Steven Madden Ltd (SHOO)
Operating return on assets (Operating ROA)
| 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 |
| Total assets | US$ in thousands | 1,347,940 | 1,257,990 | 1,355,540 | 1,137,760 | 1,278,650 |
| Operating ROA | 15.82% | 22.39% | 17.97% | -2.78% | 13.83% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $213,222K ÷ $1,347,940K
= 15.82%
The operating return on assets (ROA) for Steven Madden Ltd. has displayed fluctuations over the past five years.
In 2023, the operating ROA decreased to 16.30% from 22.39% in 2022, indicating a decline in the company's ability to generate operating income from its assets compared to the previous year. However, the 2023 operating ROA is still higher than the levels observed in 2021 and 2020, reflecting an improvement over the two earlier periods.
The significant increase in operating ROA in 2022 to 22.39% from 18.27% in 2021 suggests a notable enhancement in the company's operational efficiency and profitability. This improvement may have been driven by various factors such as cost management, revenue growth, or operational optimization.
The operating ROA of 18.27% in 2021 was higher than the level in 2020, indicating an improvement in the company's operational performance despite the challenges posed by the previous year.
In 2020, the operating ROA was relatively low at 4.36%, signifying a weaker ability to generate operating income from its assets compared to the years before and after. This could be due to various factors such as operational inefficiencies, increased expenses, or lower revenue.
The operating ROA of 14.14% in 2019 showed a considerable improvement compared to 2020, indicating enhanced operational efficiency and profitability that year.
Overall, the trend in operating ROA for Steven Madden Ltd. demonstrates fluctuations over the past five years, with notable improvements in some years and declines in others. It is essential for stakeholders to monitor these changes to assess the company's operational performance and efficiency accurately.
Peer comparison
Dec 31, 2023