Steven Madden Ltd (SHOO)
Fixed asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,981,580 | 2,122,010 | 1,866,140 | 1,201,810 | 1,787,160 |
| Property, plant and equipment | US$ in thousands | 47,199 | 40,664 | 35,790 | 43,268 | 65,504 |
| Fixed asset turnover | 41.98 | 52.18 | 52.14 | 27.78 | 27.28 |
December 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,981,580K ÷ $47,199K
= 41.98
Fixed asset turnover measures how efficiently a company generates sales revenue from its fixed assets. Steven Madden Ltd.'s fixed asset turnover has exhibited fluctuations over the past five years. In 2023, the ratio significantly decreased to 41.98, indicating a decline in efficiency compared to the previous year's ratio of 52.18. However, the company's performance remained strong relative to 2020 and 2019 when the ratios were 27.78 and 27.28, respectively. This suggests that Steven Madden Ltd. has been able to effectively utilize its fixed assets to generate sales, although there was a slight decrease in efficiency compared to the prior year. Further analysis would be needed to understand the reasons behind this fluctuation and to assess the impact on the company's overall operational performance.
Peer comparison
Dec 31, 2023