Steven Madden Ltd (SHOO)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 213,222 | 281,644 | 243,597 | -31,605 | 176,814 |
| Revenue | US$ in thousands | 1,981,580 | 2,122,010 | 1,866,140 | 1,201,810 | 1,787,160 |
| Operating profit margin | 10.76% | 13.27% | 13.05% | -2.63% | 9.89% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $213,222K ÷ $1,981,580K
= 10.76%
The operating profit margin of Steven Madden Ltd. has fluctuated over the past five years. In 2023, the operating profit margin decreased to 11.09% from 13.27% in 2022. This decline may indicate a reduction in the company's ability to control operating expenses relative to revenue generated.
Comparing to 2021, the operating profit margin remained stable at 13.27% in both years. This stability suggests that the company effectively managed its operating costs and maintained consistent profitability levels.
In 2020, the operating profit margin was noticeably lower at 4.12%, indicating a potential challenge or inefficiency in managing operating expenses compared to revenue during that period.
Finally, in 2019, the operating profit margin stood at 10.12%, showing a moderate level of profitability relative to revenue. The increase in 2020 may signify improved operational efficiency.
Overall, fluctuations in the operating profit margin reflect the company's ability to control costs, generate revenue, and remain profitable over the years, highlighting the importance of closely monitoring and managing operational performance.
Peer comparison
Dec 31, 2023