Steven Madden Ltd (SHOO)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 169,390 | 173,975 | 217,217 | 192,459 | -18,397 |
| Total assets | US$ in thousands | 1,411,770 | 1,347,940 | 1,257,990 | 1,355,540 | 1,137,760 |
| ROA | 12.00% | 12.91% | 17.27% | 14.20% | -1.62% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $169,390K ÷ $1,411,770K
= 12.00%
Steven Madden Ltd's return on assets (ROA) has shown a significant improvement over the past five years. In December 2020, the ROA was -1.62%, indicating the company had negative returns on its assets. However, by December 2021, the ROA had increased to 14.20%, reflecting a strong rebound and profitability on assets. This positive trend continued in the following years, with ROA reaching 17.27% in December 2022, showcasing further growth and efficiency in asset utilization.
Although there was a slight dip in ROA to 12.91% in December 2023, the company managed to maintain a double-digit return on assets, indicating continued profitability. By December 2024, the ROA remained solid at 12.00%, suggesting that Steven Madden Ltd has been effectively generating profits from its assets.
Overall, the upward trend in ROA signifies that Steven Madden Ltd has been successful in utilizing its assets to generate income and maximize returns for its shareholders. This performance demonstrates the company's operational efficiency and effectiveness in managing its resources to drive profitability.
Peer comparison
Dec 31, 2024