Steven Madden Ltd (SHOO)
Fixed asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,282,927 | 2,220,323 | 2,148,380 | 2,070,129 | 1,981,582 | 1,932,511 | 1,936,422 | 2,026,109 | 2,122,009 | 2,229,847 | 2,201,946 | 2,064,851 | 1,866,142 | 1,640,628 | 1,458,753 | 1,203,671 | 1,201,814 | 1,268,472 | 1,423,719 | 1,730,536 |
| Property, plant and equipment | US$ in thousands | 57,388 | 52,906 | 49,056 | 47,490 | 47,199 | 44,920 | 42,267 | 41,519 | 40,664 | 36,861 | 35,004 | 36,436 | 35,790 | 36,843 | 38,213 | 40,458 | 43,268 | 43,130 | 49,594 | 52,206 |
| Fixed asset turnover | 39.78 | 41.97 | 43.79 | 43.59 | 41.98 | 43.02 | 45.81 | 48.80 | 52.18 | 60.49 | 62.91 | 56.67 | 52.14 | 44.53 | 38.17 | 29.75 | 27.78 | 29.41 | 28.71 | 33.15 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,282,927K ÷ $57,388K
= 39.78
The fixed asset turnover ratio of Steven Madden Ltd has shown fluctuations over the years, indicating changes in how efficiently the company is utilizing its fixed assets to generate revenue. The ratio started at a high of 33.15 on March 31, 2020, indicating that for every dollar invested in fixed assets, the company generated $33.15 in sales.
Subsequently, the ratio experienced some fluctuations but generally stayed above 25, which suggests that the company efficiently utilized its fixed assets to generate revenue during this period. The peak performance was seen on June 30, 2022, with a ratio of 62.91, indicating a substantial increase in revenue generated from fixed assets.
However, towards the end of the analyzed period, the fixed asset turnover ratio started to decline, reaching 39.78 on December 31, 2024. This may suggest a decrease in the efficiency of utilizing fixed assets to generate sales revenue.
It is important for Steven Madden Ltd to closely monitor and manage its fixed asset turnover ratio to ensure optimal utilization of its assets and maximize revenue generation. Further analysis would be required to understand the reasons behind the fluctuations and to implement strategies to improve efficiency in asset utilization.
Peer comparison
Dec 31, 2024