Steven Madden Ltd (SHOO)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 213,222 | 213,046 | 209,060 | 230,259 | 281,644 | 321,304 | 330,970 | 313,449 | 243,597 | 185,523 | 94,107 | 22,687 | -31,605 | -33,468 | 37,571 | 105,906 | 176,814 | 182,371 | 184,534 | 181,485 |
| 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 |
| Operating ROA | 15.82% | 16.49% | 16.46% | 19.11% | 22.39% | 26.20% | 25.20% | 24.52% | 17.97% | 14.27% | 8.02% | 1.94% | -2.78% | -3.03% | 3.32% | 9.24% | 13.83% | 14.22% | 14.40% | 15.00% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $213,222K ÷ $1,347,940K
= 15.82%
Steven Madden Ltd.'s operating return on assets (ROA) has exhibited a downward trend over the past eight quarters. The operating ROA decreased from 24.79% in Q1 2022 to 16.30% in Q4 2023. This decline indicates that the company's ability to generate operating profits relative to its total assets has weakened. The highest operating ROA was observed in Q4 2022 at 26.44%, followed by Q3 2022 at 25.43%. However, since then, there has been a consistent decrease in the operating ROA. This trend suggests that Steven Madden Ltd. may be facing challenges in efficiently utilizing its assets to generate operating income. Further analysis of the company's operational efficiency and asset management practices may be necessary to address the declining trend in operating ROA.
Peer comparison
Dec 31, 2023