Skyline Corporation (SKY)
Return on equity (ROE)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 164,853 | 150,286 | 141,221 | 146,696 | 201,654 | 237,497 | 335,920 | 401,802 | 430,854 | 415,663 | 322,294 | 248,044 | 195,132 | 149,109 | 115,897 | 84,899 | 57,011 | 52,449 | 52,683 | 58,160 |
| Total stockholders’ equity | US$ in thousands | 1,528,300 | 1,492,260 | 1,450,750 | 1,422,370 | 1,421,960 | 1,340,190 | 1,290,920 | 1,233,000 | 1,173,440 | 1,085,740 | 943,578 | 825,113 | 733,378 | 662,978 | 612,583 | 568,611 | 532,195 | 507,444 | 489,297 | 474,315 |
| ROE | 10.79% | 10.07% | 9.73% | 10.31% | 14.18% | 17.72% | 26.02% | 32.59% | 36.72% | 38.28% | 34.16% | 30.06% | 26.61% | 22.49% | 18.92% | 14.93% | 10.71% | 10.34% | 10.77% | 12.26% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $164,853K ÷ $1,528,300K
= 10.79%
The return on equity (ROE) for Skyline Corporation has shown fluctuations over the specified period. Starting at 12.26% as of March 31, 2020, the ROE decreased slightly to 10.77% by June 30, 2020. There was a further decline to 10.34% by September 30, 2020, followed by a slight increase to 10.71% by December 31, 2020.
From March 31, 2021, there was a notable improvement in ROE, with successive increases each quarter. The ROE reached 14.93% by March 31, 2021, rose to 18.92% by June 30, 2021, and further increased to 22.49% by September 30, 2021. The trend continued with significant improvements, reaching 26.61% by December 31, 2021.
The highest ROE during the analyzed period was achieved as of June 30, 2022, at 34.16%. Subsequently, the ROE experienced a decline to 17.72% by September 30, 2023, and a further decrease to 9.73% by June 30, 2024. However, there was a slight recovery by the end of December 31, 2024, with the ROE at 10.79%.
Overall, the ROE trend for Skyline Corporation indicates varying levels of profitability relative to shareholders' equity over time, with periods of both growth and contraction. This metric is essential for measuring the company's efficiency in generating profits from the shareholders' investments.
Peer comparison
Dec 31, 2024