $146,696K ÷ $1,422,370K
= 10.31%
Skyline Corporation's return on equity (ROE) has exhibited varying trends over the past five years. In March 31, 2020, ROE stood at 12.26%, signifying the company generated a return of 12.26% on every dollar of equity during that period. Over the subsequent years, the ROE increased steadily to 14.93% in March 31, 2021, and more significantly to 30.06% in March 31, 2022, indicating improved profitability and efficiency in utilizing shareholders' equity.
In March 31, 2023, the ROE further escalated to 32.59%, reaching its peak over the analyzed period. This substantial increase suggests that Skyline Corporation effectively leveraged its equity to generate higher returns for shareholders. However, in March 31, 2024, the ROE experienced a notable decline to 10.31%, indicating a potential decrease in profitability or efficiency in utilizing equity during that period.
Overall, the analysis of Skyline Corporation's ROE highlights a general positive trend with some fluctuations, showcasing periods of significant improvement in generating returns on equity, albeit with some potential challenges that may have impacted profitability in certain years.
Peer comparison
Mar 31, 2024