Steven Madden Ltd (SHOO)
Return on equity (ROE)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 169,389 | 175,105 | 183,625 | 181,150 | 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 |
| Total stockholders’ equity | US$ in thousands | 847,719 | 833,923 | 808,279 | 825,236 | 829,598 | 837,038 | 824,516 | 821,042 | 831,553 | 842,303 | 833,534 | 835,215 | 812,098 | 798,830 | 774,335 | 787,528 | 776,586 | 756,120 | 755,084 | 761,207 |
| ROE | 19.98% | 21.00% | 22.72% | 21.95% | 20.83% | 20.16% | 20.00% | 21.78% | 26.06% | 29.86% | 30.81% | 29.24% | 23.50% | 18.23% | 9.31% | 2.51% | -2.37% | -3.07% | 4.79% | 11.74% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $169,389K ÷ $847,719K
= 19.98%
Steven Madden Ltd's return on equity (ROE) has shown fluctuations over the past few years. The ROE was positive but relatively low in March 2020 at 11.74%. However, by December 2020, the ROE turned negative, indicating that the company's net income was not sufficient to cover its shareholders' equity.
Subsequently, the ROE remained negative until March 2021, when it improved to 2.51%. Over the next few quarters, the ROE continued to increase steadily, reaching 30.81% by June 2022. This significant improvement suggests that the company's profitability and efficiency in generating returns for its shareholders were on the rise.
However, in the following quarters, the ROE started to decline, albeit remaining above 20%. This decrease may indicate a potential slowdown in the company's ability to utilize its equity effectively to generate profits. Despite the fluctuations, the ROE has generally remained at healthy levels above 20% in recent periods.
Overall, Steven Madden Ltd's ROE has shown both positive and negative trends over the analyzed period, with recent levels indicating a stable return on equity, although not as high as seen in mid-2022. Further analysis of the company's financial performance and strategies could provide more insights into the factors influencing its ROE.
Peer comparison
Dec 31, 2024