Steven Madden Ltd (SHOO)
Inventory 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 1,149,168 | 1,116,227 | 1,123,287 | 1,185,079 | 1,248,173 | 1,316,368 | 1,297,945 | 1,208,560 | 1,098,645 | 976,159 | 874,405 | 733,490 | 737,273 | 780,909 | 880,196 | 1,072,901 | 1,101,140 | 1,097,895 | 1,074,883 | 1,043,233 |
| Inventory | US$ in thousands | 228,990 | 205,693 | 207,839 | 179,937 | 228,752 | 244,315 | 306,547 | 233,380 | 255,213 | 201,198 | 125,525 | 106,561 | 101,420 | 109,683 | 103,282 | 102,265 | 136,896 | 148,053 | 146,120 | 115,260 |
| Inventory turnover | 5.02 | 5.43 | 5.40 | 6.59 | 5.46 | 5.39 | 4.23 | 5.18 | 4.30 | 4.85 | 6.97 | 6.88 | 7.27 | 7.12 | 8.52 | 10.49 | 8.04 | 7.42 | 7.36 | 9.05 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,149,168K ÷ $228,990K
= 5.02
Steven Madden Ltd.'s inventory turnover has displayed fluctuating trends over the past eight quarters. The inventory turnover ratio represents how efficiently the company is managing its inventory by indicating the number of times inventory is sold and replaced within a given period. A higher inventory turnover ratio signifies effective inventory management and indicates that the company is selling its goods quickly.
The inventory turnover ratios for Q4 2023, Q3 2023, and Q2 2023 were 5.02, 5.43, and 5.40, respectively, showing a relatively stable performance during this period. However, in Q1 2023, the ratio increased significantly to 6.59, indicating a notable improvement in inventory management efficiency.
Comparing these figures to the ratios from the previous quarters reveals some variability in performance. In Q4 2022, Q3 2022, and Q2 2022, the inventory turnover ratios were 5.46, 5.39, and 4.23, respectively, suggesting a fluctuating trend in inventory management efficiency during those periods. The improvement seen in Q1 2023 compared to the previous year demonstrates a positive trend in inventory turnover efficiency.
Overall, while there have been fluctuations in Steven Madden Ltd.'s inventory turnover ratios over the past eight quarters, the company has generally maintained a relatively stable and efficient inventory management performance, with occasional spikes indicating improvements in managing inventory levels.
Peer comparison
Dec 31, 2023
Dec 31, 2023