Steven Madden Ltd (SHOO)
Receivables turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,282,927 | 2,220,323 | 2,148,380 | 2,070,129 | 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 |
| Receivables | US$ in thousands | -4,670 | 4,068 | 3,204 | 4,874 | -4,828 | 4,513 | 6,057 | 7,208 | 248,228 | 8,636 | 13,095 | 11,903 | 364,982 | 11,596 | 254,545 | 285,162 | 252,671 | 232,876 | 123,496 | 231,408 |
| Receivables turnover | — | 545.80 | 670.53 | 424.73 | — | 428.21 | 319.70 | 281.09 | 8.55 | 258.20 | 168.15 | 173.47 | 5.11 | 141.48 | 5.73 | 4.22 | 4.76 | 5.45 | 11.53 | 7.48 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,282,927K ÷ $-4,670K
= —
The receivables turnover ratio measures how efficiently a company is able to collect its accounts receivable during a specific period. Steven Madden Ltd's receivables turnover ratio has fluctuated over the years as follows:
- The ratio was 7.48 as of March 31, 2020, indicating that the company collected its receivables approximately 7.48 times during that period.
- It increased to 11.53 by June 30, 2020, showing an improvement in the efficiency of receivables collection.
- However, there was a significant decrease to 5.45 by September 30, 2020, suggesting a potential issue with collecting receivables efficiently.
- The ratio further declined to 4.76 by December 31, 2020, and to 4.22 by March 31, 2021, reflecting continued challenges in collecting receivables.
- There was a slight improvement to 5.73 by June 30, 2021, but the ratio spiked dramatically to 141.48 by September 30, 2021, which could indicate an anomaly or error in the data.
- Subsequently, the ratio decreased to 5.11 by December 31, 2021, before surging significantly to 173.47 by March 31, 2022, and 168.15 by June 30, 2022.
- It continued to rise to 258.20 by September 30, 2022, suggesting a remarkable increase in receivables turnover efficiency.
- The ratio decreased to 8.55 by December 31, 2022, and then rose again to 281.09 by March 31, 2023, showing fluctuation in the efficiency of receivables collection.
- Subsequent periods saw further increases in the receivables turnover ratio: 319.70 by June 30, 2023, 428.21 by September 30, 2023, and 424.73 by March 31, 2024.
- As of June 30, 2024, the ratio was 670.53 before decreasing to 545.80 by September 30, 2024.
Overall, the receivables turnover ratio of Steven Madden Ltd has shown fluctuations over the years, with periods of both improvement and decline in the efficiency of collecting its accounts receivable. Further analysis would be needed to understand the reasons behind these fluctuations.
Peer comparison
Dec 31, 2024