Steven Madden Ltd (SHOO)
Total asset 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 |
| Total assets | US$ in thousands | 1,347,940 | 1,292,230 | 1,270,240 | 1,205,120 | 1,257,990 | 1,226,240 | 1,313,290 | 1,278,530 | 1,355,540 | 1,300,060 | 1,173,140 | 1,168,940 | 1,137,760 | 1,104,410 | 1,132,390 | 1,145,900 | 1,278,650 | 1,282,460 | 1,281,560 | 1,209,750 |
| Total asset turnover | 1.47 | 1.50 | 1.52 | 1.68 | 1.69 | 1.82 | 1.68 | 1.62 | 1.38 | 1.26 | 1.24 | 1.03 | 1.06 | 1.15 | 1.26 | 1.51 | 1.40 | 1.39 | 1.37 | 1.40 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,981,582K ÷ $1,347,940K
= 1.47
Total asset turnover is a key financial ratio used to measure a company's efficiency in generating sales revenue relative to its total assets. Steven Madden Ltd.'s total asset turnover has shown some fluctuations over the past eight quarters, ranging from a low of 1.47 to a high of 1.82.
The company's total asset turnover peaked at 1.82 in Q3 2022, indicating that for every dollar of total assets, Steven Madden generated $1.82 in sales revenue during that quarter. This suggests a high level of efficiency in utilizing its assets to drive revenue.
However, the total asset turnover has generally trended downward since then, with Q4 2023 reporting the lowest ratio of 1.47. This may indicate a decrease in efficiency in utilizing assets to generate revenue. It is important for the company to closely monitor this trend and explore ways to optimize asset utilization to improve its overall financial performance.
Overall, while Steven Madden Ltd. has demonstrated varying levels of asset turnover efficiency over the quarters, the company should focus on maintaining a balance between asset utilization and revenue generation to sustain long-term growth and profitability.
Peer comparison
Dec 31, 2023