Steven Madden Ltd (SHOO)
Fixed asset turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 1,787,156 | 1,784,376 | 1,749,499 | 1,699,544 |
| Property, plant and equipment | US$ in thousands | 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 | 65,504 | 60,662 | 61,654 | 63,657 |
| Fixed asset turnover | 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 | 27.28 | 29.42 | 28.38 | 26.70 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,981,582K ÷ $47,199K
= 41.98
Steven Madden Ltd.'s fixed asset turnover has shown a declining trend over the past eight quarters, decreasing from 62.91 in Q2 2022 to 41.98 in Q4 2023. This ratio indicates that the company's fixed assets are generating less revenue per dollar invested in fixed assets over time. The decreasing trend could suggest inefficiencies in utilizing fixed assets to generate sales revenue, which may be a cause for concern as it could indicate potential underutilization or inefficient use of the company's fixed assets. Further analysis of operational efficiency and asset management practices may be necessary to address the declining trend in fixed asset turnover.
Peer comparison
Dec 31, 2023