Steven Madden Ltd (SHOO)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,282,930 | 1,981,580 | 2,122,010 | 1,866,140 | 1,201,810 |
| Receivables | US$ in thousands | -4,670 | -4,828 | 248,228 | 364,982 | 252,671 |
| Receivables turnover | — | — | 8.55 | 5.11 | 4.76 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $2,282,930K ÷ $-4,670K
= —
The receivables turnover ratio measures how effectively a company is managing its receivables or accounts receivable.
For Steven Madden Ltd, we observe a consistent improvement in the receivables turnover ratio over the years. In 2020, the ratio stood at 4.76, indicating that the company collected its accounts receivable approximately 4.76 times during that year. This ratio increased to 5.11 in 2021, showing a slight improvement in the efficiency of receivables collections.
A significant jump occurred in 2022, with the receivables turnover ratio surging to 8.55. This substantial increase may indicate more efficient management of accounts receivable, possibly through quicker collections or better credit policies. However, the data for 2023 and 2024 is not available (indicated by "—"), making it challenging to assess the trend's continuation.
Overall, the upward trend in the receivables turnover ratio for Steven Madden Ltd suggests an enhancement in the company's ability to collect outstanding receivables efficiently. It is important to continue monitoring this ratio in the future to ensure the company maintains its strong performance in managing its accounts receivable.
Peer comparison
Dec 31, 2024