Steven Madden Ltd (SHOO)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 1,787,156 | 1,784,376 | 1,749,499 | 1,699,544 |
| Receivables | US$ in thousands | -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 | 216,471 | 297,722 | 285,227 | 264,518 |
| Receivables turnover | — | 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 | 8.26 | 5.99 | 6.13 | 6.43 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,981,582K ÷ $-4,828K
= —
The receivables turnover ratio for Steven Madden Ltd. has fluctuated over the past eight quarters, with values ranging from 4.81 to 7.42.
In Q4 2023, the company achieved a receivables turnover of 5.49, showing an improvement from the previous quarter's ratio of 4.81. This indicates that Steven Madden Ltd. collected its accounts receivable approximately 5.49 times during the quarter, suggesting that the company is efficiently managing its accounts receivable collection process.
However, compared to Q4 2022, where the receivables turnover was 7.42, the current ratio is lower, implying that the company may be taking longer to collect its receivables compared to the same quarter in the previous year.
Overall, while the company's Q4 2023 receivables turnover ratio is relatively stable when compared to earlier quarters in 2023, there is a notable decrease when compared to the same period in 2022. This may warrant further investigation into the effectiveness of Steven Madden Ltd.'s accounts receivable management processes to ensure optimal cash flow and liquidity in the future.
Peer comparison
Dec 31, 2023