Steven Madden Ltd (SHOO)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,282,930 | 1,981,580 | 2,122,010 | 1,866,140 | 1,201,810 |
| Property, plant and equipment | US$ in thousands | 57,388 | 47,199 | 40,664 | 35,790 | 43,268 |
| Fixed asset turnover | 39.78 | 41.98 | 52.18 | 52.14 | 27.78 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $2,282,930K ÷ $57,388K
= 39.78
The fixed asset turnover ratio for Steven Madden Ltd has exhibited a generally increasing trend over the past five years, starting at 27.78 in December 31, 2020, and reaching a peak of 52.18 in December 31, 2022. This indicates that the company is generating more revenue relative to its investment in fixed assets, reflecting improved asset utilization efficiency.
However, there was a slight decline in the fixed asset turnover ratio in December 31, 2023 and December 31, 2024 to 41.98 and 39.78, respectively. Despite the decrease, the ratios remain relatively high, suggesting that the company continues to efficiently utilize its fixed assets to generate sales.
Overall, the trend indicates that Steven Madden Ltd has been effective in managing and leveraging its fixed assets to generate revenue, showcasing operational efficiency and effective capital allocation strategies over the years.
Peer comparison
Dec 31, 2024