Steven Madden Ltd (SHOO)
Total asset 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 |
| Total assets | US$ in thousands | 1,411,770 | 1,347,940 | 1,257,990 | 1,355,540 | 1,137,760 |
| Total asset turnover | 1.62 | 1.47 | 1.69 | 1.38 | 1.06 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,282,930K ÷ $1,411,770K
= 1.62
The total asset turnover ratio for Steven Madden Ltd has shown a positive trend over the past five years, starting at 1.06 in 2020 and steadily increasing to 1.62 in 2024. This indicates that the company is becoming more efficient in generating sales revenue relative to its total assets. The peak ratio of 1.69 in 2022 suggests a particularly strong performance in utilizing its assets to drive sales. However, there was a slight dip in 2023 to 1.47, which could be a point of concern that warrants further investigation. Overall, the improving trend in total asset turnover reflects positively on Steven Madden Ltd's operational efficiency and asset utilization in generating revenue.
Peer comparison
Dec 31, 2024