Steven Madden Ltd (SHOO)
Working capital 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 current assets | US$ in thousands | 854,832 | 853,583 | 827,899 | 768,033 | 843,557 | 817,249 | 906,410 | 868,103 | 944,660 | 881,101 | 743,780 | 734,531 | 698,241 | 647,834 | 635,921 | 640,792 | 718,879 | 707,086 | 740,803 | 661,064 |
| Total current liabilities | US$ in thousands | 377,624 | 331,760 | 317,642 | 257,242 | 320,908 | 280,081 | 379,643 | 345,260 | 435,190 | 388,574 | 279,158 | 256,493 | 235,916 | 218,072 | 237,892 | 232,712 | 281,271 | 252,702 | 282,219 | 203,844 |
| Working capital turnover | 4.15 | 3.70 | 3.79 | 3.97 | 4.06 | 4.15 | 4.18 | 3.95 | 3.66 | 3.33 | 3.14 | 2.52 | 2.60 | 2.95 | 3.58 | 4.24 | 4.08 | 3.93 | 3.82 | 3.72 |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,981,582K ÷ ($854,832K – $377,624K)
= 4.15
The working capital turnover ratio for Steven Madden Ltd. has shown fluctuations over the past eight quarters. The ratio measures how efficiently the company is utilizing its working capital to generate sales revenue.
In Q4 2023, the working capital turnover was 4.15, an increase from the previous quarter's ratio of 3.70 in Q3 2023. This suggests that the company improved its efficiency in using its working capital to generate sales during the most recent quarter.
Comparing the latest ratio to historical data, the working capital turnover in Q4 2023 is slightly lower than the ratio recorded in the same quarter of the previous year, which was 4.06. Despite this decrease in comparison to the same quarter last year, the current ratio remains relatively strong, indicating that Steven Madden Ltd. continues to effectively convert its working capital into sales revenue.
Overall, the trend in the working capital turnover ratio for Steven Madden Ltd. shows some variability but generally reflects a consistent and efficient utilization of working capital to drive sales growth. Future analysis should track this ratio to assess the company's ongoing performance in managing its working capital effectively.
Peer comparison
Dec 31, 2023