Steven Madden Ltd (SHOO)
Receivables 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 |
| Receivables | US$ in thousands | -4,828 | 248,228 | 364,982 | 252,671 | 216,471 |
| Receivables turnover | — | 8.55 | 5.11 | 4.76 | 8.26 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $1,981,580K ÷ $-4,828K
= —
The analysis of Steven Madden Ltd.'s receivables turnover reveals a fluctuating trend over the past five years. The company's receivables turnover ratio stood at 5.49 in 2023, showing a decrease from 7.42 in 2022. This decline suggests that the company took longer to collect its accounts receivable in 2023 compared to the previous year.
Looking further back, the ratio was 4.77 in 2021 and 4.33 in 2020, indicating a slight improvement in 2023 compared to these years. However, the receivables turnover was highest at 7.02 in 2019, suggesting that the company was more efficient in collecting its receivables in that year.
Overall, the varying trend in Steven Madden Ltd.'s receivables turnover indicates fluctuations in the company's ability to efficiently collect outstanding receivables from its customers over the past five years. The company may need to focus on improving its accounts receivable management practices to enhance its liquidity and working capital efficiency.
Peer comparison
Dec 31, 2023