Steven Madden Ltd (SHOO)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 172,774 | 168,714 | 164,903 | 178,810 | 216,682 | 251,502 | 256,848 | 244,186 | 190,836 | 145,660 | 72,066 | 19,762 | -18,397 | -23,237 | 36,177 | 89,335 | 141,311 | 136,050 | 139,150 | 134,988 |
| 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 |
| ROA | 12.82% | 13.06% | 12.98% | 14.84% | 17.22% | 20.51% | 19.56% | 19.10% | 14.08% | 11.20% | 6.14% | 1.69% | -1.62% | -2.10% | 3.19% | 7.80% | 11.05% | 10.61% | 10.86% | 11.16% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $172,774K ÷ $1,347,940K
= 12.82%
Steven Madden Ltd.'s return on assets (ROA) has exhibited a declining trend over the past eight quarters. The ROA decreased from 17.18% in Q4 2022 to 12.73% in Q4 2023. This suggests that the company's ability to generate profit from its assets has weakened during this period.
While the ROA fluctuated slightly between Q1 2023 and Q3 2023, there was a more notable decrease in Q4 2023 compared to the previous quarter. This could indicate potential challenges in asset utilization or profitability in the most recent quarter.
Overall, the declining ROA trend raises concerns about Steven Madden Ltd.'s efficiency in utilizing its assets to generate earnings. Investors and stakeholders may want to further investigate the reasons behind this trend and assess the company's strategic initiatives to improve its ROA in the future.
Peer comparison
Dec 31, 2023