Steven Madden Ltd (SHOO)
Working capital 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 current assets | US$ in thousands | 894,695 | 854,832 | 843,557 | 944,660 | 698,241 |
| Total current liabilities | US$ in thousands | 413,721 | 377,624 | 320,908 | 435,190 | 235,916 |
| Working capital turnover | 4.75 | 4.15 | 4.06 | 3.66 | 2.60 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $2,282,930K ÷ ($894,695K – $413,721K)
= 4.75
Steven Madden Ltd's working capital turnover has been showing a positive trend over the past five years. The ratio has increased steadily from 2.60 in December 31, 2020, to 4.75 in December 31, 2024. This indicates the company's ability to efficiently utilize its working capital to generate sales revenue. A higher working capital turnover ratio suggests that Steven Madden Ltd is effectively managing its current assets and liabilities to support its operations. This improving trend indicates a positive sign of the company's operational efficiency and overall financial health.
Peer comparison
Dec 31, 2024