Steven Madden Ltd (SHOO)
Total asset 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 |
| Total assets | US$ in thousands | 1,347,940 | 1,257,990 | 1,355,540 | 1,137,760 | 1,278,650 |
| Total asset turnover | 1.47 | 1.69 | 1.38 | 1.06 | 1.40 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,981,580K ÷ $1,347,940K
= 1.47
Total asset turnover is a key efficiency ratio that indicates how effectively a company generates revenue from its assets. Steven Madden Ltd.'s total asset turnover has fluctuated over the past five years.
In 2023, the total asset turnover was 1.47, showing a decrease compared to the previous year. This implies that, for each dollar of assets the company has, it generated $1.47 in sales. The lower ratio may suggest that the company was less efficient in utilizing its assets to generate revenue in 2023.
In 2022, the total asset turnover was 1.69, representing an increase from the previous year. This indicates that the company improved its efficiency in utilizing assets to generate revenue and was able to generate $1.69 in sales for every dollar of assets held.
In 2021, the total asset turnover was 1.38, indicating a moderate efficiency in generating revenue from assets. The ratio was slightly lower compared to 2020.
In 2020, the total asset turnover was 1.06, indicating that the company generated $1.06 in sales for each dollar of assets. The increase in this ratio from the previous year suggests improved asset utilization efficiency.
In 2019, the total asset turnover was 1.40, showing a relatively good performance in generating revenue from assets. Overall, Steven Madden Ltd.'s total asset turnover has varied over the years, reflecting fluctuations in the company's efficiency in generating sales from its asset base.
Peer comparison
Dec 31, 2023