Skyline Corporation (SKY)
Return on total capital
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 202,629 | 186,002 | 171,359 | 175,205 | 236,222 | 282,310 | 420,466 | 518,919 | 566,873 | 556,011 | 433,796 | 333,659 | 263,039 | 199,310 | 155,353 | 115,248 | 85,191 | 81,177 | 82,811 | 89,686 |
| Long-term debt | US$ in thousands | 24,696 | 24,690 | 24,684 | 24,669 | 24,663 | 12,430 | 12,430 | 12,430 | 12,430 | 12,430 | 12,430 | 12,430 | 12,430 | 12,430 | 39,330 | 39,330 | 39,330 | 77,330 | 77,330 | 77,330 |
| 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 |
| Return on total capital | 13.05% | 12.26% | 11.61% | 12.11% | 16.33% | 20.87% | 32.26% | 41.67% | 47.80% | 50.63% | 45.38% | 39.84% | 35.27% | 29.51% | 23.83% | 18.96% | 14.91% | 13.88% | 14.61% | 16.26% |
December 31, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $202,629K ÷ ($24,696K + $1,528,300K)
= 13.05%
The return on total capital for Skyline Corporation has shown fluctuations over the past few years, ranging from a low of 11.61% in June 2024 to a high of 50.63% in September 2022. The trend indicates a generally increasing pattern from 2019 to 2022, with a peak at 50.63% in September 2022. However, starting from March 2023, there has been a noticeable decline in the return on total capital, dropping to 16.33% in December 2023. By December 2024, the return on total capital has slightly recovered to 13.05%.
The average return on total capital for Skyline Corporation over this period seems to be healthy, reflecting the company's ability to generate profits relative to the total capital employed. It is important for investors and stakeholders to closely monitor the return on total capital to assess the efficiency and profitability of the company's capital investments.
Peer comparison
Dec 31, 2024