Steven Madden Ltd (SHOO)
Payables 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 |
| Payables | US$ in thousands | 161,140 | 140,623 | 130,417 | 101,678 | 130,542 | 99,173 | 105,130 | 121,428 | 136,766 | 121,838 | 91,822 | 99,007 | 73,904 | 65,666 | 42,474 | 76,284 | 61,706 | 90,278 | 107,436 | 62,564 |
| Payables turnover | 7.13 | 7.94 | 8.61 | 11.66 | 9.56 | 13.27 | 12.35 | 9.95 | 8.03 | 8.01 | 9.52 | 7.41 | 9.98 | 11.89 | 20.72 | 14.06 | 17.84 | 12.16 | 10.00 | 16.67 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,149,168K ÷ $161,140K
= 7.13
The payables turnover ratio, which measures how efficiently a company manages its payable balances, shows a consistent trend for Steven Madden Ltd. over the past eight quarters. The ratio has fluctuated between 7.13 and 13.27 during this period.
In Q1 2023, Steven Madden Ltd. had a payables turnover ratio of 11.66, indicating that the company paid off its accounts payable approximately 11.66 times during that quarter. This suggests that the company is able to effectively manage its trade payable obligations.
On average, Steven Madden Ltd. has a payables turnover ratio of approximately 10.17 over the past eight quarters. A higher payables turnover ratio generally indicates that a company is effectively managing its suppliers and paying its bills promptly.
Overall, based on the data provided, Steven Madden Ltd. has shown a relatively stable and efficient management of its accounts payable over the past two years.
Peer comparison
Dec 31, 2023