Steven Madden Ltd (SHOO)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 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 | 828,501 | 838,738 | 818,354 | 819,695 |
| ROE | 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% | 17.06% | 16.22% | 17.00% | 16.47% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $172,774K ÷ $829,598K
= 20.83%
Steven Madden Ltd.'s Return on Equity (ROE) has shown a declining trend over the past eight quarters, starting at a robust 29.21% in Q1 2022 and gradually decreasing to 20.68% in Q4 2023. This decline in ROE indicates that the company's ability to generate profit from its shareholders' equity has weakened over time. While the ROE percentages are relatively healthy, the downward trend may suggest potential challenges in efficiently utilizing the company's equity to generate earnings. It is essential for Steven Madden Ltd. to closely monitor and address factors impacting ROE to ensure sustainable profitability and value creation for shareholders.
Peer comparison
Dec 31, 2023