Skyline Corporation (SKY)
Return on total capital
| Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 215,510 | 229,593 | 195,041 | 175,675 | 171,856 | 226,545 | 282,310 | 420,466 | 518,285 | 565,510 | 554,841 | 432,774 | 333,228 | 263,876 | 200,105 | 156,110 | 116,158 | 84,983 | 81,378 | 83,242 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Return on total capital | — | 15.02% | 13.07% | 12.11% | 12.08% | 15.93% | 21.06% | 32.57% | 42.03% | 48.19% | 51.10% | 45.87% | 40.39% | 35.98% | 30.18% | 25.48% | 20.43% | 15.97% | 16.04% | 17.01% |
March 31, 2025 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $215,510K ÷ ($—K + $—K)
= —
Skyline Corporation's return on total capital has shown fluctuations over the past few years. From June 30, 2020, to June 30, 2022, the return on total capital steadily increased from 17.01% to 45.87%, indicating an improving efficiency in generating profits relative to the total capital employed in the business.
However, starting from September 30, 2022, the return on total capital began to decline, reaching its lowest point of 12.08% on March 31, 2024. This decrease could suggest a potential decline in the company's ability to generate returns on its total invested capital efficiently during this period.
Although there was a slight increase in the return on total capital from March 31, 2024, to September 30, 2024, reaching 13.07%, the figure remains relatively low compared to the previous periods.
Overall, the data demonstrates a mixed performance in terms of return on total capital for Skyline Corporation, with periods of strong growth followed by a decline in profitability. It would be important for the company to assess the factors contributing to these fluctuations in order to sustain and improve its returns on total capital in the future.
Peer comparison
Mar 31, 2025